Bankruptcy Blogs

Let the customer lead the way in cross-selling

02/15/17

The risk, complexity and psychological biases related to financial products make them ill-suited for push-based selling tactics. Instead, banks should use their digital channels to help customers decide what they want.

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Silicon Valley Bank, Xero partner on data sharing

02/15/17

The bank and cloud accounting platform will offer services to mutual customers via API.

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Biggest investor in Fla.’s Seacoast plans to slash stake

02/15/17

CapGen, once a vocal critic of management, will cut its holdings to as little as 3% of shares outstanding.

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There's no crisis in the auto loan market

02/15/17

Focusing on the rise of auto financing delinquencies ignores the bigger picture: loan volume has grown on all risk tiers and defaults are a natural part of the process.

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Bank stocks hit milestones; SoftBank to buy Fortress Investment

02/15/17

Stocks of big banks have now largely recovered from their financial crisis lows; the big Japanese tech and telecom company plans to buy the $70 billion asset manager.

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Jeb Hensarling's Alternative Facts

02/15/17
House Financial Services Committee Chairman Jeb Hensarling (R-Texas 5th) has an alternative fact problem. In a Wall Street Journal op-ed Hensarling alleged that "Since the CFPB’s advent, the number of banks offering free checking has drastically declined, while many bank fees have increased.
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Damage from scandal continues to mount at Lending Club

02/14/17

The San Francisco online lender reported a $32 million loss in the fourth quarter, which brought red ink for the full year to $146 million.

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What Would a CFPB Commission Have Done Differently?

02/14/17

Here’s the question CFPB commission proponents need to be able to answer convincingly:  what would the CFPB have done differently over the past five and a half years if it had been a commission, rather than a single director?  What supposed overreach would not have occurred?  

So, CFPB commission proponents, here's your chance. Comments are open.

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Secondary Offering Planned for Seacoast in Fla.

02/14/17

The bank and one of its investors are planning a sale of common stock that could help fund growth initiatives.

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Cooperative Bank of Cape Cod in Massachusetts names first female CEO

02/14/17

Lisa Oliver, who will also become the bank's president, previously ran the business banking division at KeyBank.

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