Bankruptcy Blogs

Veteran CEO of BlueOx Credit Union to retire

12/01/20

Fran Godfrey, who has spent more than 35 years at the Michigan-based institution, will step down at the end of January.

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Additional PPP funding included in $908 billion stimulus proposal

12/01/20

The latest bipartisan plan to accelerate the economic recovery would appropriate roughly $300 billion for the Paycheck Protection Program, but the legislative package still faces long odds in the divided Congress.

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ConnectOne promotes insider as next bank president

12/01/20

Elizabeth Magennis recently served as the New Jersey company's chief lending officer. ConnectOne also hired Michael O'Malley, a former OnDeck Capital executive, as chief risk officer.

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Commercial and Contract Law: Questions, Ideas, Jargon

12/01/20

In the Spring I am teaching a research and writing seminar called Advanced Commercial Law and Contracts. Credit Slips readers have been important resources for project ideas in the past, and I'd appreciate hearing what you have seen out in the world on which you wish there was more research, and/or what you think might make a great exploration for an enterprising student.

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Bank of America says it won't finance oil and gas exploration in the Arctic

12/01/20

In November, the Sierra Club singled out Bank of America as "the only major U.S. bank not to rule out financing for the destruction of the Arctic refuge" after its five biggest competitors updated their policies this year.

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Bitcoin soars to new record; Fed extends four backstop lending programs

12/01/20

The digital currency’s recent 90% jump is being fueled by ‘less speculative fever;’ the liquidity facility designed to enable small banks to make more PPP loans has been extended until March.

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PenFed CEO: 'Our platform is suitable for all of America'

12/01/20

CEO James Schenck says the institution's military focus means it must provide services for a group of consumers who move every few years. That has helped it focus more on mobile services and less on brick and mortar.

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Protests, CRA revamp, fintechs' payday: The year in banking (Part 2)

11/30/20

Here are 10 more storylines that defined banking in 2020.

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SVB Financial to buy Seattle investment firm

11/30/20

The California company agreed to acquire WestRiver Group in a move that will expand its debt fund business.

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New York mutual seeks commercial bank charter

11/30/20

Though it is unclear why Rhinebeck Bancorp is looking to form Rhinebeck Commercial Bank, other mutual banks have pursued the strategy to work around a state law barring them from working with municipalities.

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