2021-03-26
Matthew Gehman will take the helm at the Lancaster, Pa., institution on April 1, succeeding W. Kent Hartzler, who has been CEO since 2007.
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2021-03-26
On March 25, 2021, Greensill Capital Inc.
Read More from: Bankruptcy and Restructuring Law Monitor
2021-03-26
On March 25, 2021, Greensill Capital Inc.
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
2021-03-26
The abrupt shutdown of retail a year ago led to a rise of digital shopping — and fraud. And the most tech-savvy consumers may be the most vulnerable, according to TransUnion data.
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Read More from: BankThink
2021-03-26
Brown, who was most recently Goldman's chief diversity officer, will join Citigroup in the coming months as chief diversity, equity and inclusion officer and global head of talent.
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Read More from: BankThink
2021-03-26
The move is a vote of confidence in the banking industry and the economy at large; borrowers would have until May 31 to apply for a loan.
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Read More from: BankThink
2021-03-26
While many institutions are part of nationwide shared-branch networks, three Southern California credit unions have agreed to share one facility. The arrangement is believed to be the only one of its kind.
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Read More from: BankThink
2021-03-25
The FHFA’s forbearance extension to September is forcing nonbank servicers to buy out more delinquent loans. It's also upended loss estimates for investors and made racial and income disparities in the mortgage market worse.
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Read More from: BankThink
2021-03-25
Democrats have proposed a Congressional Review Act resolution to strike down the OCC rule, arguing it enables "rent-a-bank" schemes.
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Read More from: BankThink
2021-03-25
For banks that pass this year’s stress tests, the Federal Reserve said it will eliminate the restrictions on dividends and share buybacks while subjecting those institutions instead to the stress capital buffer.
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Read More from: BankThink
2021-03-25
The Rainforest Action Network says the 2020 decline stemmed more from weak energy demand during the pandemic than banks’ pledge to reduce financing to firms that contribute to climate change.
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Read More from: BankThink
2021-03-25
Lawmakers approved a bill that will allow the Paycheck Protection Program to remain open until May 31. It was originally set to expire on March 31.
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Read More from: BankThink
2021-03-25
The challenger bank will apply some of the $40 million it raised from Truist, BofA and others to a microloan program aimed at Black and Hispanic groups.
Read More from: BankThink
2021-03-25
Former Obama-era regulators Kara Stein and Sarah Bloom Raskin, as well as Atlanta Fed President Raphael Bostic, have joined the field of potential nominees to lead the Office of the Comptroller of the Currency, according to sources familiar with t
Read More from: BankThink
2021-03-25
A planned combination of Maine State Credit Union in Augusta and Midcoast Federal Credit Union in Freeport has been nixed despite receiving approval from regulators.
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Read More from: BankThink
2021-03-25
The Dunedin, Fla.-based institution reported an 18.8% surge in assets last year, along with substantial growth in commercial lending, thanks in part to the Paycheck Protection Program.
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Read More from: BankThink
2021-03-25
Truist Financial's venture capital division led the Series A funding round for Greenwood, a platform aimed at Black and Latino customers. Other investors include Bank of America, Citigroup, Mastercard and Visa.
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Read More from: BankThink
2021-03-25
The cap on Economic Injury Disaster Loans is being raised to $500,000 from $150,000; the electric car maker said it won’t convert the digital currency to fiat dollars but will retain them.
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Read More from: BankThink