News Topic: Bankruptcy Blogs

Federal credit unions still account for more than 60% of active institutions, but their share of total assets continues to shrink. ... Read full article

Justice Department officials have embarked on a rewrite of antitrust policy that could waive certain requirements for community bank mergers and provide fewer advantages to large, out-of-town buyers and banks in urban areas. ... Read full article

First Mutual Holding has agreed to buy Martinsville First Savings Bank, which will retain its charter, brand and management team. ... Read full article

For all the damage from the pandemic and economic downturn, this crisis has not impacted liquidity. Lawmakers would be foolish to permanently alter the Central Liquidity Facility. ... Read full article

Lenders press Congress to restart — and revamp — the Paycheck Protection Program; Fed corrects stress test error for Morgan Stanley, Goldman Sachs; M&T's new fintech unit rolls out first product; and more from this week's most-read stories. ... Read full article

Bolster, a marketplace for executives who can fill roles on an interim or advisory basis, is expected to fill a key need for the bank’s technology and life science clients. ... Read full article

The four-year plan submitted as part of its acquisition of E-Trade includes grants to community development organizations and support for uniform vendor diversity standards. ... Read full article

The financial industry has praised the measured approach taken in a pending regulation on permitted communications with consumers. But two recent complaints by the bureau against debt collectors reflect a potentially aggressive enforcement stance. ... Read full article

U.S. Bank and Regions revamped their apps with accessibility in mind; JPMorgan Chase built a branch for customers who are deaf. Such efforts can help banks appeal to more customers in existing markets. ... Read full article

More consumer and commercial borrowers are paying their loans, increasing the likelihood that charge-offs will be manageable for banks despite the ongoing pandemic. ... Read full article

The plan would encourage more risk-taking by big banks, which would put the industry and taxpayers in harm’s way, write former CFPB Director Richard Cordray and Camden Fine, onetime head of the Independent Community Bankers of America. ... Read full article

The Liberty Lake, Wash.-based credit union has agreed to buy four branches from the Roseburg, Ore.-based bank. ... Read full article

As with (almost) all events now, the 2021 AALS Annual Meeting is going forward as a virtual conference at the beginning of January. Deadlines for calls for papers are approaching soon. For our professor readers, the Section on Financial Institutions and ... Read full article

Jane Fraser will become the first female CEO of a major Wall Street bank when she succeeds the retiring Michael Corbat in February; JPMorgan Chase plans to reopen its trading floors September 21. ... Read full article

Members are completing more of their banking online than ever before, forcing many institutions to rethink their strategies for physical locations. ... Read full article

At a time when many lenders are shying away from an industry hit hard by the pandemic, State Bank of Texas is going all in. ... Read full article

The bank said the move will provide more flexibility raising capital and more options when it comes to pursuing bank acquisitions. ... Read full article

The new order is the strongest move yet by a U.S. bank to require employees to return to the workplace. ... Read full article