Bankruptcy Blogs

Fifth Third ramps up hiring to speed efforts to help customers

04/07/20

The Cincinnati company will hire about 950 workers to meet heightened demand for loan deferrals and other forms of relief clients are seeking to weather the economic fallout of the coronavirus outbreak.

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Lebanon’s Unusual Pari Passu Clause and the Question of How to Construct Credible Priority

04/07/20

A few weeks ago, Mark Weidemaier and I blogged about Lebanon’s unusual pari passu clause and Collective Action Clauses.

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Billions idled at banks after regulators balk at following Fed

04/07/20

The OCC and FDIC are holding off on easing debt limits in response to the coronavirus pandemic, leaving billions of dollars locked up at banking subsidiaries that could be used for lending amid the deepening economic crisis.

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Fed may give Wells breathing room; Dimon says not yet to dividend halt

04/07/20

Parties talking about a temporary lift of Wells' asset cap; GDP would have to drop an “unlikely” 35% in Q2 before JPMorgan would be forced to stop payouts.

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Fintechs, small banks do their part in coronavirus fight despite risks

04/06/20

Leaders like Chris Britt at Chime, Brett King at Moven and Jill Castilla at Citizens Bank of Edmond are getting inventive as they try to help those hurt economically by the pandemic.

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Updates on the Affiliation Rules Applicable to the Paycheck Protection Program (Title I of the CARES Act)

04/06/20

On April 3, 2020, the U.S. Department of the Treasury (Treasury) and U.S.

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Emergency loan program forces bankers to make hard choices

04/06/20

Lenders must balance the financial risk of extending credit without explicit backing from the Small Business Administration against the reputational risk of delaying aid for needy borrowers.

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Banks find creative ways to help cash-strapped health clinics

04/06/20

For many small providers, the coronavirus pandemic means falling revenue and rising expenses, as many either shut their doors to new business or staff up to deal with COVID-19 patients. Bankers say that means helping them bridge the cash-flow gaps until they can get back to business as usual.

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Fed will buy small-business loans to help coronavirus response

04/06/20

The central bank is creating a facility to provide financing to banks participating in the Small Business Administration’s Paycheck Protection Program.

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Regulators expand capital relief for community banks

04/06/20

After Congress temporarily lowered the leverage ratio used by smaller institutions, the federal agencies said they would allow a one-year transition before banks have to comply again with the regular standard.

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