American Bank news and trends

Synapse Bankruptcy Trustee Finds $85 Million ‘Shortfall’ Amid Tangled Web of Accounts
Legal // June 07, 2024

Former Federal Deposit Insurance Corp. Chair Jelena McWilliams will present her initial findings as trustee of Synapse’s Chapter 11 bankruptcy case Friday afternoon (June 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Interviews & Exclusives
Synapse Trustee McWilliams Details New Challenges in Latest Status Report

June 24, 2024
It’s one step up and two steps back in the case of Synapse Financial’s bankruptcy, with the court-appointed trustee reporting progress Friday (June 21) in recovering and distributing customer funds. However, serious reconciliation challenges remain, according to the latest status report in the case. Get the Full Story Complete the form to unlock this article […]