Bankruptcy Blogs

Amalgamated chief's goal after IPO: Create a nationwide bank

08/14/18

Keith Mestrich, who runs the union-founded bank, plans to use a more liquid stock to pursue acquisitions in cities such as Boston, Seattle and Los Angeles.

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Manafort turned to Kushner in bid to get banker a Trump job

08/14/18

Paul Manafort turned to Jared Kushner for help in an attempt to secure a Trump administration job for a Chicago banker at the center of Manafort’s fraud trial.

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Banks should do more to prevent renters from being displaced

08/14/18

Lending to problematic or serial evictors can cause people to be pushed out of their homes in the name of profits. Banks must adopt standards against this practice.

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Citi shuffles consumer unit; fintechs embrace subprime cards

08/14/18

Anand Selva, a long-time Asia hand, will head up U.S. consumer banking; several startups are backed by traditional card issuer veterans.

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Loans not subject to usury cap can still be illegal: Calif. high court

08/13/18

Judges say a CashCall loan may have fit the state’s definition of an “unconscionable” interest rate.

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Serial acquirer to boost New Mexico operations with latest deal

08/13/18

BayCom in Walnut Creek, Calif., would have a bigger presence in the Albuquerque area after buying Bethlehem Financial.

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Startup's mission: Help cash-strapped students finish college

08/13/18

It bothered Jeannie Tarkenton, founder of Funding University, that too many kids from lower-income families didn't graduate because they lacked just a few thousand dollars and couldn't get a loan.

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Wells Fargo was hit with more scandal. But does anyone care?

08/13/18

The bank continues to battle a series of negative headlines such as erroneous foreclosures, but public and investor reaction has been muted.

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The stock blip that changed a bank’s future

08/13/18

Guaranty Bancorp could have had a different owner if not for a suitor’s ill-timed stock hiccup that gave a rival the upper hand.

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HUD seeks to ease fair housing rule's burden on local governments

08/13/18

The Trump administration has argued that the Affirmatively Furthering Fair Housing rule, issued in 2015, was too prescriptive.

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