Bankruptcy Blogs

OCC allows banks in Calf. to close branches in wildfire-hit counties

12/07/17

The fires are raging in Los Angeles and Venture counties, prompting a state of emergency by California's governor.

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Fed opens black box on stress tests (but not too far)

12/07/17

The Federal Reserve Board on Thursday proposed to give banks more insight into portfolio performance under its stress testing models in an effort to help banks better understand the Fed’s methodology.

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Some lenders stand to gain as others leave auto niche

12/07/17

As some lenders exit indirect auto lending, those that stick around have an opportunity to control pricing and reach more customers.

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Fed faulted for failing to do more to prevent regulatory capture

12/07/17

The central bank should take new steps to ensure that examiners do not become too cozy with the big banks they supervise, a government watchdog said.

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N.J. mutual plans to raise millions with partial conversion

12/07/17

Columbia Financial will sell about 43% of its stock in a public offering that could raise up to $493 million.

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Global regulators agree on capital ‘floor’ for remaining Basel rules

12/07/17

The new standards are aimed at reducing the variability between regulatory treatments of risk-weighted assets.

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WSFS Financial, SoFi to offer cash management account

12/07/17

The Delaware bank will process payments and provide debit card sponsorship services for SoFi Money, which is set to debut next year.

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HSBC joins corporate partnership at MIT

12/07/17

HSBC Bank is joining the Massachusetts Institute of Technology’s Industrial Liaison Program as part of a broader effort to invest more in technology, data and analytics.

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U.S. cracks down on firms making predatory mortgages to veterans

12/07/17

The U.S. is taking steps to stamp out the practice of servicemembers and veterans being pressured into taking mortgages they don't need, a move that officials say will lower consumer costs and could lead to financial penalties for lenders.

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How to tell if a fintech startup will succeed

12/07/17

Jon Zanoff, managing director of Barclays New York Accelerator, has been coaching fintech startups for decades. He offers tips on how to make it as a fintech startup and run an effective accelerator.

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