Bankruptcy Blogs

Wells Fargo is said to discuss sale of its asset-management arm

10/23/20

Wells Fargo is exploring the sale of its asset-management unit, a business that could fetch more than $3 billion, according to a person briefed on the matter.

[more]

Goldman to pay $3 billion to settle 1MDB charges; HUD rule challenged

10/23/20

The bank is also taking $174 million in pay from executives, including its current and former CEOs; civil rights groups say the new rule will make it harder to prove housing discrimination.

[more]

Google, IBM rush to sell banks cloud software

10/22/20

As the pandemic speeds digital adoption at financial institutions, the technology giants are pitching products that scan in data from mortgage documents and provide security and compliance controls used by in-house tech developers.

[more]

Municipal finance in the age of COVID-19

10/22/20

Kicking off its Rising Stars Week, The Bond Buyer announces the 2020 class and sits down with three newly-minted members to discuss the muni market's adaptation to and recovery from pandemic-driven challenges.

[more]

DigMo 2020: The Importance of Agility in an Uncertain Time

10/22/20

When both origination and forbearance demand spiked in the early weeks of COVID-19, quick thinking lenders were able to leverage their expertise and tech stacks to respond quickly.

[more]

4Q will be commercial real estate’s big reveal, M&T says

10/22/20

Many of the Buffalo, N.Y., bank’s commercial loans have exited forbearance granted in the early days of the pandemic — except hospitality and retail, which were given longer dispensation.

[more]

CFPB developing proposal on who can access customer data

10/22/20

The rulemaking is expected to draw enormous interest from both banks and third-party fintech providers.

[more]

Credit unions are losing ground with small business members

10/22/20

Institutions that cling to outdated lending tools run the risk of being left behind by commercial clients who are barraged with opportunities to borrow faster and more conveniently.

[more]

What Wells Fargo’s exit from student lending means for competitors

10/22/20

With the sector facing serious headwinds — from declining enrollment during the pandemic to the prospect of a Biden administration making college free for many families — the departure of a major player could be a shot in the arm for the likes of Discover and Sallie Mae.

[more]

CFPB staff shake-up seen hampering investigations

10/22/20

The agency’s consolidation of supervision and enforcement policy into one office could compromise the independence of those deciding when to investigate alleged wrongdoing by banks and others, critics of the move say.

[more]