Bankruptcy Blogs

Fifth Third defends decision to release loan-loss reserves

10/22/20

The Cincinnati company, one of just a handful of lenders to reduce its cushion against bad credits in the third quarter, was grilled by analysts who suggested it was being too optimistic about the long-term effects of the pandemic recession.

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DigMo 2020: How Can Fintechs Best Position Themselves For an Acquisition?

10/22/20

From finding new efficiencies to redefining the customer experience; fintechs are permanently changing financial services. But what does the actual acquisition process look like?

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DigMo 2020: The Year of Unexpected Disruption

10/22/20

The coronavirus pandemic has turned every industry on its head. For lending, it exposed the need for modernized, fully digital platforms.

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A debit account that rewards users for shopping at Black businesses

10/22/20

The media company Urban One has launched a new account that includes a prepaid debit card and encourages customers to buy from Black-owned business and lets them donate their cash back to charity.

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Discover surges with October becoming new December for shopping

10/22/20

Discover Financial Services shares surged after the company said spending on its cards improved in September, the first increase during the pandemic.

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CEO of Cobalt Credit Union set to call it a career

10/22/20

Gail DeBoer has announced her plans to retire in early 2021 after more than three decades at the Nebraska-based institution.

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Organizers look to open bank in western North Carolina

10/22/20

Highlands Banking would be based in a community near the state's borders with Georgia and South Carolina.

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Umpqua to close branches, reduce office space over next two years

10/22/20

The Oregon company unveiled a sweeping cost-cutting plan that includes more remote work opportunities and up to 50 branch closures.

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Banner in Washington accelerates branch closing efforts

10/22/20

The company, which shuttered six locations in September, plans to close 14 more branches by the end of this year.

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Fulton in Pennsylvania begins cost-cutting effort

10/22/20

The company will close branches and cut jobs, with plans to reinvest some of the savings into digital enhancements.

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