Bankruptcy Blogs

FirstBank to buy Santander's Puerto Rico operations for $1.1 billion

10/22/19

The deal, which is expected to close in mid-2020, would create a company with nearly $18 billion of assets and more than $14 billion of deposits.

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Scharf’s first day at Wells Fargo; Zuckerberg readies to face the Hill

10/22/19

The new CEO is the first outsider to head the scandal-ridden bank in decades; Facebook CEO faces the House Financial Services Committee on Wednesday to discuss Libra.

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What Supreme Court case means for CFPB’s future

10/21/19

Will the justices go further than answering constitutional questions about the bureau's leadership structure?

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Keys to small banks’ survival: One regulator’s view

10/21/19

Complaints that banks, credit unions and nonbanks compete on an uneven playing field should be heard, just as community banks must take seriously the threats from high-tech rivals, says Julie Stackhouse, a retiring supervision official at the St. Louis Fed.

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OCC lacks legal power to create fintech charter, court rules

10/21/19

The judge sided with the New York Department of Financial Services, which had sued the OCC over the proposed charter.

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Huntington will lay off 150 to 200 workers

10/21/19

The Ohio company, scheduled to report third-quarter results Thursday, blamed the decision on the squeeze interest rates are putting on revenue.

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Strong C&I, fee-income growth help Zions weather margin pressure

10/21/19

Declining interest rates took a toll on its profit margin, but the Salt Lake City company still beat earnings expectations in the third quarter.

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FDIC to issue proposal on brokered deposits by yearend, McWilliams says

10/21/19

The chairman acknowledged the timetable is "ambitious."

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Synchrony looks beyond the store-branded card for growth

10/21/19

The credit card lender responded to the closing of Toys R Us stores last year by issuing Synchrony-branded cards to the retailer's customers. Now it's testing a general-purpose card with a wider array of clients.

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Morgan Stanley data chief can relate to veterans' struggles

10/21/19

Jeff McMillan at Morgan Stanley shares stories of readjusting to civilian life and how he and his company help other veterans.

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