Bankruptcy Blogs

HSBC turns to tech execs for guidance

01/17/17

HSBC has formed an advisory board to guide it on fintech, cybersecurity and IT infrastructure issues.

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Wells' new pay plan is 'not that radical' – and that's good news for rivals

01/17/17

The embattled company's new incentive pay plan appears to resemble those used by other banks, which suggests that regulators are unlikely to demand big changes throughout the sector.

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A low-key leader for low-growth conditions: U.S. Bancorp's Cecere

01/17/17

The highly regarded and outspoken Richard Davis is a hard act to follow, but Andy Cecere, who will take over the successful Minneapolis company in a few months, is said to have the right blend of knowledge and judicious temperament for meeting the business challenges that lie ahead.

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White House outlines broad principles on fintech

01/17/17

Just days before President Obama will leave office, the White House released a white paper advocating for the U.S. government to engage in efforts to promote the fintech industry.

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Mercantile's 4Q results reveal strong credit quality, cost control

01/17/17

The Michigan company expects a recently announced mortgage initiative to produce solid growth in 2017.

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Dems: CFPB's Cordray would sue if forced out

01/17/17

Top Democrats vowed Tuesday to defend the Consumer Financial Protection Bureau, predicting Director Richard Cordray will file a lawsuit if he were fired by Donald Trump after he is sworn in as president.

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Senate banking panel finalized with subcommittee assignments

01/17/17

Leadership of the Senate Banking Committee came into fuller view on Tuesday with the announcement of subcommittee assignments.

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Does the OCC really have the power to charter fintech firms?

01/17/17

Critics say the Office of the Comptroller of the Currency is moving too far and too fast in its effort to offer a fintech charter, overlooking skepticism that it lacks sufficient legal authority.

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N.Y. grants BitLicense to Coinbase amid firm's legal battle with IRS

01/17/17

Bitcoin exchange and digital wallet provider Coinbase has received a virtual currency and money transmitter license — commonly known as a BitLicense — from the New York State Department of Financial Services.

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Can AI chat with customers like a teller — and should it?

01/17/17

For banks, which stake their business on being trustworthy and reliable, there's a certain amount of risk to putting a chatbot out there that could make embarrassing or serious gaffes.

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