2021-01-25
The expected nomination of Michael S. Barr has disappointed many progressives; the Morgan Stanley boss got a 22% raise to $33 million, while JPMorgan CEO held steady at $31.5 million.
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2021-01-25
Under a proposed rule change, credit unions would no longer need to seek pre-approval from the regulator before entering into interest rate swaps, speeding up transactions for some of the industry’s biggest institutions that already hold over 80%
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2021-01-24
Mergers and acquisitions were largely on ice in 2020, but banks' mounting need to control expenses and invest heavily in technology could spur a comeback this year.
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2021-01-22
The Columbus, Ohio, company plans to close nearly 200 branches in the state — including more than 90 in Meijer grocery stores — after it acquires TCF Financial.
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2021-01-22
Deposits are soaring while loan demand lags and mortgage-backed securities offer weak returns. So the Alabama company has parked loads of cash at the Fed in hopes the economy will pick up steam before profit margins suffer.
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2021-01-22
U.S. credit card delinquencies reached record-low levels in 2020, as Americans took advantage of stimulus checks and adjusted their spending habits, according to a new report.
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2021-01-22
The auto finance company, which had stumbled in forays into the credit card business, is now seeing rapid growth in mortgage and unsecured consumer lending.
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2021-01-22
U.S. Bank accelerates branch closings as more customers go digital; Capital One fined $290M for 'willful' anti-money-laundering failures; incoming Citi CEO Fraser signals major changes ahead; and more from this week's most-read stories.
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2021-01-22
Pandemic-induced shifts in how people work and bank will allow the Tennessee company to shed more branches and office space. It now projects it will slash expenses by an additional $30 million a year.
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2021-01-22
A recent agreement with the California Cannabis Industry Association will make it easier for legal cannabis businesses across the state to join the $92 million-asset credit union.
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2021-01-22
The digital bank for students, which recently merged with a blank-check company, can tap its new source of capital to diversify and pursue more white-label partnerships.
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2021-01-22
President Biden and Democrats in Congress have backed plans to subject a broader array of companies to Community Reinvestment Act requirements. But there’s no guarantee such reforms will happen.
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2021-01-22
By Salene Mazur Kraemer Partner, Bernstein-Burkley, P.C. It’s an understatement to say that COVID-19 has caused “global shock.” Everything the virus touches has been marked by uncertainty, whether it comes to …
Read More from: Bernstein-Burkley, P.C.
2021-01-22
The Eugene-based institution joined a small but growing number of credit unions that have raised their entry-level pay in recent years.
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2021-01-22
The upstate New York company unloaded three loans, joining a short list of lenders that have purged problematic credits during the pandemic.
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2021-01-22
It would force national banks to make loans to high-risk industries that often pose dangers to vulnerable communities. The next comptroller of the currency should instead promote equal credit availability for consumers who need it most.
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2021-01-22
By Salene Mazur Kraemer Partner, Bernstein-Burkley, P.C. It’s an understatement to say that COVID-19 has caused “global shock.” Everything the virus touches has been marked by uncertainty, whether it comes to its path, duration, or magnitude.
Read More from: Bernstein-Burkley, P.C.
2021-01-22
Chapter 13 bankruptcy offers a possible solution for people who have suffered a temporary interruption of income or are facing fina
Read More from: Bonds & Botes, P.C.
2021-01-22
The Florida lender is the latest financial firm that said it has stopped working with former President Donald Trump.
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2021-01-22
The JPMorgan Chase CEO's total compensation went unchanged at $31.5 million for his work in 2020, a year in which a global pandemic roiled the economy and caused banks to set aside billions to cover future bad loans.
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