Bankruptcy Blogs

Unexpected surge in loan demand provides earnings boost at Union

01/22/19

The Virginia company cautioned that it expects lending to slow down this year.

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Blend hires ex-Fannie CEO Mayopoulos as president

01/22/19

Timothy Mayopoulos is back in the mortgage industry, becoming the new president of the digital mortgage technology developer Blend, months after leaving his post as Fannie Mae’s CEO.

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Branch deal, higher rates boost Flagstar's 4Q profit

01/22/19

The low-cost deposits it gained in its purchase of 52 Wells Fargo branches, combined with higher interest rates, lifted Flagstar's net interest margin.

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Banks should take a page from fintechs on innovation

01/22/19

Large financial institutions need to adopt a new mindset to compete with tech startups, one that allows them to take risks and put aside legacy systems.

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Community Bank System adding scale in Upstate N.Y. with Kinderhook deal

01/22/19

The company will pay $93 million for Kinderhook Bank, which has a concentrations of branches around Albany.

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Can crowdsourcing mitigate a dearth of data scientists for banks?

01/22/19

Data scientists from NASA, Google and hundreds of other places are working for financial firms in their spare time. Is this a good idea?

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Why bankers should drop their fear of fintech regulatory sandboxes

01/22/19

Brian Knight at George Mason University says fintechs will be held accountable for legal violations in sandboxes — and banks can use sandboxes, too.

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Citi's Corbat not counting out struggling European rivals

01/22/19

"I don't and I never would discount the European banks," Citigroup Chief Executive Officer Michael Corbat said in an interview at the World Economic Forum in Davos. "Don't overestimate the U.S. banks' position, and don't underestimate the European banks' position."

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BofA's Moynihan predicts another round of U.S. bank mergers

01/22/19

Bank of America Chief Executive Officer Brian Moynihan predicted another round of consolidation in the U.S. that could lead to the emergence of a new competitor.

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Citizens Community to enter new Wisconsin market with latest acquisition

01/22/19

The company will top $1 billion in assets after it buys the parent of F&M Bank in Tomah, Wis.

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