2021-02-24
The fresh funding would recrown the Swedish company as Europe’s most valuable startup after the payments business Checkout.com was valued at $15 billion.
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2021-02-24
Lost in the debate about whether to make fintechs comply with the Community Reinvestment Act is that many of them already partner with banks to make loans in low-income neighborhoods.
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2021-02-24
The credit union regulator's unusual attempt to auction pricey items from a former chairman's office has revealed more about interoffice dynamics at the agency.
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2021-02-24
David Solomon has been one of the more vocal business leaders pushing government officials to move faster in making changes needed to bring employees back to work.
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2021-02-24
The Fortune 500 conglomerate has had discussions about merging Thrivent Credit Union, which operates independently of the company, into the bank if the charter is approved.
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2021-02-24
The sale, which is set for $2.1 billion, is part of the bank’s plan to reduce its costs; the bank hopes managing stock ownership plans will deepen its reach with tomorrow’s Silicon Valley rich.
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2021-02-23
The London company poured cold water on speculation a deal to divest its 152-branch network in the United States was imminent.
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2021-02-23
Acting Director Dave Uejio said Tuesday that the Consumer Financial Protection Bureau will push back implementation of the qualified mortgage rule and may amend or revoke other Trump-era rules that have yet to take effect.
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2021-02-23
Banks lowered their loss provisions at the end of 2020, a sign they feel better about this year than last year, according to data from the FDIC.
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2021-02-23
Citing strong client demand, the nation's largest custody bank is building infrastructure and a team that can help clients store and manage bitcoin and many other types of virtual currency and tokenized assets.
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2021-02-23
Chair Jerome Powell told a congressional panel that the Federal Reserve is weighing whether to extend temporary relief from the “supplementary leverage ratio” — meant to help banks lend more during the pandemic — beyond March 31.
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2021-02-23
The North Carolina-based credit union appointed a new chief financial officer and a new president to its for-profit arm.
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2021-02-23
Prepaid customers’ COVID relief spending boosted the bank’s bottom line in 2020, but executives don't count on a repeat performance.
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2021-02-23
The decision provides more clarity to noteholders in the state about when the six-year statute of limitations to bring a foreclosure action begins.
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2021-02-23
Generally speaking, police must have some valid reason to stop a driver on the road. However, in Pennsylvania, police have the authority to set up DUI Checkpoints (or roadblocks) under Title 75 Section 6308(b) which specifically allows police to
Read More from: Young, Marr & Associates
2021-02-23
John Zmolek has been involved with the Seattle-based institution for more than three decades. A successor has not yet been named.
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2021-02-23
On February 23, 2021, 96 Wythe Acquisition LLC, whose principal property is the Williamsburg Hotel in Brooklyn, N.Y., filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
2021-02-23
On February 23, 2021, 96 Wythe Acquisition LLC, whose principal property is the Williamsburg Hotel in Brooklyn, N.Y., filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York
Read More from: Bankruptcy and Restructuring Law Monitor
2021-02-23
Mark Lindsay, Esq. Partner at Bernstein-Burkley, P.C. On December 22, 2020, Congress passed the Consolidated Appropriations Act, 2021 (“CAA”), which was signed into law on December 27, 2020. The CAA …
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2021-02-23
On February 22, 2021, Evergreen Gardens Mezz LLC, a Brooklyn-based real estate entity, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case 21-10335). The company
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog