News Topic: Bankruptcy Blogs

A Bloomberg News analysis shows that the data for Paycheck Protection Program loans totaling more than $521 billion released on July 6 are riddled with anomalies. ... Read full article

Wells is expected to report a loss while other banks report sharp declines in profits; Fed officials wanted easier terms, while Treasury officials preferred a more conservative approach. ... Read full article

With the COVID-19 health pandemic wreaking havoc on jobs, investments, consumer debt and lending, secured credit cards can address a vital need for people who may not have considered the product in the past. ... Read full article

Regulators can only delay the move to a new interest rate index alternative for so long. ... Read full article

The pressure is on for banks to help Black and Hispanic households build net worth. Many say that starts with diversifying the ranks of middle and upper management. ... Read full article

Mark Weidemaier and Mitu Gulati ... Read full article

New president of Promontory Interfinancial Network says recession will cause "hundreds" of nonbank disruptors to fail; lenders face dilemma over offering Main Street loans to noncustomers; PNC Financial expands, diversifies executive leadership ... Read full article

Below please find a link to a newly-updated version of the Sheppard, Mullin, Richter & Hampton LLP ( Sheppard Mullin ) Paycheck Protection Program ( PPP ) Loan Forgiveness Estimator Workbook (the Workbook ), which was created by and is the property of ... Read full article

The panel later this month will vote on the nomination of Judy Shelton, whose views on certain policy issues have met with skepticism from both Democrats and Republicans. ... Read full article

For all banks' claims that credit unions pose a threat to their commercial lending market share, they've accounted for just 2% of volume in the Paycheck Protection Program. ... Read full article

However, those who aren't current bank customers need to have $1 million in a qualifying account. ... Read full article

After tech firms assisted community bankers in processing applications in the Paycheck Protection Program, small-business lenders are continuing to engage with cloud providers and other outside companies to automate the loan forgiveness process. ... Read full article

Citizens Bancorp Investment has agreed to buy American Bancshares in a deal expected to close later this year. ... Read full article

The Fed has already eased certain capital requirements in response to the coronavirus pandemic. It should avoid making any further adjustments to the surcharge, which is meant to keep global banks from creating systemic risks. ... Read full article

A subprime-related settlement between the government and Deutsche Bank provided meaningful benefits to some U.S. consumers in need, according to a new report. But the author acknowledged that those gains could prove illusory for some consumers given the ... Read full article

BNCCORP named an interim CEO as it looks for a permanent successor for Timothy Franz. ... Read full article

The bank is expected to report a small net profit for the second quarter next week; shareholders are challenging the government's 2012 decision to appropriate nearly all of the agencies' profits. ... Read full article

Several big bank mergers fell apart after the coronavirus hit. But Bryan Jordan, First Horizon's CEO, said the pandemic validated plans to cut costs an invest more in digital upgrades. ... Read full article