News Topic: Bankruptcy Blogs

The Wall Street bank’s 51% jump in net income caps a strong earnings season for the biggest banks; President Biden is expected to nominate Michael Barr, a former assistant treasury secretary who helped write the 2010 Dodd-Frank Act, as comptroller. ... Read full article

The administration faces a slew of immediate financial policy tasks, such as passing a new round of small-business aid, charting a course for Fannie Mae and Freddie Mac and filling vacant agency leadership posts. ... Read full article

Citigroup will reduce bonuses for dozens of its top executives after the bank was reprimanded by regulators last year. ... Read full article

The company, poised to complete its purchase of Radius Bank, will enjoy new cross-selling opportunities, gain additional sources of fee income and capital as well as benefit from greater regulatory clarity, CEO Scott Sanborn says. ... Read full article

Hundreds of branches temporarily shuttered during the pandemic are now permanently closed. ... Read full article

Providence, R.I.-based Citizens Financial has largely focused on nonbank deals in recent years, but CEO Bruce Van Saun said the race for scale in the industry is prompting more banks — including his own — to consider mergers. ... Read full article

On January 6, 2020, the SBA published its 26 th Interim Final Rule (the First Draw PPP IFR ) and 27 th Interim Final Rule (the Second Draw PPP IFR ) [1] with respect to the Paycheck Protection Program ( PPP ), as reauth ... Read full article

The 46th president's agenda for financial regulation is already moving ahead, based on the people he's chosen to put in key roles. ... Read full article

After a pivotal Supreme Court ruling last year, the Trump administration’s handpicked leader of the Consumer Financial Protection Bureau was widely expected to leave voluntarily or be fired by the new president. ... Read full article

The agency used a notation vote to advance the final measure, the third time it has used that method in a month. ... Read full article

The credit union announced a $1 million commitment to the New Jersey Education Association spread over 10 years, with the first installment helping expand the group’s Human and Civil Rights Division. ... Read full article

After a slowdown in 2020, inventory shortages and other factors could make the months ahead a grind for many lenders. ... Read full article

Lenders are expecting strong demand for the small business loans, especially for second-timers; a steeper yield curve is helping profits, but stronger loan growth would help even more. ... Read full article

In a request for information, the agency sought feedback on how it should prioritize climate risks as part of its supervision of Fannie Mae, Freddie Mac and the Federal Home Loan Banks. ... Read full article

The Illinois company will pay $191 million for the parent of Glenview State Bank. ... Read full article

Its Marcus unit continues to invest in new products and business lines, delaying its path to profitability, according to Goldman Sachs CEO David Solomon. ... Read full article

Members of the Gunther family who own nearly a third of the company's stock are urging the board to consider strategic alternatives. ... Read full article

Former Fed Chair Janet Yellen told senators that as Treasury secretary she would create a “hub” to examine the effects of a changing climate on financial institutions and create a database of companies' true owners as required by a recent ... Read full article