2021-02-12
The agreement with plaintiff MBIA Insurance resolves a lawsuit tied to the sale of mortgage-backed securities that plummeted in value during the 2008 financial crisis.
Read More from: BankThink
2021-02-12
The custodian said it will hold, transfer and issue cryptocurrencies on behalf of its asset management clients; some got caught up in the homebuying frenzy and now regret it.
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2021-02-12
The Pensions Schemes Act received Royal Assent yesterday (11 February).
Read More from: Squire Patton Boggs
2021-02-12
A plan to make expansion easier for credit unions is getting pushback not just from bankers, but also from the regulator's current chairman and a former board member.
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2021-02-11
Still under fire for financing oil-and-gas exploration, banks are now being criticized for bankrolling producers of the single-use bottles and wrappers that are piling up in landfills and waterways.
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2021-02-11
On February 11, 2021, Cyprus Mines Corporation filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Co
Read More from: Bankruptcy and Restructuring Law Monitor
2021-02-11
On February 11, 2021, Cyprus Mines Corporation filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Co
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
2021-02-11
Transportation and clean-energy upgrades could create significant new lending opportunities, but some observers fear the government will foot the bill through a special tax on banks and other financial firms.
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2021-02-11
The global card brand is positioning itself to play a key role in the development of central bank digital currencies.
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2021-02-11
Opportunity Financial, which offers consumer installment loans in partnership with banks, is merging with FG New America Acquisition Corp., a special-purpose acquisition corporation. The deal is expected to close in the second quarter.
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2021-02-11
The trust bank and the credit card company said they'll make it easier for customers to use cryptocurrencies. The announcements contributed to another jump in the price of the largest digital asset.
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2021-02-11
The Swedish installment lender's diversification makes it a direct competitor to mainstream banks.
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2021-02-11
Federal Reserve Chair Jerome Powell says he has nothing but affection for his work, suggesting that the 68-year-old central banker could be open to a second term if asked.
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2021-02-11
Economist Lisa Cook has the backing of several key White House officials and allies outside the administration as a possible choice for President Joe Biden in filling a vacancy on the Federal Reserve Board of Governors, according to people familia
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2021-02-11
The company plans to accept digital currencies on its network sometime this year; Citi’s incoming CEO will rely on her international experience to try to fix the bank’s problems.
Read More from: BankThink