Bankruptcy Blogs

JPMorgan, Citi decry Russian plan to limit funds held abroad

08/22/18

JPMorgan Chase, Citigroup and Goldman Sachs are among foreign lenders protesting a Russian central bank plan that would drastically reduce their ability to move funds from local units to their parent companies outside of Russia.

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They’re baaack: Big banks are flexing their lobbying muscle

08/22/18

With strategic changes at key trade groups and attention shifting away from regulatory relief for community banks, the interests of large institutions have taken on more prominence.

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Citigroup's three-year plan to reverse its falling diversity

08/22/18

After years of scant progress on diversity measures, Citigroup has created hard targets for raising the percentages of women and African Americans in management positions by 2021, according to an internal memo from Chief Executive Officer Michael Corbat.

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Don’t forget baby boomers in the race to go digital

08/22/18

Banks should update their online and mobile applications — bigger font sizes, perhaps — to ensure their offerings are accessible to older customers.

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First Busey to take big leap in St. Louis with latest acquisition

08/22/18

The Illinois company will become one of the area's top 10 banks after buying Bank of Edwardsville.

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JPM breaks free; Merrill to sweep uninvested funds away from MMFs

08/22/18

Bank to offer 100 free stock or ETF trades to customers; the BofA unit will deposit uninvested client cash in banks, not money market funds.

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Facebook: the new Credit Reporting Agency?

08/22/18

Facebook, it seems, has developed a system of rating users trustworthiness. It's not clear if this is just a system for internal use or if users' trustworthiness scores are for sale to third parties, but if the latter, then would sure seem that Facebook is a Consumer Reporting Agency and subject to CRA provisions of the Fair Credit Reporting Act (FCRA).

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Small banks need big data to maintain customer service edge

08/21/18

Community bankers take pride in their personal touch with customers, but they must extend it to mobile platforms. A good start is creating digital hubs that let customers view their full financial picture in one place, a chief technology officer says.

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FHFA halts program expanding GSEs' role in rental market

08/21/18

The agency said the market for larger rental investors may not need additional liquidity from Fannie Mae and Freddie Mac.

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Deal bolsters Eagle Bancorp's presence in north Montana

08/21/18

Eagle Bancorp Montana is gaining four branches and $94 million in deposits with its $19 million purchase of Big Muddy Bancorp.

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