Bankruptcy Blogs

U.S. Bancorp's Cecere begins to shape leadership team

04/26/17

Kate Quinn, one of American Banker's 25 Women to Watch in 2016, was given expanded duties, and consumer banking chief Kent Stone will retire.

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Dems reject capital-for-deregulation trade

04/26/17

Democrats drew a line in the sand Wednesday, opposing a provision in a GOP bill that would allow banks to comply with fewer rules in exchange for holding more capital.

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Credit card losses climb as consumers take on more debt

04/26/17

All six big card issuers reported higher chargeoffs in their credit card businesses, a sign that the post-crisis era of exceptionally strong credit performance has run its course.

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Trump outlines tax priorities, but keeps details vague

04/26/17

Administration and leaders in Congress support some common principles that could help banks.

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Courts are new weapon of choice for banks looking to shift policy

04/26/17

Financial services companies and groups are increasingly willing to take the regulatory regime to court in an effort to fight back — and so far, they appear to be succeeding.

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New Museum of Failure

04/26/17

A new Museum of Failure in Sweden stands as a tribute to the notion that failure is just an opportunity for learning, powering growth and future innovation. I thought no group could appreciate that as much as Credit Slips readers. Europe is still in the process of shaking off its ages old stigma with respect to failure, especially in the context of individual entrepreneurialism.

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Data aggregator Quovo raises $10M in growth funding

04/26/17

The funding comes as the financial services industry continues to search for safer ways for customers to share their account data with third-party apps.

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CFPB hits auto loan servicer for $2.4M

04/26/17

The Consumer Financial Protection Bureau ordered an auto loan servicer on Wednesday to pay $2.4 million for failing to live up to the terms of a 2015 consent order.

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M&A imperative: Get regulators on board or no deal

04/26/17

The biggest bank M&A agreement of the year might not have happened if the buyer, Sterling Financial, had refused to prove to Astoria Financial that it had thoroughly vetted the deal with regulators.

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CRE expansion pays off at Valley National

04/26/17

Growth in commercial real estate loans is a big reason the New Jersey bank had a strong quarter.

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