Bankruptcy Blogs

Megabanks rein in CEO pay. Expect others to follow.

03/05/21

The largest banks have cut compensation or held it steady for their top executives. Many regionals are expected to make similar decisions as boards balance the desire to reward strong leadership during the pandemic with lackluster financial performance and public relations concerns.

[more]

Write banking rules that withstand political winds

03/05/21

Regulations that merely reflect the beliefs of whoever’s in power undoubtedly get unwound by the next round of leaders. Policies will stand the test of time if they are focused on addressing inequalities in the financial system.

[more]

Verity, Simplicity and other credit unions name new CEOs

03/05/21

The new leaders include some who succeed retiring chief executives retiring and others stepping in after unexpected departures.

[more]

Together Credit Union names first chief diversity officer

03/05/21

The St. Louis-based institution is the latest in the industry to create an executive-level position focused on diversity, equity and inclusion.

[more]

Square invests in Jay-Z’s streaming service; Treasury makes $9 billion promise

03/05/21

It’s not clear how the deal will make money for the digital payments company; the government is providing the funds through CDFIs and MDIs to lend in minority communities.

[more]

The surprisingly good times for auto lenders will end. But when?

03/04/21

In the midst of the pandemic recession, banks have benefited from government stimulus payments to consumers, low interest rates and constraints on the supply of new vehicles. But intensifying competition and real concerns about borrowers’ ability to pay loans that went into forbearance could soon threaten profits and credit quality.

[more]

'Change in the air': Competition to serve unbanked at fever pitch

03/04/21

Six startups that seek to cater to Black and Hispanic consumers outside the financial mainstream are attracting heavy interest from investors. However, the new banks will vie with megabanks eyeing those same customers and with established minority-owned institutions suddenly brimming with new capital.

[more]

D.C. power shift complicates Fed decision on capital rule

03/04/21

The industry wants regulators to extend a temporary measure making it easier to satisfy the supplementary leverage ratio. But Democrats’ control of the White House and Congress has given a bigger platform to those who say banks have had enough relief.

[more]

Fed orders Nano Banc in California to reduce CRE concentration

03/04/21

The bank must submit a plan for improving its risk management and decreasing its commercial real estate exposure, the Federal Reserve said in an enforcement order.

[more]

Valley Strong to bulk up with Solano First merger

03/04/21

The deal, subject to approval from regulators and members, will add to Valley Strong's existing branch network and comes after several years of losses at Solano First.

[more]