Bankruptcy Blogs

Asset inflows, higher rates push BNY Mellon profit higher

07/19/18

Assets under custody and administration surged to a record high of $33.6 trillion, the trust bank said in its second-quarter report.

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CFPB fines Alabama lender but suspends most of penalty

07/19/18

The bureau determined that Triton Management Group had unfairly charged Mississippi consumers excess interest in violation of state law.

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Bank CEO's fire-and-rehire maneuver reaps windfall at taxpayer expense

07/19/18

A multimillion-dollar deal between Chicago Mayor Rahm Emanuel and Stephen Calk, the man who would later become Paul Manafort's banker, was supposed to deliver 400 new jobs to the city. Here's what really happened.

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Pacific City Financial in Calif. plans IPO

07/19/18

The Los Angeles company, which focuses on Korean-Americans, aims to raise $50 million.

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Walmart's pay-advance app Even used by 200,000 employees

07/19/18

About 15% of Walmart’s workforce is budgeting and taking pay advances through the app.

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A better way to assess disparate impact

07/19/18

Debates on the issue often focus on how lending decisions affect certain demographic groups, but those analyses tend to ignore an important factor: default rates.

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Fifth Third profits rise despite ongoing fee pressure

07/19/18

An uptick in lending helped to offset declines in both service charges and mortgage banking fees at the Cincinnati company.

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BB&T warns of slower revenue growth in second half of '18

07/19/18

A tempered forecast overshadowed solid second-quarter results at the North Carolina regional bank.

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Fee income, cost control boost KeyCorp's quarterly profit

07/19/18

The Cleveland company reported higher investment banking income and kept many expense items in check during the second quarter.

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Elevate Credit introduces a subprime credit card

07/19/18

The Fort Worth, Texas, company will be competing in a segment of the U.S. card market that has grown more competitive in the last few years.

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