Bankruptcy Blogs

Fed will extend freeze on stock buybacks, cap on dividends

09/30/20

The Federal Reserve will continue its ban on share repurchases for banks with more than $100 billion of assets into the fourth quarter and will cap dividend payments using a formula based on recent income.

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Goldman to resume job cuts as banks abandon COVID moratorium

09/30/20

Goldman Sachs is resuming job cuts as the coronavirus pandemic outlasts the financial industry’s resolve to offer jittery employees stability through the economic downturn.

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Barclays, Citi and other big banks invest in behavior biometrics firm

09/30/20

Four global banks have joined American Express Ventures in contributing to BioCatch’s Series C fundraising round and earning themselves seats on its newly formed Client Innovation Board.

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Fitzsimons Credit Union granted field-of-membership expansion

09/30/20

Regulators have approved the Colorado institution's bid to serve consumers across three different counties.

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What’s next for Goldman Sachs’s Marcus

09/30/20

Harit Talwar, who is moving from CEO of the digital banking unit to chairman of consumer banking, says Marcus wants to add checking and investment products, embed its offerings in additional high-profile platforms, and grow far beyond its current 5 million customers.

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‘Solid reputation’: Why regulators long deferred to Wells Fargo on sales abuses

09/30/20

A new watchdog report finds that prior to 2015, the Office of the Comptroller of the Currency missed numerous opportunities to address misconduct at the San Francisco bank.

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Some Lehman Brothers creditors set for payday 12 years after collapse

09/30/20

Investors in two subordinated bonds from Lehman Brothers received word that a payment is coming, just two weeks after the 12th anniversary of one of the world’s most spectacular banking collapses.

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Retired Vantage West CEO takes over at We Florida Financial

09/30/20

Robert D. Ramirez has accepted the top job at the South Florida credit union as it attempts to turn around following a steep decline in earnings and a jump in charge-offs.

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Community bankers adopt bunker mentality as pandemic drags on

09/30/20

A survey conducted by the Conference of State Bank Supervisors found that concerns about operating conditions have led a large percentage of small banks to steer clear of acquisitions and new tech investments.

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NCUA bans former credit union teller charged with theft

09/30/20

A former employee of Member's 1st Federal Credit Union was accused of stealing more than $19,000.

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