Bankruptcy Blogs

Texas Independent to expand in Houston with bank purchase

02/18/19

The company has agreed to buy Preferred Bancshares in a deal set to close by mid-2019.

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SoFi plans new lending products and move Into stock trading

02/15/19

The company's expansion into new business lines could help offset recent declines in loan volume.

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Deutsche Bank reverses pledge to help distressed homeowners

02/15/19

The funds the bank promised to spend on consumer relief will instead be used to make new home loans, according to a report by the monitor of its 2017 settlement with the U.S. Justice Department.

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Wells' tech snafu, BB&T-SunTrust cont'd., JPM Coin: Top stories of the week

02/15/19

Flaws in testing may be real source of Wells Fargo's tech failure; BB&T-SunTrust deal throws talent and deposits up for grabs, threatens banking's middle tier; what JPMorgan Chase's JPM Coin means for Ripple and Swift; and more from this week's most-read stories.

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USAA ordered to improve risk management, information security

02/15/19

The enforcement action from the OCC comes on the heels of a CFPB consent order that said USAA reopened customers' accounts without consent and neglected stop-payment requests.

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Recipe for an East Coast regional

02/15/19

John Asbury, president and CEO of Union Bancshares, wants to make Virginia something it hasn’t been in decades: home to a regional bank powerhouse. He discusses how striking the right balance between acquisitions and strategic hiring works toward that goal.

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Watt abused role in pursuing relationship with FHFA staffer: Watchdog

02/15/19

Former FHFA Director Mel Watt attempted to coerce an agency employee to engage in a romantic relationship with him, according to an inspector general report.

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Managers at Investors Bancorp hit the streets to pull in deposits

02/15/19

"You can't meet customers at the headquarters," CEO Kevin Cummings tells his senior executives.

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Bankers have another data security issue to worry about

02/15/19

Banks want to encourage innovation by extending access to outside developers, but customer data remains vulnerable while in use by an application.

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HomeStreet acquiesces to activist investor, will sell mortgage unit

02/15/19

HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, a move that comes amid growing pressure from an activist investor to exit home lending and concerns about declining demand and regulatory challenges.

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