Bankruptcy Blogs

The Most Powerful Women in Banking 2020: Women do support other women

10/16/20

Jane Fraser, President of Citigroup and CEO of Global Consumer Bank, shares her thoughts on becoming the firm’s next CEO, expresses her gratitude for the outpouring of support she’s received, and pays homage to all the women who have paved the path before her.

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Banks that want equality must walk the talk

10/16/20

To help stop a cycle of systemic racism, bankers need to focus on advancing Black employees to leadership positions and create long-term relationships with Black-owned businesses.

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First Citizens to buy CIT for $2.2 billion

10/16/20

The combined company would be the nation's 19th-largest bank with roughly $110 billion of assets.

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Citi vice chair running for NYC mayor; Morgan Stanley joins list of unscathed

10/16/20

Ray McGuire, a 15-year Citi veteran, is one of Wall Street’s most prominent Black bankers; Morgan Stanley said its quarterly profit rose 25% versus the year earlier period.

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BofA adapting consumer tech for use with corporate clients

10/15/20

Bank of America is applying a familiar arsenal — including APIs and its popular virtual assistant, Erica — to online business banking, cross-border payments and cash management in an effort to modernize those services.

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NCUA moves to loosen derivatives rule for credit unions

10/15/20

The credit union regulator has held back in allowing the use of derivatives but has released a proposal that would remove red tape for some larger institutions.

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CUNA Mutual Group acquires CuNexus

10/15/20

The deal is intended to better help credit unions and other financial institutions improve digital lending capabilities

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Top Citi banker Ray McGuire leaves to pursue NYC mayoral run

10/15/20

Ray McGuire, one of Citigroup’s top investment bankers, has been vocal about his ideas for improving education and access to health care in low-income and minority neighborhoods.

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Truist boxed in on cost cutting

10/15/20

The North Carolina company had promised regulators not to close large numbers of branches until December. Meanwhile, vendor contracts, leases and other hurdles have made it hard to accelerate efforts to offset a sudden decline in revenue.

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