Bankruptcy Blogs

House passes offshoring bill inspired by Wells Fargo layoffs

10/18/19

The legislation, sponsored by Rep. Cindy Axne of Iowa, aims to hold public companies accountable for moving jobs overseas. It won unanimous support from House Democrats but attracted only two votes from Republicans.

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Dimon says Libra 'will never happen'

10/18/19

The JPMorgan Chase CEO called Facebook's cryptocurrency project a "neat idea" but added his name to the list of industry leaders and policymakers skeptical about the plan.

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Fed, FDIC will explore changes to Camels rating system

10/18/19

The two agencies requested comment on the scorecard regulators use to assess a bank's overall health as some question whether ratings are consistently applied.

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Why Scotiabank is building 'digital factories'

10/18/19

The Toronto-based bank has hired 1,200 people across five countries in North and South America to focus on digital features.

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Huntington names Visa executive as its new chief financial officer

10/18/19

Zachary Wasserman will succeed Mac McCullough, who is retiring at the end the year.

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Ambassador at center of impeachment probe has deep roots in lending

10/18/19

Gordon Sondland, the U.S. ambassador to the European Union, is often described as a hotelier from the Pacific Northwest. But he has also had a long and sometimes controversial career in finance.

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U.S. Bank launches bill-pay platform to support faster payments, chatbots

10/18/19

U.S. Bank wants to disrupt the way consumers pay their bills by offering billers a new platform fit for faster payment rails, new messaging formats and digital assistants.

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U.S. Bank hires real-time payments expert Peter Gordon

10/18/19

U.S. Bank has hired payments veteran Peter Gordon to fill a new post as head of emerging payments product and strategy, tapping his years of experience developing real-time payments technology.

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Sterling in Michigan selects next CEO

10/18/19

Tom Lopp will succeed Gary Judd at the end of November.

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Don’t mess with rules curbing derivatives risk

10/18/19

A regulatory proposal to ease the initial margin buffer on certain derivatives trading could be harmful to the economy.

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