Bankruptcy Blogs

‘Money anxiety is not a disorder’: Destigmatizing financial unease

05/26/20

Dan Geller, behavioral economist and developer of the Money Anxiety Index, describes how the gauge has spiked and what banks can do about it.

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Coronavirus crisis forces banks to scuttle merger plans

05/26/20

At least four pending deals have been canceled since the economy was locked down to slow the pandemic's spread. With banks' market values falling and loan-loss provisions piling up, more terminations are likely.

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Dimon sees good chance for rapid U.S. economic recovery

05/26/20

JPMorgan Chase's CEO expects the economy to rebound in the third quarter thanks to government stimulus programs and the strength of the consumer going into the pandemic.

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What ransomware attacks on vendors mean for banks

05/26/20

Cybercriminals have targeted at least four financial services technology companies in recent months, potentially giving hackers back-door access to clients. Here’s how banks can guard against that.

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Texas Lawyer Escapes Sanction

05/26/20
In politics, it is sometimes said, what did the president know and when did he know it. As it turns out this analysis is helpful in determining whether a lawyer should face sanctions under Rule 9011 as well. In the case of In re Dernick, No. 18-32417 (Bankr. S.D. Tex. 5/22/20), the fact that "there [we]re a fair number of complex and confusing details at play" was enough to prevent the motion in question from being objectively frivolous.
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Scotiabank earmarks $1.33 billion for bad loans in pandemic

05/26/20

The Toronto company also said it set aside 232 million this year for U.S. regulatory probes into the bank’s metals-trading practices and costs tied to the wind-down of that business.

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Biometric spoofing is harder than people think

05/26/20

New authentication methods make it harder to fake biometrics, Eric Setterberg of Fingerprints argues.

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S&T in Pennsylvania discloses potential exposure to check kiting scheme

05/26/20

The bank is trying to recover millions of dollars in returned deposits. It also has a $14 million loan to the company that allegedly conducted the scheme.

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Mortgage underwriting tightens as rates fall; HSBC mulls sale of U.S. unit

05/26/20

Despite record low mortgage rates, borrowers are having trouble getting loans from wary lenders; the underperforming American unit may be ditched in U.K. bank restructuring.

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Texas Capital, Independent terminate $3 billion merger

05/26/20

Texas Capital said that Keith Cargill had also stepped down as its president and CEO.

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