Bankruptcy Blogs

End of an era: Citi CEO says 'restructuring is over'

01/18/17

Michael Corbat told analysts Tuesday that Citi will no longer report Citi Holdings, its erstwhile "bad bank," as a separate entity.

[more]

Riverview Financial in Pa. to sell $17M in stock

01/18/17

The company is selling common and preferred stock in a private placement.

[more]

KleinBank in Minn. girds for fight over redlining claims

01/18/17

The Justice Department claims the bank, which has received “satisfactory” ratings in its last four CRA exams, is failing to serve minority neighborhoods around Minneapolis.

[more]

Bear State Financial in Ark. promotes millennial as its new CEO

01/18/17

Matt Machen, who previously served as the company’s president, has been at Bear State since 2011.

[more]

Spat between CFPB, GOP intensifies with auto lending report

01/18/17

A House Republican report, charging that Consumer Financial Protection Bureau Director Richard Cordray "may have broken the law" when the agency cracked down on auto lenders, appeared to escalate the GOP's clash with the agency.

[more]

U.S. Bancorp CEO switch: 'Why now?' questions overshadow 'What's next'

01/18/17

Andy Cecere is the new CEO-in-waiting at the Minneapolis bank, but interest in his future plans took a back seat as investors and others tried to get their heads around why the current boss, Richard Davis, is choosing to leave seven years before the typical retirement age.

[more]

OCC fintech charter tramples state rights: N.Y. superintendent

01/18/17

The head of the New York Department of Financial Services did not mince words Wednesday in criticizing a proposed federal fintech charter.

[more]

Trump team said to plan delay of FHA premium cut

01/18/17

And the next HUD chief might eventually rescind it altogether.

[more]

Dems will jab at Mnuchin, but will they land any punches?

01/18/17

Steven Mnuchin's time as OneWest CEO is expected to draw ample attention at his nomination hearing, but it will not be the only issue to come up as senators try to gauge how he would lead President-elect Trump's financial policies.

[more]

TriState Capital in Pittsburgh adds banking vet to its board

01/18/17

Kim Ruth once served as a state president for Bank of America in Texas.

[more]