News Topic: Bankruptcy Blogs

Silvergate and Avanti are among the banks pioneering the incorporation of smart contracts, cryptocurrencies and other cutting-edge instruments into mainstream financial services. ... Read full article

Inside Wells Fargo, managers say they intend to build a more commensurate presence on Wall Street, where the firm ranks a mere ninth in capital markets and deal advisory, by focusing on business lines and industries where it already has credibility. ... Read full article

With the new Congress sworn in, trade associations are already pushing their legislative wish lists, including more regulatory oversight of fintechs and protecting the industry's tax exemption. ... Read full article

Brian Argrett, whose City First Bank is being sold to Los Angeles-based Broadway Financial, would take the helm of the combined company at a time of increased national interest in reinvigorating minority-owned financial institutions. ... Read full article

The next administration must halt the practice of allowing new entrants into the banking system to forgo a full Community Reinvestment Act exam. ... Read full article

CEOs of investment banks had huge stock gains in 2020 while heads of retail banks suffered paper losses; the digital currency has climbed another 10% so far in 2021, topping $34,000. ... Read full article

The Georgia runoffs and resulting balance of power in Congress will help determine which bills on bankers’ wish list gain traction. But regardless, existing coronavirus relief such as the Paycheck Protection Program and a push for more economic aid will ... Read full article

The National Credit Union Administration may get a new leader, several institutions could seek to expand their fields of membership, and a pot banking fight may reemerge. ... Read full article

In a year rife with uncertainty about, well, pretty much everything, it's not surprising that a list of American Banker's most-read stories in 2020 would be dominated by accounts of lenders and regulators trying to navigate the Paycheck ... Read full article

Congress's enactment of the defense spending bill opposed by the White House removes the final hurdle for a key anti-money-laundering provision. ... Read full article

On December 27, 2020, President Donald Trump signed into law the Consolidated Appropriations Act, 2021 (the 2021 Consolidated Appropriations Act ), an omnibus statute that is comprised of, among other laws, twelve fiscal year 2021 appropriations bills for ... Read full article

Speculation is swirling that the Boston company will go on a buying spree after raising $1.8 billion, though some investors are advising caution. This tension makes CEO Bob Rivers one of our community bankers to watch in 2021. ... Read full article

During 2020, our society has been faced with an economic crisis, health crisis, social justice crisis and environmental crisis. The pandemic has rapidly changed how banks engage with customers and employees; accelerating the shift from in-person ... Read full article

The New Canaan, Conn., company said it will record a pretax expense of $3.9 million in the fourth quarter related to branch and office closings, severance payments and the end of a vendor contract. ... Read full article

In December, the National Credit Union Administration barred the individuals from working in the financial services sector for taking money from their institutions for personal use. ... Read full article

The regulator's order moves the San Francisco-based company one step closer to becoming the first online lender to own a bank. ... Read full article

Challenger banks aimed at Blacks, Hispanics, immigrants and other underserved groups are offering financial education and support for charities in addition to basic banking services. ... Read full article

From dealing with a flood of deposits to working with examiners virtually, credit unions were forced to quickly adapt to a new normal after the pandemic hit. Here's a look at some of the biggest changes and challenges they faced. ... Read full article