Bankruptcy Blogs

Race to the bottom? Nonbanks ease standards to compete for 'super' jumbos

08/21/18

New investor appetite for mortgages over $1 million is motivating more nonbank lenders to offer super jumbo loans, often with weaker credit terms than traditional banks.

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Wells closes pro-pot pol’s account; impact of crytocurrency crash

08/21/18

The bank said the candidate planned to accept money from the medical marijuana industry; the crash in digital currency prices’ long-term consequences.

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Banks network to flag human traffickers

08/20/18

Bank of America and several other large U.S. financial services companies, as part an effort organized by the Thomson Reuters Foundation and Western Union, have published resources to help smaller banks spot signs of forced labor and kidnapping.

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SEC forces cities to reveal bank loans with holdings surging

08/20/18

The Securities and Exchange Commission moved to require states and local governments to disclose bank loans and privately placed debt, seeking to address concerns that bondholders are being left in the dark about a fast-growing segment of public finance.

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Can state AGs really serve as 'mini-CFPBs'?

08/20/18

Several states pledged to compensate for a slowdown in enforcement at the Consumer Financial Protection Bureau under Mick Mulvaney, but their efforts have been complicated by tight budgets and doubts over whether such initiatives are necessary.

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Pro-pot Florida candidate says Wells Fargo shut her account

08/20/18

A Florida politician who has run a pro-medical marijuana campaign said Wells Fargo closed her account over her ties to the industry, adding that the incident was an example of the challenges legal cannabis businesses face from the U.S. financial system.

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Citi buys into future of artificial intelligence — literally

08/20/18

Citigroup was so impressed after a two-year test drive of software from the AI vendor Anaconda it decided to invest in the firm.

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Lenders tread carefully in return to homebuilder finance

08/20/18

A number of banks have stepped up efforts to lend to residential developers, though they are mindful of missteps made before the financial crisis.

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JPMorgan hires BofA exec to lead midsize business banking in Calif.

08/20/18

In a newly created role, Tony Sciarrino will oversee middle-market bankers in more than a dozen offices across California.

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Fed's head of research to retire at year-end

08/20/18

As director of the Fed's Division of Research and Statistics, David Wilcox is responsible for briefing the Federal Open Market Committee on the outlook for the national economy.

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