Bankruptcy Blogs

With Citi's $47 fee sparking rage, Mexican banks brace for reaction

02/27/19

Tatiana Clouthier, one of the most powerful lawmakers Mexico, is backing a campaign that's spread jitters through financial markets: make the banks charge less.

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How some banks, fintechs are tackling the tech-talent shortage

02/27/19

Bank of America, MX and Carolina Fintech Hub are training refugees and nontechies to become developers while at the same time showing corporate citizenship.

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Ex-SoFi CEO's new blockchain startup is getting into banking

02/27/19

Mike Cagney, the former embattled chief executive of Social Finance, has a new startup that plans to announce a $65 million funding round on Wednesday, bolstering the lending company's expansion into other financial services, including wealth management.

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Fed’s stance on trade secrets could mean more banker bans

02/27/19

Bankers should pay attention to a recent case in Wyoming in which regulators have sought to bar two executives for misusing confidential bank information for the benefit of a rival institution.

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Hometown strikes again with deal for Mass. thrift

02/27/19

Hometown, which agreed to buy Millbury Savings Bank, has already completed one acquisition this year and has another pending.

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Metro Bank shares plunge as regulators circle

02/27/19

Metro Bank, the lender founded by U.S. entrepreneur Vernon Hill, plunged to a record low after it disclosed that British regulators are probing how it misclassified assets, an incident that prompted a share sale.

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HomeStreet has potential buyer for its mortgage operations

02/27/19

The Seattle company has a letter of intent to sell its home loan centers to Homebridge Financial Services.

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Banks back away from Venezuela; Downside of going cashless

02/27/19

With U.S. sanctions in place against Venezuela, banks fear compliance violations; exclusion and cyber attacks the biggest concerns of cash-free society.

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Walmart teams with Affirm to offer point-of-sale loans

02/27/19

The deal marks the first time that the retail giant will enable its customers to use fixed-rate loans, rather than credit cards, for big-ticket purchases in its stores and online.

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Former CFPB staffer named Florida's banking commissioner

02/26/19

Ronald Rubin, who was a CFPB enforcement attorney, will head an office overseeing nearly 200 state-chartered banks.

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