Bankruptcy Blogs

Seven banks said to be focus of Mexico bond collusion probe

05/16/17

Authorities are said to be investigating whether market makers — including three U.S. banks — suppressed prices to get higher yields on the bonds.

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Ten questions for Philadelphia Fed President Patrick Harker

05/16/17

In an extensive interview, Philadelphia Fed President Patrick Harker talks about the challenges facing community banks, the biggest threat to the financial system and the possibility of interest rate hikes later this year.

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Four things to watch during Mnuchin’s first Banking Committee hearing

05/16/17

Treasury Secretary Steven Mnuchin is expected to face tough questions on the OCC, Glass-Steagall and housing finance reform when he testifies on Thursday.

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Lending Club hires PayPal exec as president

05/16/17

Steve Allocca is expected to play a key role in the online lender’s efforts to restart loan growth.

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B of A gives its bot time to become a banker

05/16/17

Bank of America is giving its 'erica' chatbot more time to learn the nuances of language and banking basics. A profanity filter is one recent addition.

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Dimon defends his role as Trump adviser

05/16/17

JPMorgan Chase's chief caught a lot of Trump blowback at its annual meeting but refused an activist investor's challenge to step down from the president’s council on jobs.

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More than 150 law professors defend CFPB

05/16/17

A House Republican bill would allow lax lending standards to creep back into the financial system by gutting the CFPB, according to a letter from 158 law professors and scholars.

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Democrats target GOP deregulation tool in new bill

05/16/17

Democrats in the House and Senate introduced a bill Tuesday that would get rid of an obscure legislative process that has handcuffed rulemakings from the Consumer Financial Protection Bureau and other regulators.

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Banks need to stop keeping COBOL on life support

05/16/17

Banks have resisted the need to switch their core systems, but how long can a financial institution continue to operate on a foundation of dust?

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Sandy Spring to add heft in northern Va. with WashingtonFirst deal

05/16/17

The Maryland company agreed to pay $489 million in stock in a deal that is expected to close in the fourth quarter.

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