Bankruptcy Blogs

Can an exec from Amazon reboot Simple?

11/14/18

The online-only bank hopes new leadership can help it overcome its rocky past three years.

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FDIC’s rate caps threaten efforts to serve the underbanked

11/14/18

The agency’s flawed methodology for determining interest rate caps on certain accounts poses risks for banks offering free, low-deposit checking and the financial system more broadly.

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Goldman on the hot seat; lending standards flat or easing

11/14/18

Will prosecutors believe a rogue banker was behind Malaysia fraud?; banks that changed standards in Q3 were more likely to ease underwriting.

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BancorpSouth to buy banks in Alabama, Texas

11/14/18

The Mississippi bank will pay up to $100 million to expand in southwest Alabama and Dallas.

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Acquisition to give Simmons First big boost in St. Louis

11/14/18

The Arkansas company will pay $170 million to buy Reliance Bancshares.

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Prosper branches out, shifts strategy as it launches second product

11/14/18

The online lender will roll out its first new product in 12 years, a home equity line of credit. But it's taking a different approach than with its original offering.

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Big-bank breakups, postal lending and more: 2020 Dem hopefuls' financial agendas

11/13/18

The already long list of potential challengers to President Trump in 2020 includes policymakers with a deep record on banking issues and those whose financial services views are a relative mystery.

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Brown defends CFPB independence, calls for focus on small-town issues

11/13/18

As he weighs a possible presidential bid, Sen. Sherrod Brown, D-Ohio, touched on a likely campaign theme Tuesday, saying both political parties have done a poor job dealing with rural concerns.

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SVB Financial to buy Boston investment bank

11/13/18

The California company will pay $280 million to buy Leerink Holdings, which focuses on health care and life sciences firms.

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‘I lost my home because of a computer glitch’: Wells’ victims seek answers

11/13/18

The bank recently notified an upstate New York man that he was wrongly denied a mortgage modification, and enclosed a $25,000 check. But details of what went wrong have been hard to come by.

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