Bankruptcy Blogs

Wells Fargo puts chief admin officer, auditor on leave amid ongoing scandals

10/24/18

Hope Hardison, Wells Fargo's chief administrative officer since 2015, and David Julian, its chief auditor since 2012, have both been removed from the bank's operating committee and begun leaves of absence in the latest fallout from the bank's phony-accounts scandal.

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Easing of taxi medallion issues, loan growth boost BankUnited

10/24/18

The Florida bank set aside much less money to cover soured medallion loans in the third quarter, and total loans rose more than 7%.

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Fed warns over leveraged lending as banks chase riskier deals

10/24/18

The Federal Reserve is getting more concerned about risks from the leveraged loan market, with a key official saying it's now taking a "closer look" at whether banks are chasing deals without adequately protecting themselves against losses.

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Top Democrat on House banking panel among those targeted with suspicious packages

10/24/18

Authorities intercepted the package sent to the office of Rep. Maxine Waters, D-Calif., on the same that pipe bombs were reportedly sent to former President Barack Obama and former Secretary of State Hillary Clinton.

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Puerto Rico's biggest bank finds ways to grow as island population shrinks

10/24/18

Popular's 16% gain in deposits and a recent acquisition bode well for its future even though there has been a major net loss of residents since Hurricane Maria.

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Fed board to consider proposed revamp of big-bank supervision

10/24/18

The central bank will hold an open meeting Oct. 31 to discuss changes to the enhanced supervisory regime as required by the regulatory relief bill passed in May.

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Why it’s so hard to put bank smarts in voice assistants

10/24/18

Striking the right balance between personalization and privacy is just one challenge the startup Finn AI is grappling with as it refines the artificial intelligence behind banking through Alexa and other devices.

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U.S. Bancorp to shed more than 700 jobs

10/24/18

The Minneapolis company said in an email to American Banker that it would reduce its headcount by approximately 1%, or about 740 positions, across the company.

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Community banks dabble with voice banking, but still not fully sold

10/24/18

Bank Independent in Alabama is the latest small bank to start using Alexa, though implementation costs and security concerns continue to hold others back.

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Mercantil Bank in South Florida to rebrand as Amerant

10/24/18

The change comes two months after the bank was spun off from its Venezuelan parent company.

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