Bankruptcy Blogs

Lake Trust Credit Union to buy branch from Mercantile Bank

10/26/20

The deal will expand the credit union's reach into western Michigan at a time when a growing number of banks are trimming their networks.

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Heavy demand for fast payments in small banks' trial run

10/26/20

A California startup and a century-old Missouri bank, which began using The ClearingHouse's real-time payments network this summer, say businesses have embraced the technology to pay suppliers and gig-economy workers and quickly close real estate deals.

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Week ahead: PPP bill in Congress and surprise NCUA meeting

10/26/20

A recently introduced bill concerning the Paycheck Protection Program loans could hint at what lawmakers will focus on when the House and Senate reconvene next month.

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Bank of America invests in three more minority-focused lenders

10/26/20

Bank of America made three more investments in minority-focused lenders, bringing its total to 10 in the past two months.

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Two Ohio credit unions set to merge by end of October

10/26/20

Members of First Choice Community Credit Union will have access to mobile banking and other products once the institution becomes part of Credit Union of Ohio.

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To end lending bias, banks need to use the right tech

10/26/20

Traditional lenders must embrace fintech underwriting tools that would help women- and monitory-owned businesses get loans they are too often denied.

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Access Denied episode 1: The wealth effect

10/26/20

Net worth disparities and the role housing and mortgage discrimination play in Black homeownership show that it's impossible to close the gaps without eliminating racism.

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Goldman bankers ignored compliance warnings; can Barclays sustain rebound?

10/26/20

Will clawing back $174 million in executive pay deter executives from another scandal?; the U.K. bank’s resurgence vindicates Staley’s sticking with investment banking, but can it last?

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Court ruling forces Michigan Legacy to scrap Lyft rides for Election Day

10/26/20

An appeals court upheld an 1895 state law that bars paying for rides to voting sites, a move one observer suggested is part of a broader partisan fight to impact voter turnout.

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Customers have turned cautious and banks are getting pinched

10/25/20

Deposits have piled up, curtailing overdrafts and other fees. The trend could force lenders to find other ways to make money — or start cutting to the bone.

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