2018-06-12
An affiliate of MatlinPatterson will reduce its ownership to 48% from more than 60% after selling 8 million shares.
Read More from: BankThink
2018-06-12
With the question of a federal charter still looming, Treasury's last report on changes to the financial regulatory system will focus on nonbanks and new tech startups.
Read More from: BankThink
2018-06-12
Banks and startups compete for the same clients, as customers want one source for online checking and investment accounts.
Read More from: BankThink
2018-06-12
The internet-only bank plans to offer businesses a way to quickly open accounts online.
Read More from: BankThink
2018-06-12
Women with credit scores below 700 feel more stressed about money than any other group, according to a new study. The findings suggest financial firms should cater to them with special advisory products and services.
Read More from: BankThink
2018-06-12
Mick Mulvaney is gutting the consumer watchdog, and it bodes poorly for hardworking Americans.
Read More from: BankThink
2018-06-12
The largest U.S. labor federation is calling on Santander Consumer USA to end its practice of allowing car dealers to add interest to a vehicle loan unrelated to the borrower's creditworthiness.
Read More from: BankThink
2018-06-12
Legislation with bipartisan support would raise the threshold for reporting suspicious activity, a goal banks have long sought.
Read More from: BankThink
2018-06-12
Donegal Group and Donegal Mutual Insurance are selling the holding company for Union Community Bank in Lancaster County.
Read More from: BankThink
2018-06-12
The changes are designed to remove the complex set of fees that could vary from one mercant to another.
Read More from: BankThink
2018-06-12
Only 15% of bank customers at Bank of America use its online investment platform, but the company expects that figure to increase as it opens branches in nine major cities.
Read More from: BankThink
2018-06-12
The Senate Banking Committee approved the nominations of Richard Clarida as vice chairman of the Fed and Michelle "Miki" Bowman as a Fed governor.
Read More from: BankThink
2018-06-12
The Virginia bank has submitted the paperwork for Carolina State Bank, adding to the list of groups looking to open the state's first de novo since 2009.
Read More from: BankThink
2018-06-12
The agency proposed new minimum capital requirements for Fannie Mae and Freddie Mac that would only go into effect if the government ends its conservatorships.
Read More from: BankThink
2018-06-12
By John Aidan Byrne
New York City’s struggling yellow cabbies are facing the auction block.
Read More from: Shenwick & Associates
2018-06-12
In Internal Revenue Serv. v. Murphy, No. 17-1601, 2018 WL 2730764, (1st Cir.
Read More from: Tampa Bankruptcy
2018-06-12
Call it the Uber effect: A record 139 New York City taxi medallions will be up for sale in bankruptcy auction this month as cab drivers continue to struggle to compete with ridesh
Read More from: Shenwick & Associates
2018-06-12
Southeastern Grocers (operator of the Winn-Dixie, Bi Lo and Harvey’s supermarket chains) recently completed a successful restructuring of its balance sheet through a “prepackaged” chapter 11 case in the District of Delaware.
Read More from: Bankruptcy Law Insights