Bankruptcy Blogs

Capital One's $17B mortgage sale paves way for stock repurchase

05/08/18

Capital One Financial Corp. plans to repurchase shares following the sale of $17 billion in mortgages to a Credit Suisse subsidiary.

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House caves, will move ahead on Senate reg relief bill

05/08/18

Speaker Paul Ryan said the House will vote on Dodd-Frank reform legislation that originated in the Senate, but additional House reg relief measures are still on the table.

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Cohn says starting 'digitized' bank one option for next job

05/08/18

Gary Cohn, the former director of the White House Economic Council, said he's still weighing options for his next role but one possibility is a digital bank.

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OnDeck swings to loss, but loan demand surges

05/08/18

The online business lender would have reported its second straight quarterly profit if not for one-time costs tied to layoffs and lease terminations.

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BMO Harris kicks off annual fintech accelerator program

05/08/18

The program has expanded to seek startups in Chicago and Wisconsin for mentoring and potential partnerships.

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CFPB's payday rule cuts states off at the knees

05/08/18

The agency’s rule restricting short-term loans ignores state discretion and harms needy borrowers, argues Louisiana’s attorney general.

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Credit card use hits all-time high, and debt highest in years

05/08/18

About 175 million Americans now have access to a credit card, and the delinquency rate has gone up along with that, but an expert at TransUnion, which issued the data Tuesday, said the underlying metrics suggest there is no cause for alarm — yet.

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Five Star parent expands wealth management business with upstate N.Y. deal

05/08/18

Financial Institutions agreed to buy HNP Capital, a wealth management firm near Rochester.

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ValuAct’s Citi stake; SEC commissioner leaving

05/08/18

Hedge fund apparently likes the bank’s corporate services business; Michael Piwowar is credited with “jump-starting” the agency’s deregulatory push.

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Jumbo loans at heart of mortgage expansion for Customers Bancorp

05/08/18

Lorie Shannon, recruited from SunTrust, will oversee a strategy that features large, non-QM mortgages in key markets.

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