Bankruptcy Blogs

Pressure mounts on banks to address gender pay gap

12/19/17

A new U.K. rule requiring firms to disclose their pay practices, combined with the increased attention on women's workplace issues in general, is forcing banks and other companies to be more forthcoming about what they are paying female employees.

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Regulators approve big banks’ living wills — with a warning

12/19/17

The Federal Reserve and Federal Deposit Insurance Corp. identified shortcomings with the living wills of Wells Fargo, Bank of America, Goldman Sachs and Morgan Stanley, even as they gave them and the remainder of the eight biggest banks a pass.

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Final tax reform bill passes House, now moves to Senate

12/19/17

The House vote moved a sharp reduction in the corporate tax rate for banks and other businesses to within a few steps of becoming law.

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Ripple adds Morgan Stanley veteran to board of directors

12/19/17

The blockchain startup continues to pack its board with mainstream finance experts.

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CFPB's Mulvaney scraps survey for debt collection plan

12/19/17

The Consumer Financial Protection Bureau on Tuesday withdrew a plan to conduct a web survey for its debt collection proposal while acting Director Mick Mulvaney reviews the rulemaking.

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IRS scrambles to clear ‘clogged drain’ slowing mortgage applications

12/19/17

Top officials at the Internal Revenue Service met with mortgage industry groups this week to discuss possible fixes to the agency’s verification system, which lenders rely on to process mortgage loans.

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The top tech priorities for banks in 2018

12/19/17

Key efforts for banks include developing AI applications, adding fintech allies and strengthening cyberdefenses.

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Fed approves change-in-control application against wishes of Minn. bank

12/19/17

The Fed approved an application giving Natcom Bancshares indirect control over Republic Bank, refusing to take into account claims the transaction imperils the target's S corporation status.

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10 who had a good year in 2017

12/19/17

This year has been very good to regional banks, bitcoin investors and several bank CEOs who pulled off big deals or successfully refined business models.

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FDIC budget has fallen by nearly half since 2010

12/19/17

The Federal Deposit Insurance Corp. approved a $2.09 billion budget for 2018, a 3% reduction from 2017, with cuts to receivership funding and nonpermanent staff.

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