Bankruptcy Blogs

Fed orders Santander to strengthen oversight of its subprime auto lender

03/23/17

The regulator said that Santander has not made sufficient progress in complying with a 2015 enforcement order.

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Fifth Third investing $112 million on five-year network upgrade

03/23/17

A faster network is letting the regional bank bring new technology into its branches and share data with fintech partners via APIs.

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Citigroup to close most London outlets on internet-banking focus

03/23/17

Citigroup plans to close three of its four London branches as the company seeks to cut costs and focus on digital services.

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GSE common securitization plan delayed to 2019

03/23/17

Implementation of the second phase of the common securitization platform had been projected for next year, but the anticipated time frame was delayed following "lessons learned" from the first phase.

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When four is a charm in bank M&A

03/23/17

It took several offers for First Busey to seal a deal to buy First Community Financial Partners, and the details in a recent public filing of the back and forth between the two Illinois banks show how patience in merger negotiations is a must.

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Seven banks vying to create the branch of the future

03/23/17

At a time when customers are rapidly switching to digital banking, scores of branches are closing. But many institutions — mindful that brick-and-mortar locations remain a critical sales channel — are also experimenting with physical layouts that are focused on technology and generally smaller than traditional branches. In some cases, they have even done away with employees. Here is a look at some of the designs that banks have built as they seek to fuse the physical with the digital.

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Accenture buying First Annapolis to boost payments expertise

03/23/17

Accenture has agreed to acquire First Annapolis Consulting in an effort to add payments expertise in several international markets.

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CFPB's prepaid card rule could open the door to rampant fraud

03/23/17

Card issuers are sounding the alarm about the Consumer Financial Protection Bureau's final prepaid rule, claiming that without fixes the agency has opened the door to potential fraud on unregistered cards.

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Speaking 'male' and earning 'male' (aka 'goals')

03/23/17

B of A's Cathy Bessant and Michelle Moore have a few suggestions for women who want to advance and RBC's Janice Fukakusa sets a new pay benchmark for female executives. Plus, Bank of the West's Nandita Bakhshi and Citi's Yolande Piazza.

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