2018-06-13
In his inaugural hearing as comptroller of the currency, Joseph Otting defended his decision not to publicly rebuke banks for Wells Fargo-like problems.
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2018-06-13
Federal Reserve Chairman Jerome Powell said the agency has its hand full between proposals on liquidity and capital requirements and additional mandates made by the recently enacted regulatory relief law.
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2018-06-13
The agency will have to rework its strategy for amending its payday lending rule after a federal court rebuffed efforts to stop the rule from going into effect.
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2018-06-13
The House Financial Services Committee is preparing to vote on legislation to modernize anti-money-laundering rules, but the latest version of the bill excludes a key provision involving the collection of beneficial ownership information.
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2018-06-13
The simplified pricing of fintechs like Square and Stripe has finally caught up with banks' more complex fees, prompting Wells Fargo to restructure its billing for small businesses.
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2018-06-13
Royal Bank of Canada introduced a wave of technology initiatives in a bid to attract more tech-savvy customers who embrace a digital lifestyle.
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2018-06-13
The bank’s AI-driven virtual assistant, which lets people quickly search transactions and cancel subscriptions and other recurring charges, was an instant hit. But BofA will have to take a number of steps to sustain erica's early momentum.
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2018-06-13
Six Senate Democrats are asking the SEC's internal watchdog to investigate a Republican commissioner who berated Citigroup executives in a private meeting over the bank's decision to curtail some of the business it does with companies that sell gu
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2018-06-13
Charter One wanted to sell itself quickly because it feared valuations had peaked, and CenterState was able to beat other potential suitors to the punch.
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2018-06-13
The bank's head of investment management said Wednesday that his unit has eliminated dozens of high-cost funds over the last two years and replaced them with more passive and enhanced actively managed funds.
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2018-06-13
Acting CFPB Director Mick Mulvaney had sided with two industry trade groups that sued the CFPB in April to invalidate the tough restrictions.
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2018-06-13
Republican congressmen Blaine Luetkemeyer and Steve Pearce say their new legislation would update anti-money-laundering and counterterrorism requirements for small financial institutions.
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2018-06-13
On June 4, 2018, the U.S. Supreme Court decided the case of Lamar, Archer & Cofrin, LLP v. Appling, No. 16-1215, which dealt with the dischargeability of debt in bankruptcy proceedings.
Read More from: Michigan Bankruptcy Blog
2018-06-13
ABT Molecular Imaging, Inc. has filed a petition for relief under Chapter 11 in the Bankruptcy
Read More from: Bankruptcy and Restructuring Law Monitor
2018-06-13
ABT Molecular Imaging, Inc. has filed a petition for relief under Chapter 11 in the Bankruptcy
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
2018-06-13
Park Financial has agreed to buy shares from one of the founders of Mesaba Bancshares.
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2018-06-13
Almost half of systemically important financial institutions are trading in bear territory; bank is accused of overcharging customers for mortgage-backed securities.
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2018-06-13
The company will gain 10 branches and $145 million in loans after it buys Gideon Bancshares.
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