2017-01-18
Citigroup reported fourth-quarter profit that surpassed analysts’ estimates as trading revenue jumped 31%, more than the bank had forecast last month.
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2017-01-18
As expected, Cecere succeeds Davis at regional bank; OneWest is expected to get most of focus at Treasury nominee's confirmation hearing, but First Federal acquisition also raises questions.
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2017-01-18
FIS is forming a network for the inaugural class of its VC Fintech Accelerator program.
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2017-01-18
Three midsize banks projected increases in loans this year in the latest round of earnings discussions, but their levels of optimism varied, and their commercial lending strategies in some cases conflicted.
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2017-01-18
Higher lending for mortgages, construction and commercial real estate boosted Fulton Financial's profit.
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2017-01-18
HSBC has formed an advisory board to guide it on fintech, cybersecurity and IT infrastructure issues.
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2017-01-18
The embattled company's new incentive pay plan appears to resemble those used by other banks, which suggests that regulators are unlikely to demand big changes throughout the sector.
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2017-01-18
The highly regarded and outspoken Richard Davis is a hard act to follow, but Andy Cecere, who will take over the successful Minneapolis company in a few months, is said to have the right blend of knowledge and judicious temperament for meeting the
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2017-01-18
Just days before President Obama will leave office, the White House released a white paper advocating for the U.S. government to engage in efforts to promote the fintech industry.
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2017-01-18
The Michigan company expects a recently announced mortgage initiative to produce solid growth in 2017.
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2017-01-18
Top Democrats vowed Tuesday to defend the Consumer Financial Protection Bureau, predicting Director Richard Cordray will file a lawsuit if he were fired by Donald Trump after he is sworn in as president.
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2017-01-18
Leadership of the Senate Banking Committee came into fuller view on Tuesday with the announcement of subcommittee assignments.
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2017-01-18
Critics say the Office of the Comptroller of the Currency is moving too far and too fast in its effort to offer a fintech charter, overlooking skepticism that it lacks sufficient legal authority.
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2017-01-18
Bitcoin exchange and digital wallet provider Coinbase has received a virtual currency and money transmitter license — commonly known as a BitLicense — from the New York State Department of Financial Services.
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2017-01-18
For banks, which stake their business on being trustworthy and reliable, there's a certain amount of risk to putting a chatbot out there that could make embarrassing or serious gaffes.
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2017-01-18
The Minneapolis company announced that Richard Davis will retire as CEO this spring. He will be succeeded by longtime deputy Andy Cecere.
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2017-01-18
Ategra Community Financial Institution Fund believes the move would improve independent oversight of management.
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2017-01-17
The foreign representative of Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies headquartered in Ukraine, has commenced a case (Case No.
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog