Bankruptcy Blogs

Tax reform, improved credit quality spark profit at Bank of the Ozarks

01/16/18

The Arkansas company's net income topped $100 million for the first time, though it largely reflected the revaluation of its deferred tax liability.

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Bulldog FCU becomes first Maryland CU to offer legal pot banking

01/16/18

The Maryland credit union will offer business services to the medical cannabis industry.

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Credit score changes would saddle banks with risk to help nonbanks

01/16/18

Housing regulators should not adopt an alternative credit scoring model until the banking industry is on board.

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BofA tops IBM and payments firms with most blockchain patents

01/16/18

Bank of America Corp. may not be willing to help customers invest in bitcoin, but that doesn’t mean it isn’t plowing into the technology underlying the cryptocurrency.

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Citigroup plays up investor payouts once tax cuts spur profits

01/16/18

The bank plans to stick to its multiyear plan to pay out at least $60 billion in capital to shareholders even after booking a larger-than-forecast charge of $22 billion to adjust to the new tax regime

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JPM, Wells on divergent paths; Citi talks gender pay

01/16/18

The two banks' tax reform expectations differ as they move in opposite directions; bank bows to pressure to report pay discrepancies.

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Comerica rides rate hikes to 15% revenue growth in 4Q

01/16/18

Apart from a one-time adjustment for deferred taxes, the Dallas company strong gains in net interest income and meaningful improvement in all of its key performance ratios.

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CU fights to keep alive lawsuit against Trump’s CFPB pick

01/15/18

Lower East Side People's Federal Credit Union's case against the appointment of Mick Mulvaney as head of the CFPB turns on whether it has standing to sue.

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Exit, stage right: Key Republicans retiring this year

01/15/18

Of the more than 30 GOP lawmakers due to retire at yearend - a historically significant level of departures for a single election - several are important to banking policy.

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How the wave of GOP departures will affect banks

01/15/18

House Republicans are exiting Congress in droves ahead of the 2018 midterm elections and the stakes for the financial services industry could be significant.

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