Bankruptcy Blogs

Judge rejects Trump effort to block Deutsche Bank, Capital One subpoenas

05/22/19

The House Financial Services and Intelligence panels had "legitimate legislative purpose" in requesting President Trump's financial records, the judge said. It is the second such ruling this week.

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Emphasizing the private at Boston Private

05/22/19

Anthony DeChellis’ strategy for staying relevant in a competitive metro market is a little odd — rebuild the private banking business his predecessor shrank — but observers say he might be the executive who can pull it off.

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Challenger bank N26 ordered to bolster money laundering safeguards

05/22/19

The measures are likely to raise security costs for the German smartphone bank backed by billionaires Peter Thiel and Li Ka-shing.

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Republican Senate bill would delay CECL until further study

05/22/19

The effort to delay CECL comes a week after a House panel mounted a bipartisan attack on the new FASB standard.

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Early adopter: Clearing House real-time payments lands first small bank

05/22/19

Avidia Bank joins the network even as other community banks call on the Fed to create its own real-time payment service to compete.

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PDL Community in New York to buy mortgage lender

05/22/19

The parent of Ponce Bank has agreed to acquire Mortgage World Bankers.

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Inside the Apple Card: Mastercard’s ‘digital first, physical optional’ platform

05/22/19

The Apple Card takes a more aggressively digital approach to credit card relationships than most other products on the market — but the technology behind it isn’t exclusive to Apple.

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Mnuchin vows probe of Deutsche Bank’s AML procedures

05/22/19

As Democrats keep the heat on the German bank over allegations that it suppressed reporting tied to Trump businesses, the Treasury secretary said he will direct the Financial Crimes Enforcement Network to look into the matter.

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Small and mid-sized banks can’t shy away from AI

05/22/19

While some of the biggest institutions are already rapidly developing new technologies, it’s important that community banks also tap the power of artificial intelligence and machine learning.

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Another Fed contrarian considered for board; Deutsche’s AML glitch

05/22/19

Trump may nominate Judy Shelton, who prefers “market-determined rates”; a software glitch may have prevented flagging of suspicious transactions for a decade.

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