Bankruptcy Blogs

ICBA joins list of banking trade groups backing fintechs

08/27/19

Teslar Software, which supplies community banks with a platform to manage data from different internal systems, received $2 million from the Independent Community Bankers of America.

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Deutsche Bank says it has returns requested by subpoenas

08/27/19

Deutsche Bank confirmed that it has tax returns requested by U.S. lawmakers seeking financial information for President Donald Trump and his family. Whose returns are those? That's still a secret.

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A way for smaller banks to access tech sandboxes big banks play in

08/27/19

Bond Financial Technologies' platform is designed for community and regional banks seeking fintech expertise.

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The Fed shouldn't enable Donald Trump: Bill Dudley

08/27/19

Trump's re-election arguably presents a threat to the U.S. and global economy, to the Fed's independence and its ability to achieve its employment and inflation objectives, the former N.Y. Fed chief says.

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Liquidity concerns drove LegacyTexas to sell

08/27/19

The Plano bank, which is being sold to Prosperity Bancshares in one of the industry's biggest M&A deals this year, was also worried about credit quality, a regulatory filing shows.

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MetaBank sees consumer demand for faster payments

08/27/19

A new study released by the prepaid issuer MetaBank finds that most consumers want businesses to use faster payment methods when sending them money for refunds, rebates and claim payments.

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JPMorgan weighs sale of $1 billion AARP credit card portfolio

08/27/19

JPMorgan Chase is considering selling the credit card portfolio it built through an almost three-decade partnership with the AARP, according to people with knowledge of the matter.

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Scotiabank's Latin America push outpaces BMO's U.S. efforts

08/27/19

Scotiabank's earnings topped analysts' estimates on a surge in profit in its international-banking division, fueled by a sharpened focus on Latin America. Bank of Montreal, meanwhile, fell short of expectations as growth was more muted at its U.S. personal-and-commercial banking division.

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Banks in rural areas need to step up their mobile game

08/27/19

As branches in remote areas disappear, banks run the risk of losing business to fintechs.

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P2P lenders faces challenges; Student debt relief scams

08/27/19

An economic downturn is likely to force industry consolidation; the legit firms only offer borrowers things they can get for free, while others are scams.

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