Bankruptcy Blogs

House, Senate Dems introduce bill to encourage diversity among Fed presidents

01/09/19

The bill would require at least one gender diverse and one racially or ethnically diverse candidate to be interviewed for Fed regional bank president vacancies.

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Fintech funding reaches new high

01/09/19

Efforts to build better connections to bank customer data, trade digital currency and explore artificial intelligence for security and compliance purposes were some of the biggest draws of fundraising for U.S. startups.

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State Street is said to lay off 15% of senior managers

01/09/19

New CEO Ronald O'Hanley is pushing to reduce expenses, automate more functions and simplify the organizational structure.

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Lending preview: C&I will surge, CRE will slump in 2019

01/09/19

Consumer lending should also be a bright spot, while mortgage lending could be suppressed by rising rates and tight housing supplies.

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M&A in 2019: Banks will keep paying up for deposit-rich sellers

01/09/19

Deposit premiums for bank mergers, which topped 10% in 2018 for the first time in years, are expected to keep rising as competition for cheap funding intensifies.

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Some attaboys for bank stocks in season of pessimism

01/09/19

There had been a cascade in recent days of downgrades and other negative forecasts in connection with big banks, but some analysts on Wednesday picked up the industry's argument that fundamentals are stronger than the markets are giving banks credit for.

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FHA urges servicers to go easy on federal workers during shutdown

01/09/19

The agency wants mortgage servicers to extend special forbearance plans to those affected by the partial government shutdown and evaluate borrowers for loss-mitigation options.

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Merchants accept Supreme Court stipulation on New York surcharging

01/09/19

The number of states not allowing surcharging on credit card purchases continues to dwindle, as New York now gives merchants the option to charge fees as long as they make the costs clear to consumers.

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Banker concerns about credit union mergers are overblown

01/09/19

The banking industry is unduly worried that recent credit union deals could open the door for anyone to join.

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Amex suspends foreign currency boss; Deutsche bonuses may shrink

01/09/19

The unit is under investigation by federal agencies for misrepresenting pricing; investment bankers are looking at a possible 15-20% drop in bonus money.

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