Bankruptcy Blogs

Consumer lenders could feel most pain from CECL

02/20/19

Credit card issuers would have to set aside more in reserves because of higher loss histories, according to research by Keefe, Bruyette & Woods on the impact of the new loan-loss standard.

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What's missing from FDIC's notice on brokered deposits

02/20/19

The agency’s effort is a good first step to updating brokered deposit rules, but regulators excluded several important considerations in their advance notice of proposed rulemaking.

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Wintrust plays small ball with Oak Bank acquisition

02/20/19

The Illinois company will pay $46 million for a bank that is a fraction of its size.

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Florida remains hotbed for deals between credit unions, banks

02/20/19

Fairwinds Credit Union will buy Friends Bank. It is the third time this year that the Florida bank has agreed to sell to a credit union.

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The tangled politics and potential future of pot banking

02/20/19

Legalized marijuana is a multi-billion dollar industry, and it desperately needs banking services. Will Congress come to the rescue?

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PayPal CEO's lofty digital payments vision; Danske’s troubles grow

02/20/19

Dan Schulman predicts digital payments market may reach $100 trillion; the bank exiting Estonia, Latvia, Lithuania and Russia.

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Alix-McKinsey Update

02/19/19

Lots of news in the restructuring area this week, and I hope to blog about Puerto Rico and Windstream before the week is out. But first, a quick update about everyone's favorite professional retention litigation.

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Household debt hit another all-time high. Is it poised to level off?

02/19/19

While student, auto and credit card balances are at or near record levels, housing debt is shrinking, credit quality is weakening a bit and lending standards, at least in some sectors, are tightening.

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Could LendingClub return to profitability in second half?

02/19/19

The online consumer lender trimmed its losses in the fourth quarter and says an adjusted, non-GAAP metric suggests it's on the path to getting out of the red later this year.

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