Bankruptcy Blogs

Amazon Web Services says it's working to repair disruption

02/28/17

Amazon.com's cloud-computing service was beset by "high error rates" on parts of its S3 data-storage system, disrupting many internet sites and mobile applications that rely on the company for their online presences.

[more]

Warren Buffett sharpens criticism of ex-Wells CEO Stumpf

02/28/17

Billionaire investor Warren Buffett said Wells Fargo made "a huge mistake" in the way it handled the phony-accounts scandal, and he laid the blame more forcefully than ever on former Wells CEO John Stumpf.

[more]

Lawmakers agree reg relief needed, but path forward unclear

02/28/17

Lawmakers voiced bipartisan support for regulatory relief during the Credit Union National Association government affairs conference on Tuesday, arguing that small financial institutions have had to bear the brunt of too many regulations.

[more]

House Democrats optimistic about pot banking bill despite Trump objections

02/28/17

Democratic lawmakers in favor of legitimizing marijuana business are not being discouraged by the Trump administration's comments indicating it may pursue a federal crackdown in states where pot is legal.

[more]

Even JPMorgan couldn’t bigfoot the middle market

02/28/17

The largest U.S. bank’s yearslong effort to do more business with midsize commercial firms has progressed in fits and starts but never met expectations. More patience will be required, but executives say the payoff could be sooner rather than later.

[more]

Cloud-based ClearBank to launch in U.K. to challenge legacy payments

02/28/17

Financial services providers and fintech startups in the U.K. will soon have another bank to work with to gain access to the country's payment systems and core banking technology — and potentially save money in doing so.

[more]

Take the Pokemon Go approach to bank sales

02/28/17

It is a fallacy that customers respond only to monetary rewards. Banks should use psychological rewards to drive digital product sales just as popular mobile apps do.

[more]

The good and bad signs in FDIC's 4Q report card

02/28/17

Banks had a largely positive fourth quarter, but the Federal Deposit Insurance Corp. still saw signs of concern ahead, including slower overall loan growth.

[more]

Give all creditworthy borrowers mortgage loans, regardless of race

02/28/17

Biased housing finance practices perpetuate the wealth gap between whites and communities of color.

[more]

Mike Mayo seeks work; Prosper gets funding

02/28/17

The longtime bank analyst is one of many who lost their jobs when CLSA shut its U.S. equity research unit; marketplace lender forms group to buy $5 billion of loans

[more]