Bankruptcy Blogs

Dimon sees ‘carrots and sticks’ approach to COVID vaccines

03/01/21

While JPMorgan Chase’s chief executive would like the bank’s employees to get the COVID-19 vaccine, he said it’s unlikely to require the shots at least for now.

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Microsoft wants bigger piece of cloud banking market

03/01/21

The company is emphasizing the software interoperability of the service it's launching that caters to banks, which are making huge investments in cloud computing. It will face off against big-tech rivals in the market like IBM, which touts the security and compliance features of its year-old offering.

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Bottlenecks at SBA holding up loan approvals

03/01/21

Turnaround times on loans in the 504 program are stretching out for weeks as the Small Business Administration grapples with a spike in applications and responsibilities tied to the Paycheck Protection Program.

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What Goldman hires mean for Walmart's payments, banking ambitions

03/01/21

In adding Goldman Sachs veterans Omer Ismail and David Stark, the retail giant can enhance products such as Walmart Pay, Walmart+ and its fintech pact with Ribbit Capital.

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Pen Air's new CEO no stranger to the corner office

03/01/21

The Pensacola, Fla.-based credit union's newest chief executive has helmed two other CUs over the course of more than two decades in the industry.

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On Fraser’s first day as Citi CEO, a net-zero emissions pledge

03/01/21

Citigroup is one of the world's largest lenders to the fossil fuel industry, but CEO Jane Fraser vowed on Monday that the bank would achieve net-zero greenhouse-gas emissions in its financing activities by 2050.

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Week ahead: Pandemic pushes GAC online

03/01/21

The Credit Union National Association’s Governmental Affairs Conference, normally the industry's biggest annual event, will be held this week in a virtual setting, a change that would have seemed unthinkable one year ago.

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Fannie, Freddie double their funding for affordable housing projects

03/01/21

The mortgage giants were authorized to give just over $1 billion combined to the National Housing Trust Fund and the Capital Magnet Fund this year, the highest contribution ever. The amount reflects refinancing growth in 2020.

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CFPB director is supposed to be an apolitical job

03/01/21

For too long, the Consumer Financial Protection Bureau's rulemaking process has been informed by its director's political affiliation. The next leader must keep the agency focused on its mission: protecting consumers.

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Walmart lures Goldman bankers to lead fintech startup

03/01/21

Omer Ismail was a key architect of Goldman Sachs's consumer efforts in recent years and David Stark inked the bank's partnership credit card partnership with Apple.

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