Bankruptcy Blogs

Even after breach, Capital One is 'all in' on the cloud

09/10/19

The company still intends to shut down its data centers next year even as the recent hacking that exposed the data of some 100 million people raised questions about its aggressive embrace of cloud computing.

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OCC approves Fifth Third’s conversion to national bank

09/10/19

The Cincinnati bank applied in May to convert its Ohio state charter amid an expansion into Texas and Colorado and the completion of its merger with MB Financial.

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Could Fed rate cut be undermining business confidence?

09/10/19

It hasn't stimulated loan demand in ways banks hoped it might, and some CEOs fear future rate cuts might cause companies to hunker down.

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Volcker the man blasts Volcker the rule in letter to Fed chair

09/10/19

The recent revision of Volcker Rule limits on banks' ability to speculate with their own capital has cost regulators a meaningful supporter: Paul Volcker.

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Treasury mulling appeal of GSE investor ruling to high court: Mnuchin

09/10/19

Federal appeals court judges in New Orleans on Friday appeared to back claims by investors that Treasury's "net worth sweep" is illegal.

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Dimon: Treasury’s GSE plan ‘going in the right direction’

09/10/19

JPMorgan CEO Jamie Dimon said at an investor conference that the Trump administration's plan for Fannie and Freddie would provide more opportunities for financial institutions. He also called for an end to the U.S.-China trade war and weighed in on the prospect of interest rates falling to zero.

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Path to a GSE bill still fraught despite Treasury plan

09/10/19

Senate Banking Committee members feel urgency to pass a bill dealing with Fannie Mae and Freddie Mac, but the same obstacles that have stalled congressional action for years remain.

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Patriot Financial leads $15 million round for Numerated

09/10/19

Numerated, vendor of loan prospecting, marketing and underwriting software that was developed within Eastern Bank, now has $32 million.

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CFPB moves to ease fintechs’ regulatory fears

09/10/19

The bureau issued three policies removing the threat of legal liability for approved companies that test new products.

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Small Borrowers Continue to Struggle Without Relief

09/10/19

Several recent stories remind us that many, many ordinary people around the world continue to struggle with crushing debt with no access to legal relief, and when relief is introduced, it is vehemently opposed by lenders and often limited to the most destitute of debtors.  These stories also reveal the dark underside of the much-heralded micro-finance industry.

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