Bankruptcy Blogs

Fed faces pro-diversity uproar on report of Williams' N.Y. nod

03/26/18

The Federal Reserve is facing a backlash over its lack of diversity in key positions after it emerged this weekend that John Williams, the current president of the San Francisco regional branch, is a front-runner to succeed William Dudley as head of the powerful New York Fed.

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Malware mastermind who rigged ATMs to spew cash caught

03/26/18

The mastermind behind malware attacks that programmed ATMs to spit out cash on demand and caused more than 1 billion euros ($1.2 billion) of losses has been arrested in Spain.

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John Williams on N.Y. Fed radar; Wells revamps risk management

03/26/18

San Francisco Fed chief is reportedly leading candidate to replace Dudley in New York; four senior officers to retire as OCC readies penalties against the bank.

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Small banks pool their subordinated debt to reassure investors

03/26/18

An affiliate of the private-equity firm Angel Oak is packaging bank-issued sub debt to minimize risk for bondholders. It recently completed its first securitization and has plans to issue two deals a year.

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What’s driving the push for more public banks?

03/25/18

Only North Dakota has its own state-owned bank, but policymakers in other states say more public banks are necessary to fully meet society's needs. Among those who proponents say would benefit the most: small-business owners and legal marijuana suppliers and distributors.

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DOJ pot crackdown has yet to hit banks

03/23/18

Attorney General Jeff Sessions made headlines in January when he tightened federal marijuana enforcement. But the good news for financial institutions looking to service the pot industry is that the rest of the government has responded with a shrug.

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Wells Fargo risk-management leaders are said to leave in revamp

03/23/18

Wells Fargo announced changes to its risk-management leadership this week as some executives plan to retire, according to a person familiar with the situation.

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Battered banks suffer their worst week in more than two years

03/23/18

Bank stocks just took a huge beating. The KBW Bank Index plunged 8 percent this week, its worst showing since January 2016.

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Small N.C. bank dealt legal blow in effort to block hostile takeover

03/23/18

A judge in North Carolina granted a request by First Citizens to block KS Bancorp from enacting a shareholder rights plan.

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SunTrust's CIO, CRE bridge lending and Amazon's long shadow: Top stories of the week

03/23/18

SunTrust's new IT chief preaches collaboration; will CRE securitizations return to haunt?; Amazon here, there and everywhere; and more.

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