Bankruptcy Blogs

Highest Loan/Deposit Ratios Among Bank Holding Companies

11/11/19

Year to date Jun. 30, 2019. Dollars in thousands.

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U.S. payments system could use an ally like Libra

11/11/19

China dominates the business. Facebook's proposed cryptocurrency could help alter the balance of power.

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Viral tweet accusing Apple Card of sexism leads to regulatory probe

11/10/19

The New York Department of Financial Services is opening a probe into Goldman Sachs' credit card practices after a viral tweet from a tech entrepreneur alleged gender discrimination in the new Apple Card's algorithms.

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Small banks resisting digital (yes, they exist) warned to wise up

11/10/19

Most consumers, even those in rural communities, have become accustomed to digital services. That's something certain community banks better face up to, panelists at the ABA conference said.

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Jerome Powell’s narrow path to second term as Fed chair

11/10/19

Unlike previous central bank chiefs, Powell’s chances of being renominated by either the current president or many of the Democratic contenders are slim.

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Justice Gorsuch Addresses NCBJ

11/09/19

Bankruptcy Judge Michael Romero had a fireside chat with Supreme Court Associate Justice Neil Gorsuch about his role on the Court and his new book, The Republic If You Can Keep It.   If it looks like they are speaking from the pit of Hell, it is because there was a giant video fireplace behind them.

Judge Romero started by reminding Justice Gorsuch about the quiet and happy life he left behind in Denver when they had  courthouses across the street from each other.

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ABI's Keynote Address: CBS's Jan Crawford Talks About the Supreme Court

11/08/19

Jan Crawford of CBS News gave a talk on The Supreme Court Under Trump at the ABI Luncheon.  She asked the audience to turn back to 1990 – 1991.  David Souter and Clarence Thomas had just replaced two liberal giants on the court.  After Ruth Bader Ginsberg and Stephen Breyer were appointed in 1994,the same nine justices would serve together for eleven years.   It was a time of great hope for conservatives.

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Start Spreadin’ the News: California Court Says No to New York, New York; Rejects Forum Selection Clause

11/08/19

Sinatra may have found success in the city that never sleeps, but a California court has just made it more difficult for any party doing business with a California resident to do the same. At least, when it comes to resolving disputes without a jury in a New York courtroom, or in the courtroom of any other jurisdiction that enforces pre-dispute jury trial waivers. This case will be of major interest to commercial lenders, and other businesses, who prefer to use New York as their jurisdiction of choice for governing law and adjudicating disputes.

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BB&T and SunTrust have extra incentive to close deal in '19

11/08/19

Completing the deal before the new year would let the merged company avoid an earnings hit in complying with the Current Expected Credit Loss accounting standard and give it more flexibility on capital adjustments.

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Year's 2nd-biggest merger, bank failures, small-bank layoffs: Top stories of the week

11/08/19

First Horizon, Iberiabank in year's second-biggest bank merger; bank failure in New Jersey is nation's third in a week; smaller banks take a turn swinging the ax; and more from this week's most-read stories.

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