Bankruptcy Blogs

HSBC vows to 'accelerate' U.S. cost-cutting plan

10/27/20

The global bank, which has already closed more than 30% of its U.S. branches this year, indicated that the pandemic is prompting it to adjust its plans on the fly.

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HSBC ramps up digital banking for businesses

10/27/20

The global bank has rolled out cash-flow forecasting tools as financial institutions race to meet urgent demands from commercial customers trying to navigate uncertain times.

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United Federal Credit Union in Michigan to buy Edgewater Bank

10/27/20

The acquisition will consolidate United's position in the St. Joseph market, where both institutions are based.

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Green Dot partners with Gig Wage to serve underbanked workers

10/27/20

The Pasadena, Calif., bank is partnering with and investing $2.5 million in Gig Wage to offer services like debit cards and money management to gig workers, many of whom are among the tens of millions of unbanked and underbanked Americans.

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ConnectOne selling two branches to Rhinebeck Bancorp

10/27/20

The sales are part of ConnectOne's strategy to replace traditional retail branches with banking hubs backed by technology.

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Ant Group plans blockbuster IPO; JPMorgan unveils eco-friendly bond deal

10/27/20

The offering values the Chinese fintech at $313 billion, more than some of the U.S.’s biggest banks; the issuer and the bank would be penalized if they fail to live up to their green promises.

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Credit unions gird for more branch shutdowns as COVID rates spike

10/27/20

With coronavirus cases on the rise, Hoosier Hills CU in Bedford, Ind., has chosen to temporarily restrict access to its facilities. Observers say other institutions are likely to follow suit eventually, whether they want to or not.

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TCF chief Craig Dahl to retire

10/26/20

The Detroit company said that David Provost, former CEO of Chemical Financial, will become its CEO.

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Gene Ludwig's plan for saving the American Dream

10/26/20

Ludwig, an ex-banking regulator and CEO of Promontory Financial Group, describes how economic conditions for middle- and low-income Americans have declined and advocates a living wage, investment in infrastructure, smart regulation and other solutions.

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Banks, PPP recipients caught in bind between two SBA rescue programs

10/26/20

Businesses that received Paycheck Protection Program loans and Economic Injury Disaster advances discovered later they can't get full forgiveness. Lenders want the rules changed.

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