Bankruptcy Blogs

JPMorgan said to weigh offering CME bitcoin futures to clients

11/21/17

Bitcoin’s eight-fold surge in value this year is forcing Wall Street banks to balance clients’ interest in speculating on the cryptocurrency with executives’ skepticism about its future.

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Ex-banker's acquittal elicits shouts of joy as U.S. stumbles

11/21/17

The trial of Stefan Buck was an unusual courtroom showdown in the decade-old fight by the U.S. against tax evasion aided by financial institutions in Switzerland.

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Fed interest payments to banks are here to stay, Yellen says

11/21/17

Federal Reserve chair Janet Yellen said interest on bank reserves should remain the central bank’s primary monetary policy tool

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Uber concealed cyberattack that exposed data on 57M people

11/21/17

Hackers stole the personal data of 57 million customers and drivers from Uber Technologies, a massive breach that the company concealed for more than a year.

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Ripple adds former NYDFS head to board of directors

11/21/17

The digital-currency startup, which markets software to banks, appears keen to signal that it wants to play by the rules.

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Seeking bigger U.S. presence, Barclays joins crowded online lending market

11/21/17

The British banking giant has been testing its new online lending platform with a handful of its U.S. customers and plans to roll it out in full force next year. It's all part of a broader effort to expand its U.S. consumer business beyond credit cards.

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CFPB orders Citi to pay $6.5M for student loan failures

11/21/17

The Consumer Financial Protection Bureau on Tuesday ordered Citibank to pay $6.5 million in consumer relief and penalties for student loan servicing failures.

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Cordray urges CEOs to give consumers more control over payments, cards

11/21/17

A week before he is due to resign, CFPB Director Richard Cordray sent a letter to 29 CEOs at banks, credit unions and other financial companies, urging them to help consumers exert more control over credit cards, debit cards and other payment methods.

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Flagstar has survived — now it must reinvent itself

11/21/17

The Michigan company, which lost more than $1.4 billion in the aftermath of the financial crisis, is trying to become more of a commercial lender. It recent agreement to buy a deposit-rich franchise in California could help it get there.

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BMO Financial fills new chief digital officer role

11/21/17

Brett Pitts joins from Wells Fargo, where he most recently was executive vice president and group head of digital.

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