Bankruptcy Blogs

Navient seeks to narrow CFPB’s student loan servicing lawsuit

01/18/19

The company has filed a request with a federal judge in Pennsylvania for a summary judgment in two counts against it, accusing the bureau of failing to provide evidence.

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Lower expenses, C&I growth drive Regions' 4Q profits

01/18/19

Strong demand for commercial loans helped offset weaker growth in consumer lending and a decline in fee income.

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Scott to lead Senate Banking's financial institutions subcommittee

01/18/19

The South Carolina Republican will take over for Sen. Pat Toomey, R-Pa., as part of a reshuffling of subcommittee assignments.

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How Citi will shrink its pay gap, and beware those freshman renegades

01/18/19

Citi is the first to share its unadjusted pay gap and lays out its goals for improvement. Bankers will be getting to know the progressive freshmen females who are storming D.C. a lot better. Plus, lots of fintech people moves and Gillette's take on toxic masculinity.

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Warren demands details on Mnuchin's December calls to bank CEOs

01/18/19

In letters to the Treasury secretary and CEOs of the largest banks, the Massachusetts Democrat questioned why Mnuchin was trying to quell liquidity fears that had not previously been mentioned by regulators.

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Keep nonbanks out of the Home Loan Bank System

01/18/19

Policymakers should not let mortgage REITs, hedge funds and other firms gain membership through captive insurance companies.

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First Midwest Bancorp in Chicago taps new president

01/18/19

Mark Sander, who has been with the company since 2011, succeeded Michael Schudder, who remains chairman and CEO.

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State Street says it's laying off 1,500 workers to cut costs

01/18/19

State Street Corp. said it’s laying off 1,500 staff as part of a plan to reduce costs.

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Oklahoma bank set to debut new brand

01/18/19

Valley National will reinvent itself as Vast Bank over the next few months. The move is part of an effort to attract younger customers.

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Bank OZK rebounds, emphasizes focus on credit quality

01/18/19

A spike in charge-offs in the prior quarter stoked concerns about commercial real estate exposure.

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