Bankruptcy Blogs

First Interstate in Montana buys its naming rights from Wells Fargo

01/12/17

The company had been operating for years under a licensing agreement with the San Francisco banking giant.

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Opus Co-President Allison steps down

01/12/17

The California bank, grappling with credit-quality issues, did not say when – or if – a successor will be named

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Bank teams with AARP to tackle ‘epidemic’ of financial fraud

01/12/17

People's United is taking its efforts to raise awareness of financial exploitation to a new level.

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Carson open to alternatives to 30-year fixed

01/12/17

Housing and Urban Development Secretary-designate Ben Carson is open to finding alternatives to the 30-year fixed-rate mortgage, but believes there must be some government backstop to the housing market.

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Sorting out the authentication mess for omnichannel banking

01/12/17

Some vendors have begun offering authentication platforms through which biometrics and other authentication tools can be plugged into any or all channels. TD Bank is sold on this concept, but others are not completely sure.

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'Thanks, Daddy Cordray': Comments of the week

01/12/17

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader responses to AmericanBanker.com articles, social media, and from around the web.

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BNY Mellon to pay $6.6M to settle capital-ratio-calculation probe

01/12/17

The issue stemmed from how the company handled collateralized-loan obligations for calculating capital ratios.

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Municipal finance gains traction at smaller banks

01/12/17

First Internet Bancorp is the latest institution to enter the business or to significantly expand operations.

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Swift considers blockchain test for foreign account reconciliation

01/12/17

The Society for Worldwide Financial Telecommunication is exploring the potential of distributed ledger technology for banks to provide real-time reconciliation of their databases for accounts they hold in other banks in a foreign currency.

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First Citizens in N.C. to boost stake in Carter Bank in Va.

01/12/17

The company recently received Fed approval to increase its ownership in Carter to 9%.

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