News Topic: Bankruptcy Blogs

Speculation is part of the reason for the growing differential in market capitalization between legacy financial institutions and upstarts. But one venture capitalist says it's "a call to action" for traditional banks to match fintechs' ... Read full article

Bank of America made three more investments in minority-focused lenders, bringing its total to 10 in the past two months. ... Read full article

A California startup and a century-old Missouri bank, which began using The ClearingHouse's real-time payments network this summer, say businesses have embraced the technology to pay suppliers and gig-economy workers and quickly close real estate ... Read full article

The deal will expand the credit union's reach into western Michigan at a time when a growing number of banks are trimming their networks. ... Read full article

A recently introduced bill concerning the Paycheck Protection Program loans could hint at what lawmakers will focus on when the House and Senate reconvene next month. ... Read full article

Net worth disparities and the role housing and mortgage discrimination play in Black homeownership show that it's impossible to close the gaps without eliminating racism. ... Read full article

Will clawing back $174 million in executive pay deter executives from another scandal?; the U.K. bank’s resurgence vindicates Staley’s sticking with investment banking, but can it last? ... Read full article

Traditional lenders must embrace fintech underwriting tools that would help women- and monitory-owned businesses get loans they are too often denied. ... Read full article

Members of First Choice Community Credit Union will have access to mobile banking and other products once the institution becomes part of Credit Union of Ohio. ... Read full article

An appeals court upheld an 1895 state law that bars paying for rides to voting sites, a move one observer suggested is part of a broader partisan fight to impact voter turnout. ... Read full article

Deposits have piled up, curtailing overdrafts and other fees. The trend could force lenders to find other ways to make money — or start cutting to the bone. ... Read full article

Ann Goldinak will take the helm of the New Jersey-based credit union when John Culp retires in December. ... Read full article

This five-part series is a comprehensive effort to explain the racial discrimination Black Americans face in our financial system. ... Read full article

Equity Bank agreed to buy most of the assets, and assume all the deposits, of Almena State Bank. ... Read full article

The company's Silicon Valley Bank unit reduced its loan-loss cushion by $52 million. Private-equity and VC clients have warmed to the practice of doing deals virtually, which increases lending opportunities, SVB executives said. ... Read full article

The about-face followed a swift backlash from affected employees, who earn more than $250,000 a year, according to people with knowledge of the situation. ... Read full article

The Democratic nominee has not gone as far as some progressives in support of financial inclusion, but ideas such as postal banking, a government-run credit reporting system and universal bank accounts would likely gain traction under a Biden ... Read full article

Lenders have spent months puzzled by the persistently low delinquencies on their credit cards. Now, they’re seizing the moment. ... Read full article