2020-12-07
On November 30, 2020, the Board of Governors of the Federal Reserve System, the OCC, and the FDIC released a statement that details the projected timeline of the transition away from the U.S. Dollar London Interbank Offered Rate (“LIBOR”).
Read More from: Krieg DeVault
2020-12-06
Banking trade organizations are usually cautious about making endorsements. But with Democrats winning the White House and control of Congress on the line in the two races, some groups are pouring in cash for the GOP candidates.
Read More from: BankThink
2020-12-04
The Consumer Financial Protection Bureau alleges that the online lender made loans that exceeded a federal cap on interest rates for active-duty service members.
Read More from: BankThink
2020-12-04
What PNC has in mind for BBVA's technology; banks and borrowers bristle at SBA questionnaire on large PPP loans; a look at who might be buying if HSBC decides to sell its branches; and more from this week's most-read stories.
Read More from: BankThink
2020-12-04
The company aims to help borrowers apply for home loans in as little as 15 minutes by automating immediate validation of bank information used in qualification.
Read More from: BankThink
2020-12-04
The Washington, D.C.-based institution could see its membership grow by as much as 72% now that federal regulators have approved the move.
Read More from: BankThink
2020-12-04
The incoming Biden administration must take steps to block mergers that could create monopolies, such as Visa's pending acquisition of a competitor.
Read More from: BankThink
2020-12-04
Adolfo Marzol came to the agency after a stint at HUD and a 30-year career in the mortgage industry. He will depart on Dec. 18.
Read More from: BankThink
2020-12-04
The Waterbury, Conn., parent company of Webster Bank joins a fast-expanding list of banks reducing the size of their branch networks to save money and focus on digital capabilities.
Read More from: BankThink
2020-12-04
Citigroup’s Michael Corbat said he’s worried about potential long-term negative effects after many of his employees spent the vast majority of 2020 working from home.
Read More from: BankThink
2020-12-04
On December 3, 2020, Francesca’s Holding Corporation, a Houston-based apparel, jewelry, accessories, and gift retailer with approximately 558 locations in 45 states, and its subsidiaries filed petitions for relief under Chapter 11 of the Bankruptc
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
2020-12-04
On December 3, 2020, Francesca’s Holding Corporation, a Houston-based apparel, jewelry, accessories, and gift retailer with approximately 558 locations in 45 states, and its subsidiaries filed petitions for relief under Chapter 11 of the Bankruptc
Read More from: Bankruptcy and Restructuring Law Monitor
2020-12-04
The company is looking to shutter 10 of its 63 branches over coming months, reflecting a shift in customer preferences.
Read More from: BankThink
2020-12-04
The payments processor will offer banking products to its customers through Goldman Sachs and Citigroup; but Judy Shelton’s nomination remains in doubt.
Read More from: BankThink
2020-12-04
Acquirers shelved plans to buy banks this year as the coronavirus became widespread but a combination of factors in the months ahead could spur the confidence to restart those conversations.
Read More from: BankThink
2020-12-03
Fannie hasn't completed any credit risk transfers to private investors since the second quarter.
Read More from: BankThink
2020-12-03
Thanks to a frenzy of transactions in the past week, 2020 is already the second-busiest year since the financial crisis for deals involving banks, financial technology companies, insurers and asset managers.
Read More from: BankThink