Bankruptcy Blogs

Calif. deal marks new phase for union-owned bank's expansion

12/19/17

Amalgamated in New York wants to enter several left-leaning cities across the country, but it might be tough to find more like-minded banks to buy.

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First Foundation in Calif. wastes little time lining up next bank deal

12/19/17

The company agreed to buy PBB Bancorp in Los Angeles just five weeks after completing its last bank acquisition.

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B of A adds new perk: Paid sabbaticals

12/19/17

Bank of America Corp. told investment bank employees they'll soon be able to take off up to an additional six weeks in a year — with pay.

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Will Treasury target data agency's independence?

12/19/17

The Trump administration has previously signaled that it wants to bring the Office of Financial Research under its control. Now it may have the opportunity to do so.

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MidwestOne in Iowa to record large 4Q loan-loss provision

12/19/17

The company will set aside more than $10 million, with most of the provision addressing an issue with a commercial loan.

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More responsibility for Wells retail chief; Bitcoin debuts on CME

12/19/17

Mary Mack adds mortgage and auto units to her already large portfolio; futures price dips but volume up compared to Cboe’s first day of trading.

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Dime in N.Y. lowers CRE concentration with multifamily securitization

12/19/17

The $280 million securitization is also expected to boost capital levels and lower Dime's loan-to-deposit ratio.

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Double duty: Wells' retail chief Mary Mack to head consumer lending

12/18/17

The executive tasked with reshaping Wells Fargo's embattled retail banking unit will now also be responsible for mortgage, auto and student lending.

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Israel’s biggest bank names new U.S. chief, pledges further expansion

12/18/17

Gabriel Hamani has been named CEO of BHI USA, the U.S. banking arm of Bank Hapoalim.

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Three looming worries for bankers in final tax reform plan

12/18/17

With tax reform close to the finish line, bankers are still clear winners from the compromise worked out between House and Senate negotiators. But the bill includes some caveats that might give institutions pause.

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