Bankruptcy Blogs

FDIC to rescind four policies deemed outdated

10/10/19

As part of an effort to reduce regulatory burden, the agency will retire policy statements from the 1980s and nineties dealing with securities subsidiaries, failed-bank receiverships and other matters.

[more]

Citi rolls out ad campaign highlighting gender pay gap

10/10/19

The series of print, digital and billboard ads uses children of Citigroup employees to draw attention to the bank's own efforts to promote women to senior roles.

[more]

MetroCity in Georgia raises $26M through IPO

10/10/19

MetroCity Bankshares has said it could use the proceeds to open branches or pursue acquisitions.

[more]

Federal government an exemplar in promoting women

10/10/19

The financial industry should take notes from regulators that have diverse leadership.

[more]

LendingClub founder's new firm launches card-loan hybrid product

10/10/19

Renaud Laplanche, one of the first fintech disruptors, is launching an unusual type of credit product at Upgrade, his new company, that is a cross between a credit card and an unsecured loan.

[more]

Next step in Libra battle; bank stock rally fizzles

10/10/19

Facebook CEO to face a skeptical House panel on Oct. 23; bank stocks have given up last month’s gains as investors await earnings season.

[more]

Has banking become too political?

10/09/19

Large banks are increasingly taking stands on social issues like gun rights and climate change. Some see this as a troubling development.

[more]

What’s fueling Citizens’ westward expansion

10/09/19

The Providence, R.I., bank recently installed a new regional head in California to oversee a commercial banking expansion into five western states. The bank says it’s trying to craft a successful growth strategy while reassuring investors it isn’t overreaching.

[more]

Supreme Court ruling could mean more ADA lawsuits tied to bank websites

10/09/19

The court passed up a recent opportunity to clarify confusion about Americans with Disabilities Act requirements for business websites, raising concerns among bankers that they could become an even more inviting litigation target.

[more]

FDIC to offer parental paid leave to employees

10/09/19

All personnel will qualify for up to six weeks of paid leave following the birth, adoption, or foster-care placement of a child in their home, the agency said.

[more]