Bankruptcy Blogs

Wells Fargo’s Digital Cash plants seeds for bigger blockchain opportunities

09/17/19

Giants like Facebook, JPMorgan Chase and Walmart are all pushing blockchain for myriad use cases, and now Wells Fargo has joined the fray with its own spin on the distributed ledger technology.

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Customers Bancorp banking cannabis firms in New York, Pennsylvania

09/17/19

The company will offer deposit-related services to firms with permits for hemp and CBD.

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California bank warns of large fraud-related charge-off

09/17/19

Private Bancorp of America is the latest bank to report a borrower issue in connection with a high-profile fraud case tied to liquor licenses.

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The ball is in FHFA’s court for reforming the GSEs

09/17/19

The FHFA can go beyond a recent Trump administration report to level the playing field between the private sector and Fannie Mae and Freddie Mac.

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Banks moving to national charters; Cryan gets new post

09/17/19

Fifth Third Bancorp becomes the largest bank to switch from state to OCC regulation; former Deutsche CEO named chairman of Man Group.

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ABA steps up efforts to delay controversial accounting standard

09/17/19

The association filed a comment letter urging FASB to delay CECL implementation for all banks, while asking a key accounting group to support its effort.

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Cash-flow data shows promise as predictor of credit risk

09/17/19

Melissa Koide, co-founder and CEO of FinRegLab, analyzed loan data from six lenders that use cash-flow data in their underwriting. She shares what she found.

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Reliant Bancorp adding scale in key Tennessee market with acquisition

09/16/19

The company agreed to buy Tennessee Community Bank Holdings, which has operations just west of Nashville.

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Is multiple choice the right way to go on cybersecurity standards?

09/16/19

Regulators are letting banks choose from among four security frameworks, but some observers are urging a more prescriptive approach.

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Subprime card lender introduces ex-Barclays exec as CEO

09/16/19

Mission Lane, which was spun off from LendUp in December, said Monday that Shane Holdaway took the helm in August after roughly a year serving as CEO of Barclays' U.S. consumer bank. The upstart lender also announced that it has raised $200 million in equity funding.

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