Bankruptcy Blogs

Synchrony allays fears about rising credit losses

10/20/17

The store-branded credit card issuer reported that more borrowers fell behind on their payments in the third quarter. Still, net earnings were stronger than expected.

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An important milestone reached at Citizens Financial

10/20/17

The Providence, R.I., company surpassed its goal for return on tangible common equity that it had set for itself after its initial public offering.

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SunTrust overcomes mortgage slowdown with strong consumer loan growth

10/20/17

SunTrust’s yields have improved as it has increased its credit-card and student lending and made more online personal loans through its LightStream subsidiary.

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Customers Bank takes second shot at spinning off mobile bank unit

10/20/17

The Wyomissing, Pa.-based firm is forgoing cash offers in favor of a more complicated plan that involves spinning the unit off to shareholders, who will then trade their stakes for shares in a Clearwater,Fla-based community bank in a tax-free exchange.

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Jamie Dimon is right about cryptocurrencies

10/20/17

Cryptocurrencies will not gain widespread traction with corporations and governments as long as there remain crucial questions about their volatility, risk, volume and shadowy affiliations.

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Deposits, loans on rise at Associated Banc-Corp

10/20/17

The Green Bay, Wis., company's CEO predicted “mid-single-digit” annual loan growth after a third quarter that included a 10% increase in deposits and 4% rise in average loans.

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PayPal’s friendly quarter; Dangerous bubbles

10/20/17

Payments company reports double-digit increases in both profit and revenue; card company faces intense competition.

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Iberiabank to buy Gibraltar Private Bank in Fla. for $223 million

10/20/17

The Lafayette, La., company also reported its third-quarter earnings, which fell by more than 41% from a year earlier as it recorded several one-time charges.

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People's United reports higher profit that reflects recent acquisitions

10/19/17

The Connecticut company, which is nearing the threshold to become a systemically important financial institution, has bought three businesses in the past year.

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U.S. has too many banks: BB&T's Kelly King

10/19/17

Dramatic changes in the way banking services are delivered combined with slow economic growth has resulted in too many banks chasing too little business, said BB&T's CEO.

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