2021-02-03
A group led by Stephen Gordon has received conditional approval from the Federal Deposit Insurance Corp. to open Genesis Bank.
Read More from: BankThink
2021-02-03
A recent decision by Judge Jed Rakoff of the Southern District of New York highlights the risks faced by directors and officers of companies in financial distress who fail to undertake properly their duties to the company and its stakeholders.
Read More from: Bankruptcy Law Insights
2021-02-03
Canada’s fourth-largest bank is pressing ahead with big technology investments to cut costs and try to generate more revenue from existing customers, said Erminia Johannson, BMO’s head of personal and business banking for the U.S. and Canada.
Read More from: BankThink
2021-02-03
The bank trade group called for lawmakers to revoke the industry’s tax exemption and suggested that credit union acquisitions of banks create a “brain drain” of local lending expertise that could slow any economic recovery.
Read More from: BankThink
2021-02-03
The San Antonio-based company has promoted Paul Vincent to president of its banking unit. Neeraj Singh, previously chief risk officer for Citi’s U.S. consumer bank, has joined the parent company as chief risk officer.
Read More from: BankThink
2021-02-03
Did you know that in Pennsylvania, you do NOT need a license to carry a firearm in order to purchase a gun? You don’t need a license to own a gun either. Finally, you don’t even need a license to keep a gun in your home or place of business.
Read More from: Young, Marr & Associates
2021-02-03
A voluntary effort to include more members of underepresented groups in the C-suite and on corporate boards would help banks avoid government mandates.
Read More from: BankThink
2021-02-03
Citigroup’s incoming CEO, Jane Fraser, created a new global operating team aimed at improving accountability among its top executives, as the firm continues to address a litany of concerns raised by regulators last year.
Read More from: BankThink
2021-02-03
The Miami bank, which called off a proposed sale to a credit union last year, recruited Ramon Rodriguez from City National Bank of Florida to oversee its local lending and global banking operations.
Read More from: BankThink
2021-02-03
Bank of America pledged to add $10 billion to an affordable homeownership program through 2025, tripling its initial commitment.
Read More from: BankThink
2021-02-03
The Los Angeles company agreed to buy $105 million of loans and a servicing portfolio that covers another $295 million in originations.
Read More from: BankThink
2021-02-03
The Flint-based credit union is the state's third in just over one year to get the OK for an expansion allowing anyone who lives or works in the state to join.
Read More from: BankThink
2021-02-02
Some big banks trimmed their stockpiles that guard against loan losses in the fourth quarter, but overall allowances fell less than many observers predicted.
Read More from: BankThink
2021-02-02
The Maryland-based credit union has promoted Chief Operating Officer Tonia Niedzialkowski to president of the organization with an eye toward eventually naming her CEO.
Read More from: BankThink
2021-02-02
The number of Paycheck Protection Program loans to U.S. small businesses more than doubled in the third week of the latest round of pandemic relief aid, as Bank of America and JPMorgan Chase each processed more than $1 billion in funding.
Read More from: BankThink
2021-02-02
Democrats Raphael Warnock and Jon Ossoff, who won runoff elections to flip party control of the Senate, were assigned to sit on the panel for the 117th Congress.
Read More from: BankThink
2021-02-02
Every client deserves competent advice in order to plan their lives, but they also need to be able to avoid unforeseen results.
Read More from: Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney
2021-02-02
Gemini Trust now offers a credit card and an uninsured savings account for bitcoin holders that pays 7.4% interest. It is the latest example of a cryptocurrency company marketing banklike products.
Read More from: BankThink