Bankruptcy Blogs

Banks cite regulations among reasons for repo spike: Survey

12/19/19

Many large lenders pointed regulatory restrictions on their balance sheets and reduced risk appetite to explain why they stood on the sidelines during the September spike in overnight funding rates, according to a Federal Reserve survey of senior credit officers.

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What inspired State Street's digital asset investing venture

12/19/19

The bank sees digital assets as part of the future and "we want to be there when this happens," says Ralph Achkar, head of digital product development and innovation.

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Fed payment system experiences second disruption of 2019

12/19/19

The Federal Reserve is investigating what may have caused delays in the processing of ACH transactions that began late Wednesday and continued into Thursday morning.

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California merger terminated over delayed regulatory approval

12/19/19

The FDIC was reluctant to sign off on the merger of Summit Bancshares and Faciam Holdings because the company planned to serve marijuana-related businesses.

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What will bank jobs look like in the future? OceanFirst has an idea

12/19/19

Chris Maher, CEO of OceanFirst Financial, shares how employees’ roles have already changed and his bank’s efforts to help them navigate AI.

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Pot banking backers stand firm in face of Crapo’s opposition

12/19/19

After Senate Banking Committee Chairman Mike Crapo poured cold water on legislation enabling banks and credit unions to serve the marijuana industry, several key supporters of the effort are pushing back.

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Supreme Court Grants Cert To Decide Fate of Repossessed Cars in Bankruptcy

12/19/19

Yesterday, the SCOTUS granted certiorari in City of Chicago v. Fulton, 19-357, to resolve a circuit split about whether a creditor's inaction in not returning property repossessed pre-petition can violate the automatic stay. The split arises predominately from chapter 13 cases in which, pre-petition, creditors repossessed or cities impounded debtors' cars.

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Pinnacle hires Synovus exec to open first office in Atlanta

12/19/19

The Tennessee company said that Rob Garcia will be in charge of building a commercial banking team in the city.

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Kearny expanding in northern New Jersey with MSB purchase

12/19/19

The company will pay $94 million for a bank with operations in New Jersey's Somerset and Morris counties.

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Give CRA reform credit where it's due

12/19/19

A provision of the Community Reinvestment Act overhaul package would rightfully hold lenders more accountable for reinvesting in cities where they are feeding off deposits.

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