Bankruptcy Blogs

Warren's Mulvaney shot, B of A blowback and (more) CFPB: Top stories of the week

01/26/18

Elizabeth Warren takes acting CFPB director Mick Mulvaney to task over his decision on data collecting; B of A gets heat from harrassment reveal and free checking halt; and more.

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KeyCorp names finance exec as new chief diversity officer

01/26/18

Kim Manigault, who previously was chief financial officer for the company’s technology and operations organization, will be responsible for ensuring that Key continues to make diversity and inclusion a priority in hiring.

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Breakthrough: More women running banks’ legal departments

01/26/18

Most general counsels are men, but in 2017 women filled more than half of the top legal positions that opened up at large financial firms. The trend is likely to continue as the population of women lawyers swells and banks continue to diversify their senior ranks.

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Carlyle, Anchorage cash out of crisis-era bank investment

01/26/18

The private-equity firms, which invested in a predecessor to Union Bancshares in May 2010, sold their shares for a total of $301 million.

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B of A's brush with sexual harassment shows need for more openness

01/26/18

Bank of America employees force harassment charges against Omeed Malik out in the open, raising questions about how departures like his are handled. Plus, Jessica Chastain sets an example, and Larry Nassar's group of enablers needs to be made into one.

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Massive crypto hack highlights need for custody solutions

01/26/18

The Japanese cryptocurrency exchange Coincheck says roughly $400 million of the digital currency NEM was stolen. If banks and others are to invest in the digital-asset industry, it will have to do better.

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Blowback from B of A's halt to free checking spreads to Hill

01/26/18

Reps. Elijah Cummings and Jimmy Gomez, both Democrats, questioned why B of A would stop offering accounts that are popular with low-income consumers when it stands to reap huge financial benefits from recently passed tax cuts.

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B of A's brush with sexual harassment raises questions

01/26/18

Bank of America's got a lot going on, with the Omeed Malik drama and its gender pay gap announcement in the same week. Plus, Jessica Chastain sets an example, and Larry Nassar's enablers need to be made into one.

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Moynihan: '50-50 chance' next B of A CEO is a woman

01/26/18

Bank of America Chief Executive Officer Brian Moynihan said when he's ready to give up the job, the odds are split on whether his successor will be a woman.

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