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CFO John Shrewsberry projects that legal costs and other expenses related to the scandal will swell to between $50 million and $60 million and remain at that level for the next several quarters.
February 8
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Lamar Cox is accused of understating losses tied to the sale of foreclosed properties in 2009.
February 8 -
Cooper built TCF into a Midwestern powerhouse by targeting what he called the “Joe Lunch-Bucket crowd.”
February 8
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Scott Alvarez, the Federal Reserve's longtime general counsel, will retire later this year after nearly three dozen years at the central bank, the agency announced Wednesday.
February 8
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An amended proprietary trading ban could limit conflicts for firms with both lending and securities arms, and prevent large banks from using deposits for speculative activity.
February 8
Whalen Global Advisors LLC -
Jessica Rich, who joined the agency in 1991, is stepping down in mid-February, the FTC announced Tuesday.
February 7
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Brian Peters, the executive director of Financial Innovation Now — which brings together five of the largest tech companies — discusses the group's views on the screen-scraping debate, the new fintech charter and the rivalry between banks and technology firms.
February 7
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The Consumer Financial Protection Bureau and the New York attorney general filed a lawsuit Tuesday against a New Jersey law firm and its owner for allegedly luring 9/11 first responders and football players with brain injuries into taking out loans with high interest rates as advances on settlements.
February 7
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Two-thirds of U.S. nonprofit organizations with operations in foreign countries have been affected by banks’ de-risking practices, according to a report released Tuesday.
February 7
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For certain banks, it might make sense to require the chairman of the board to be an outside board member. But that’s a decision best left up to the board and management.
February 7
BuckleySandler
