Bankruptcy Blogs

The future of faster payments is collaboration

03/16/17

The industry has made great strides in faster payments over the past year. Even more cooperation among stakeholders will be needed in the year ahead.

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Wells CEO pay revealed; Wall Street bonuses rise

03/16/17

CEO Timothy Sloan earned nearly $13 million last year in base pay and stock; Wall Street bonus pool rises from 2015 but still lags the years before the crisis.

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ShopKeep buys ChowBot to focus on restaurant payments

03/16/17

Mobile point of sale vendor ShopKeep has purchased ChowBot, an online order-and-pay software tool for restaurants, with plans to broadly integrate the new feature into its services for small businesses.

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Is Citi out of step in a Trump world? No, says Corbat

03/15/17

Citigroup CEO Michael Corbat stuck up for his embattled retail unit in Mexico, downplaying concerns that protectionist White House policies may harm the subsidiary or the overall company's global strategy.

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Wells Fargo defends decision to keep KPMG as its auditor

03/15/17

The auditing giant has faced heavy criticism for failing to uncover wrongdoing at Wells. But the San Francisco megabank said Wednesday that it wants to maintain a relationship that goes back decades.

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Canada banks under review on report of high-pressure tactics

03/15/17

The Financial Consumer Agency of Canada will review the business practices of the country's banks after reports of tellers allegedly pressuring customers to buy products to meet sales goals.

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Banks to Trump: Spare affordable housing programs

03/15/17

Bankers and housing advocates say many low-income housing projects simply won't get built if the White House and Congress move to eliminate two federal block grant programs.

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Here comes the new wave of de novos

03/15/17

Numerous investor groups have submitted applications in recent months to open new banks. While far from a surge, the filings show that bankers are warming up to the idea of new charters. Here is a look at many of those efforts.

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Yellen unsure what Glass-Steagall would look like today

03/15/17

Fed Chair Janet Yellen cast doubt on the administration’s call for a reinstatement of a Depression-era barrier between commercial and investment banking activities.

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Tracking the detractors: How U.S. Bank keeps tabs on review sites

03/15/17

U.S. Bank has gone from monitoring Yelp to working with the technology firm ReviewTrackers to monitor customer comments on 23 sites.

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