My community was recently rocked by two businesses who were suddenly in Chapter 7 bankruptcy with unhappy clients and customers. Chapter 7 bankruptcy for business is a very different process than when people file for
With interest rates rising, corporate tax rates declining and regulatory relief likely on the way, now is actually a pretty good time to be a bank. That could be why sellers are holding out for more.
More than 50 amendments had been filed by Wednesday afternoon to be considered as part of a Senate regulatory relief bill, but it was unclear which proposed changes if any have the approval of the legislation's key sponsors.
The Golden Contract Coalition, formed in mid-2016 to get community banks better deals with the “big three” core systems vendors, said banks need help with buying from fintech sellers as well.
Howard Bancorp and Bryn Mawr Bank are trying different approaches to reach out to underserved markets they’ve entered via acquisitions. Creative in-house initiatives may take on added importance as regulators move to "dial back" Community Reinvestment Act rules.
Comptroller of the Currency Joseph Otting will bow out of certain regulatory matters involving CIT and U.S. Bank, where he held leadership roles, and three others.
As financial institutions find themselves at the center of political fights on topics like energy financing, marijuana and guns, they should avoid caving in to activist demands.
The Consumer Financial Protection Bureau issued a request for information Wednesday about certain "discretionary aspects" of the bureau’s rulemaking processes that are not already required by law.
Even as Congress and the Trump administration move to ease post-crisis banking rules they say have gone too far, there's still evidence a central problem of the last crisis hasn't been fixed.
