Bankruptcy Blogs

Inside Bank of the West’s partnership with U.C. Berkeley

08/22/17

To head off ethical concerns often raised by university-corporate partnerships, Bank of the West is not paying kickbacks for accounts. Instead it is cultivating student input and chipping in for scholarships, internships and emergency food assistance.

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Cheat sheet: What bankers need to know from FDIC's 2Q report card

08/22/17

The banking industry had mostly good news in the FDIC's Quarterly Banking Profile, with higher profits helped by interest income. But there were worrying signs too, including a big jump in credit card chargeoffs.

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A look at one bank's anachronistic effort to boost fee income

08/22/17

Bryn Mawr Bank has launched a mutual fund at a time when heightened competition and regulatory oversight are the norm.

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Silicon Valley 'systemically important,' World Economic Forum says

08/22/17

Financial institutions increasingly depend on large tech companies such as Google and Apple for infrastructure, said the group that runs the Davos conference, stopping well short of recommending regulatory changes.

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CIT puts $2.5 million into CDFI in Southern California

08/22/17

It is the largest equity investment that Clearinghouse CFDI has received in its two-decade history.

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Credit unions defend tax exemption in meeting with Mnuchin

08/22/17

The National Association of Federally-Insured Credit Unions defended the credit union tax exemption and called for other financial reforms during a meeting Tuesday with Treasury Secretary Steven Mnuchin.

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Keep CRA for fintech, but lose its geographic boundaries

08/22/17

Contrary to the view of some, technology has not rendered the Community Reinvestment Act obsolete. But everyone seems to agree that it should be reformed.

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Back-office bots: B of A offers businesses an accounts-receivable AI

08/22/17

Dubbed Intelligent Receivables and created in partnership with a fintech company called HighRadius, the service seeks to help companies match incoming payments with invoices.

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Arvest to buy Bear State Financial in Arkansas

08/22/17

Arvest agreed to pay nearly $400 million in cash for a bank with 42 branches in Arkansas, Missouri and Oklahoma.

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Interest income boosts banks' 2Q profit to post-crisis record

08/22/17

Higher net interest income and modest growth in expenses helped boost bank earnings by 10.7%, the FDIC said in its Quarterly Banking Profile.

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