Bankruptcy Blogs

Scharf signals ‘sense of urgency’ at Wells; Europe weighs new AML agency

11/01/19

CEO tells employees he wants them to be 'impatient' in fixing the bank’s woes; the new independent body would police banks’ compliance with AML regulations.

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Hilltop discloses material weakness tied to its loan-loss allowance

11/01/19

The Dallas company said it should be able to avoid restating past financial results. Hilltop also reported higher quarterly earnings boosted by a increase in mortgage activity.

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'Enough with the scare tactics': Comments of the week

10/31/19

Readers react to Sen. Warren's plan to weed out Washington corruption, Facebook CEO Mark Zuckerberg's testimony before Congress, restricting the Federal Reserve's proposed real-time payments system and more.

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Mobile investments give banks a small-business trust bump

10/31/19

Taking a page from fintech competitors, banks have worked to enrich the small-business app experience.

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SVB Financial's big bet on China

10/31/19

The parent of Silicon Valley Bank is as bullish as Citi on the growth potential in China, despite the trade war. SVB's focus on early-stage startups is boosting its profits from Asia.

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Capital One subpoenaed by N.Y., feds over taxi loans

10/31/19

The McLean, Va.-based company is under law enforcement scrutiny for loans that helped propel a boom and bust in the taxi medallion market in New York City.

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USED could have seen PSLF Fail coming

10/31/19

The Department of Education (USED) knew by 2016 that hundreds of thousands of student loan borrowers planning to apply for public loan service forgiveness (PSLF) were headed for rejection as they started applying in late 2017. The Department conducted a review of servicing contractor PHEAA’s administration of PSLF on October 25, 2016, about a year before the first cohort of borrowers would become eligible for loan cancellation.

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What helped Cullen/Frost expand its 3Q margin

10/31/19

The San Antonio company said it withstood rate pressures because it has been ahead of the game in deposit pricing over the last two years.

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New suit against Discover highlights lingering robocalling risk

10/31/19

The case — the card issuer's third in six years — is an example of the legal peril that banks and other companies continue to face over the use of automated phone calls for debt collection and other purposes.

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House bill would mandate congressional visits by big-bank CEOs

10/31/19

Rep. Ayanna Pressley, D-Mass., has proposed requiring annual testimony by the heads of the U.S. "global systemically important" banks.

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