Bankruptcy Blogs

The backstory of Goldman Sachs' Marcus app, three years in the making

01/19/20

Adam Dell, founder of Clarity Money and now head of product at Marcus by Goldman Sachs, the design theory behind the new app.

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Buybacks as a Sovereign Debt Restructuring Strategy: Why the Disfavor?

01/19/20

The ideas in this post are drawn from work with Stephen Choi.  Errors are mine.

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How Chapter 7 Real Estate Sales Benefit Insiders

01/19/20

How Chapter 7 Real Estate Sales Benefit Insiders Randa filed Chapter 13 bankruptcy in March 2019. She was hoping to be able to save the family home, by catching up the mortgage over five years. Her husband was recovering from a long illness and was able to work full time again, making the catch up […]

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Regions' plan to boost lending in 2020

01/17/20

Total loans at Regions Financial fell slightly last year, but executives say a shift in consumer lending priorities and more aggressive C&I lending will start to pay off this year.

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Bank OZK chief preaches patience to nervous investors

01/17/20

The Arkansas bank is bracing for a rough 2020 amid record prepayments and a big substandard loan in its commercial real estate book, but CEO George Gleason insists shareholders will see "a nice payoff" in the long run.

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Bill would aid New York cabbies who can't make loan payments

01/17/20

Federal legislation introduced this week by Rep. Gregory Meeks, D-N.Y., would ensure that taxi drivers don't get taxed on medallion debt that gets forgiven. The bill dovetails with a debt forgiveness plan under development in New York, where hundreds of drivers have filed for bankruptcy.

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Suddenly, expenses rising faster than revenue at regional banks

01/17/20

Citizens Financial Group’s fourth-quarter results highlight the challenges regionals face in generating top-line growth.

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Truist's logo, Wells vs. USAA redux, Visa's Plaid pickup: Top stories of the week

01/17/20

Truist emphasizes high-touch, high-tech focus with new logo; Wells Fargo loses another patent lawsuit to USAA; what the Visa-Plaid merger means for banks, fintechs; and more from this week's most-read stories.

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Iberiabank deal ‘on track,’ First Horizon chief says

01/17/20

The Southeast banks expect to complete their merger by midyear, hit their savings targets and still be able to invest in growth, according to Bryan Jordan.

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Why this regional bank is dumping N.Y. multifamily loans

01/17/20

People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans.

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