Bankruptcy Blogs

PNC not interested in bank acquisitions, CEO says

09/11/19

The Pittsburgh company is sticking with its plan to grow though expanded lending and branch openings in new markets, William Demchak told investors and analysts Wednesday.

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House passes five bipartisan financial services bills

09/11/19

The legislation takes aim at third-party bank service vendors, the backlog of FHA appraisals, rural housing assistance and other issues where there is broad agreement.

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Trump adds to pressure on Fed, seeking rates of zero ‘or less’

09/11/19

President Donald Trump urged the Federal Reserve to lower interest rates to a level typically reserved for recessions or periods of persistently weak growth, suggesting that such a setting could allow the government to restructure Treasury debt at a lower cost.

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Throw your old data analytics out the window

09/11/19

Changes in consumer behavior patterns will force banks to reassess the information they use to attract customers.

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Two New Podcasts: Succession/Slate Money and The Business Scholarship Podcast

09/11/19

I loved the first season of HBO’s Succession.  Superb acting, great sets, and a story about a totally dysfunctional family (that makes me think that my own dysfunctional one is relatively functional).  Plus, the really really rich and despicable people in the show (modeled on actual really really rich people – see here) are miserable – and I can’t help but be entertained by that.

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JPM prepping for zero rates; N.J. to pressure banks on guns

09/11/19

Dimon doesn’t expect it to happen, but the bank is getting ready just in case; the state will require banks to disclose their relationship with gun sellers.

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Enough With the Old Chinese Debt Already

09/10/19

Mark Weidemaier and Mitu Gulati

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Why Citi, Wells, JPMorgan are seeing a spike in API calls

09/10/19

Hint: For their e-commerce clients, it's all about faster payments.

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Investors want new accounting standards, FASB says. Investors disagree.

09/10/19

Hal Schroeder of FASB claims that investors have no confidence in the current loss standard. Several investors at a prominent accounting conference disagree.

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Banc of California warns of big charge-off tied to commercial client

09/10/19

The unnamed borrower was the victim of an alleged scam by another company.

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