Bankruptcy Blogs

Why banks should care about ‘ambient’ computing

04/12/18

Dominic Venturo, chief innovation officer at U.S. Bank, shares his vision for digital banking ten years from now. It includes ambient computing – interconnected devices, machines and sensors that are sensitive and responsive to the presence of people.

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Flush with cash, Canada banks poised for expansion and takeovers

04/12/18

The country's six largest lenders are approaching their strongest capital position since 2013, leaving them with enough resources to pursue acquisitions, buy back shares or build from within. That has the chiefs of Canada's big banks weighing options.

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Fee income drives earnings growth at Commerce Bancshares

04/12/18

The Kansas City, Mo., company also benefited from higher yields on its loans and flat funding costs.

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Mulvaney backs group-run CFPB; another capital relief plan

04/12/18

Acting director wants agency run by a bipartisan body, not a lone director; Fed and OCC push for relaxing the supplementary leverage ratio at the biggest banks.

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A $100 cash advance for free? One firm is trying the idea

04/12/18

Oportun, a consumer lender that focuses on Latinos, is rolling out a product designed to combat overdraft fees.

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Former Webster CEO Smith decides against run for Connecticut governor

04/11/18

James Smith said his late enrollment in the state’s Republican Party meant he would be ineligible to be a candidate in its August primary and that he did not want to disrupt the nomination process.

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Florida bank to be sold as part of bankruptcy process

04/11/18

Beach Community Bank in Fort Walton Beach will be sold for $100 million once its holding company goes through bankruptcy, according to a local news report citing the bank.

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JPMorgan sued over 'sky-high' fees for cryptocurrency buys

04/11/18

JPMorgan Chase was sued for charging "sky-high" interest rates and fees to customers who used their credit cards to buy cryptocurrencies such as bitcoin.

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Fed, OCC back proposal to ease big-bank capital measure — without FDIC

04/11/18

The agencies proposed changes to the way they apply a capital backstop to the largest systemically important firms, replacing a static leverage ratio with a more dynamic ratio that takes each bank’s risk profile into account.

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House Dems to Mulvaney: Where are the enforcement actions?

04/11/18

In his first of two Capitol Hill hearings this week, Democrats hammered the acting director of the Consumer Financial Protection Bureau for ignoring what they view as the agency's core purpose.

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