News Topic: bankruptcy

Issuers have started adding metal to their credit cards; banks have been “slow” to add diversity in executive ranks, filings suggest. ... Read full article

The CEOs of Sallie Mae and Discover Financial Services were largely dismissive this week of the threat posed by the two Democratic presidential candidates, though their optimism seemed to be rooted in an assumption that the more sweeping proposals will ... Read full article

When the former vice president and Massachusetts senator appear together in Houston, they could present two contrasting visions of financial policy within the presidential field. ... Read full article

A Fed-led working group may pressure Wall Street to adopt SOFR; challenger banks with smartphone-based accounts soar. ... Read full article

President Trump is expected to sign legislation soon that would expand the number of farmers who could file under the more lenient Chapter 12. Ag lenders are worried because farm bankruptcies recently rose and the trade war with China could worsen. ... Read full article

If it sounds too good to be true, it probably is. But does that age-old maxim apply to a bankrupt customer offering to pay you 100% of your unsecured claim through a “prepackaged” bankruptcy or under a critical vendor program? The answer can be ... Read full article

The Supreme Court this week resolved a long-standing open issue regarding the treatment of trademark license rights in bankruptcy proceedings. The Court ruled in favor of Mission Products, a licensee under a trademark license agreement that had been ... Read full article

Banks that serve U.S. farmers are increasingly restructuring existing loans and boosting the collateral needed for new ones as the numbers of late and missed payments have risen. ... Read full article

Few issues in bankruptcy create as much contention as disputes regarding the right of setoff. ... Read full article

The judicial power of the United States is vested in courts created under Article III of the Constitution. ... Read full article

Beach Community Bank, which recently added $100 million in capital, hired veteran banker Carl Chaney as its executive chairman. ... Read full article

Beach Community Bank in Fort Walton Beach will be sold for $100 million once its holding company goes through bankruptcy, according to a local news report citing the bank. ... Read full article

For Remington Outdoor Co., one of the oldest firearms makers in the U.S., not even going bankrupt is easy these days. ... Read full article

As government officials reconsider how best to wind down large financial institutions, they should ensure the banking agencies have flexibility to act without disrupting markets. ... Read full article

The Consumer Financial Protection Bureau finalized a rule on Thursday that gives mortgage servicers more latitude in sending periodic statements to borrowers in bankruptcy. ... Read full article

A recent report from the agency settles a long-running debate about whether bankruptcy should replace Dodd-Frank’s “orderly liquidation authority.” The financial system needs both. ... Read full article

It’s unlikely a new chapter of the bankruptcy code for banks would be used in times of crisis or strengthen market discipline. ... Read full article

Process would protect taxpayers from bailing out failed banks; bank plans to raze its midtown Manhattan headquarters and build a 2.5 million sq. ft. edifice on the site. ... Read full article