Bankruptcy Blogs

After the storm: The impact of recent hurricanes

01/04/18

American Banker comprehensively covered the impact hurricanes Harvey, Irma and Maria had on banks and their customers, including on-the-ground reporting and analysis.

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ES Bancshares in N.Y. raises capital to fund Brooklyn expansion

01/04/18

The company, which sold about $3 million in stock through a private placement, also plans to add branches on Staten Island.

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Double-booking glitch at Capital One a red flag for all banks

01/04/18

Customers saw transactions recorded multiple times and experienced drained accounts and long hold times. It’s a warning to all financial institutions as they head further into mobile-only banking — glitches are more visible and painful and need to be addressed faster than ever.

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For banks, DOJ reversal on pot will have 'chilling effect'

01/04/18

Attorney General Jeff Sessions’ decision to rescind an Obama-era directive that helped foster the marijuana sector’s growth raises new risks for banks and credit unions that do business with growers and dispensaries.

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Citibank fined $70M for failing to fix BSA deficiencies

01/04/18

The OCC said Thursday that the bank has yet to fully meet the conditions of a 2012 consent order requiring it to address problems in its Bank Secrecy Act and anti-money-laundering compliance programs.

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For housing market, tax reform is a wrench in the works

01/04/18

The recently enacted tax reform bill is likely to encourage more consumers to rent instead of buy and tamp down on the rapid rise in home prices.

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Tech threatens to further commoditize banking, First Horizon chief warns

01/04/18

Banks, especially smaller institutions, will be forced to find more ways to differentiate, Bryan Jordan said in an interview that also covered his company's recent purchase of Capital Bank and how tax reform will immediately stimulate the economy.

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Ex-regulator, cybersecurity expert join PNC board

01/04/18

In adding Martin Pfinsgraff, until recently the OCC's deputy comptroller for large-bank supervision, and retired Air Force Brig. Gen. Linda Medler, a cybersecurity expert, the regional bank says it is trying to build a board with expertise in fields of timely interest.

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Don’t forget your top performers during times of change

01/04/18

Banks are working hard to reshape their businesses to meet new demands, but leaders must be careful not to alienate their best workers in the process.

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Can blockchain technology revive peer-to-peer lending?

01/04/18

The people-helping-people model proffered by LendingClub and others quickly foundered, but several startups aim to bring it back with the help of distributed ledger technology.

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