Bankruptcy Blogs

‘Flat to slightly down’: 3Q loan demand disappoints

09/17/20

Banks reported decent loan growth in the spring and early summer as businesses rushed to draw down credit lines and tap the Paycheck Protection Program. But demand has been muted since, and bankers can only guess when it will pick back up.

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Eastern Bank idea leads to small-business money management app

09/17/20

Small and midsize banks would pay for access to the Monit app and offer it to small-business clients as an add-on service.

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Fed to pitch CRA revamp of its own as regulators chart different paths

09/17/20

The Federal Reserve Board will discuss an advance notice of proposed rulemaking on the Community Reinvestment Act at an open meeting. The central bank had previously declined to support an OCC rule overhauling the 1977 law.

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Securityplus closing on Election Day to give workers time to vote

09/17/20

The Baltimore institution said it would close on Nov. 3 with the intention that employees use the paid time off to participate in the democratic process.

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Citigroup employee who operated QAnon website on leave

09/17/20

Jason Gelinas, an employee at Citigroup, has been placed on paid leave pending an internal investigation after he was identified as the operator of the most prominent website dedicated to the QAnon conspiracy theory, according to three people familiar with the matter.

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Fed sees no rate increases until 2023; Deutsche tells U.S. workers to stay home

09/17/20

The central bank reiterated its plan to allow inflation to run above 2% for an extent before raising rates; the German bank postpones returning people to its New York City office until next July.

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Baisse des augmentations de salaire : comment compenser la chute de ses revenus ?

09/17/20

À cause de la crise sanitaire, les augmentations de salaire ont été presque annulées. En 2020 et 2021, les entreprises y dédieront une part historiquement basse de leur budget : moins de 2 %. Pendant ce temps, l’inflation poursuit son chemin et une telle situation peut se transformer en baisse des revenus pour certains particuliers. Ils sont […]

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COVID taking a toll: 8 takeaways from NCUA’s Q2 state-level data

09/17/20

Second-quarter figures from the credit union regulator paint a grim picture for many states across a variety of key earnings metrics.

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Pandemic threatens to stifle bank M&A for another year

09/16/20

Deal activity, already on pace for its slowest year in more than two decades, will likely remain suppressed until bankers get a handle on credit exposure and more clarity on valuations.

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Fincen plans major overhaul of anti-money-laundering rules

09/16/20

The Financial Crimes Enforcement Network is seeking to create a better-defined standard for effective AML compliance programs and is considering whether to impose formal requirements that banks assess their laundering risk.

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