Bankruptcy Blogs

New York de novo debuts after raising $131 million

05/30/19

Grasshopper Bancorp will target the innovation economy in New York City and other markets across the country.

[more]

Uber enters leasing pact for borrowers who can’t secure auto loans

05/30/19

Uber Technologies Inc. is going nationwide with a program that helps those without a car — or the financial means to get one — drive for the ride-hailing giant.

[more]

Citi could beat expectations in 2020, Goldman says in upgrade

05/30/19

Citigroup can beat consensus expectations in 2020 regardless of higher interest rates or stronger global growth, and is well positioned for potential supply chain shifts in Asia, Goldman Sachs said in an upgrade of the stock to buy from neutral.

[more]

JPMorgan agrees to $5 million settlement in parental leave case

05/30/19

The payout resolves a 2017 complaint filed by a male employee who alleged the bank’s parental leave policy was biased against dads.

[more]

Small banks need to plug the data gap

05/30/19

Community and regional institutions' survival could hinge on their ability to access large troves of data.

[more]

Florida bankers create holding company, agree to buy Flagship Community

05/30/19

West Florida Banking is made up of bankers who ran Jefferson Bank of Florida, which is now part of CenterState Banks.

[more]

Lenders lobby against robocall ban; HSBC continues robot roll out

05/30/19

Banks and credit unions “push back” against an FCC proposal to limit calls; Miami gets the next assistant the bank says is not intended to replace humans.

[more]

Zelle operator Early Warning hires new CEO

05/30/19

Albert Ko, who had been the chief transformation officer of Intuit, says he will work to improve Zelle's interface to make it more appealing to consumers.

[more]

What is the 'branch of the future'?

05/29/19

Branches are closing at the fastest pace in years, and keeping them relevant to customers is a problem banks are being forced to solve in ever more creative ways.

[more]

Expect more banks to exit national mortgage lending

05/29/19

Many banks have already scaled back home lending or even left the business. With profit margins shrinking, inventories of homes at crisis levels and competition from nonbanks intensifying, that’s unlikely to change.

[more]