Bankruptcy Blogs

United Financial in Conn. to enter new markets with branch purchase

05/22/18

The company will snag its first branches in three towns in Connecticut and Rhode Island after buying locations from Webster Financial.

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Fraud case against Barclays dismissed; U.S., Canada crack down on ICOs

05/22/18

A British court throws out Serious Fraud Office charges that the bank conspired with Qatari investors to prop it up; investigators open 70 cases against potentially fraudulent cyber deals.

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FB Financial chairman ceding majority ownership with stock sale

05/22/18

James Ayers' stake in the Tennessee company will drop below 50% after a planned stock offering.

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Hanmi is latest acquirer to buy a bank in Houston

05/22/18

The Asian-American bank agreed to buy SWNB Bancorp for $77 million.

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The many ways banks are using blockchain

05/21/18

From international payments to trade finance deals, banks are increasingly exploring uses of distributed ledger technology in a number of ways.

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CFPB signals pullback on discrimination cases

05/21/18

The CFPB is looking to rescind Obama-era policy that allowed it to punish banks and financial firms for unintentional discrimination.

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Wells Fargo to increase car lending, growing wary of CRE: Sloan

05/21/18

CEO Tim Sloan said that the bank has "pulled back enough" on auto lending and is poised to grow the business again.

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First Midwest shuttering branches, cutting jobs in efficiency effort

05/21/18

The Chicago company will close 19 branches and eliminate 150 jobs, partially reflecting changing customer preferences.

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Proxy fight at HomeStreet rejected on technicality

05/21/18

An effort to oust two directors at the Seattle company was nullified after the investor failed to seek the required approval from the bank's state regulator.

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Does Fifth Third's merger math add up?

05/21/18

The high multiple Fifth Third is paying for MB Financial raises questions about whether it can cut enough costs, realize enough growth and win over skeptical investors.

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