Bankruptcy Blogs

Is partisanship seeping into bank regulators’ discourse?

02/16/20

Compared with incendiary fights elsewhere in the capital, deliberations among the banking agencies tend to be more banal. But on issues from the Volcker Rule to CRA reform, disagreements lately between officials have grown sharper.

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The Big Lie Lives On

02/15/20

The Big Lie just won’t die. The Big Lie, of course, is The Government Made Me Do It theory of the financial crisis, that the housing bubble whose collapse set off the crisis was the product of government policies encouraging affordable home mortgage credit.

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Pre-1949 Chinese Bonds: How Much of a Litigation Threat Do They Pose?

02/15/20

As part of the international debt class that I'm teaching this term with Steve and Lee, we spent a couple of sessions discussing the various lawsuits that have been brought in US courts over China's defaulted pre-1949 debt.

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Nebraska bank is first failure of 2020

02/14/20

Ericson State Bank, which had been in regulators’ sights for a decade, was closed by state and federal authorities Friday. Another bank acquired all of its deposits and a fraction of its assets.

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The API race, CFPB vs. Citizens, Varo's bank charter: Top stories of the week

02/14/20

Wells Fargo appears to be outpacing its rivals in the API race; CFPB's unexpected showdown with Citizens; Varo gets vital FDIC OK for bank charter; and more from this week's most-read stories.

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Retirement wave could leave FDIC short-staffed in crisis, watchdog warns

02/14/20

The inspector general also said high turnover at the chief information officer position has limited the agency's ability to modernize its technology.

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Former KeyCorp CEO Henry Meyer dies at 70

02/14/20

Meyer was credited with guiding the Cleveland company through the financial crisis and returning it to profitability. He died this week at his home in Florida.

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Three executive defections, one angry investor at New York bank

02/14/20

Hanover Bancorp is facing a proxy battle after its CFO and two other bankers bolted to a rival.

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Senate Republicans target banks refusing services to ICE contractors

02/14/20

Five Republican senators want to cut off deposit insurance for banks that have stopped offering financial services to firms that operate detention facilities and private prisons on behalf of the federal government.

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Banks need to do more than just complain about credit unions

02/14/20

The entire banking industry needs to join the fight instead of waiting for Congress to act.

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