Bankruptcy Blogs

The end of ‘In Gary We Trust’: Cohn’s departure a blow to banks

03/06/18

The resignation of National Economic Council Director Gary Cohn costs banks a top ally in the Trump administration and will likely further slow agency appointments.

[more]

RBS tally for RMBS settlements reaches $6 billion

03/06/18

Royal Bank of Scotland Group has agreed to pay $500 million to the state of New York after a $5.5B agreement last year with the FHA, and another probe is pending.

[more]

Early glimpse of banks' 1Q isn't exactly pretty

03/06/18

Deposit prices are starting to rise, deposit growth is slowing, commercial loan growth remains tepid (with some exceptions) and concerns are mounting about the economic toll of U.S. trade policy, bank executives said just a few weeks ahead of the end of the quarter.

[more]

Agency proposes giving FHLBs more latitude on affordable housing funds

03/06/18

The Federal Home Loan banks could "design and implement" their own system for deciding how to allocate resources for affordable housing initiatives under the proposal by the Federal Housing Finance Agency.

[more]

Initial coin offerings likely need to heed bank secrecy rules

03/06/18

Issuers and investors in initial coin offerings for digital coins appear to have something else to worry about besides the increased scrutiny of regulators.

[more]

Impaired loan forces Chemung in N.Y. to report 4Q loss

03/06/18

The company received bad news about the commercial loan after it reported a narrow profit in mid-February.

[more]

Citi developing digital-only bank, CFO says

03/06/18

Citigroup plans to launch an online bank that will be marketed nationally. It is one of several large companies with an online bank or niche platform in operation or on the drawing board.

[more]

Banks want in on tax reform plan to spur investment in distressed areas

03/06/18

Banking and affordable housing advocates are encouraged by a provision in the tax reform legislation that could increase investment in underserved communities by allowing investors to defer capital gains taxes when they reinvest in federally chartered Opportunity Funds.

[more]

Why North Carolina is de novo central

03/06/18

Two groups have announced plans to open banks in the state, and several others have had talks with regulators. Is there room for more?

[more]

How immigrants are driving digital transformation of U.S. remittances

03/06/18

WorldRemit's ambitious goals for its U.S. payment operations say a lot about how immigrants here are changing as customers — they’re digitally savvy, connected and mobile-ready.

[more]