Bankruptcy Blogs

California gives more cover to firms banking pot businesses

10/03/19

Officials said Thursday that they will not take regulatory action against state-chartered banks and credit unions solely for serving licensed cannabis businesses.

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A toast to the Most Powerful Women in Banking and Finance

10/03/19

American Banker's Most Powerful Women in Banking and Finance gathered at the Gitano Jungle Room in New York on Wednesday for an evening of cocktails and conversation.

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More research needed into why banks decide to sell, regulators say

10/03/19

The factors that drive small banks to accept acquisition offers and the impact those decisions have on their communities must be better understood, according to the Fed’s Michelle Bowman and the FDIC’s Jelena McWilliams.

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Impeachment fight derailing banking bills? Think again

10/03/19

Democrats’ investigation of President Trump has darkened the horizon for legislative activity in Washington, but prospects for a pair of bipartisan measures backed by the industry are surprisingly bright.

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Why 'WaFd'? To avoid being seen as a credit union

10/03/19

When Washington Federal last rebranded, it was to signal its shift from a savings and loan association to a commercial bank. This time around, it's to reflect geographic diversity and its desire to be viewed as a bank.

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Radius Bank partners with Brex to launch corporate account with rewards

10/03/19

It's the latest move by Radius to extend its banking-as-a-service offering to fintech partners.

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Small banks don’t have to win the tech race to come out ahead

10/03/19

Good customer service, layered with new technology, gives community banks an advantage over big banks.

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Trader says bank framed him; Government big on housing

10/03/19

Rohan Ramchandani claims in lawsuit Citigroup singled him out to protect itself; three federal agencies now back almost $7 trillion in mortgage debt.

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The Clock Is Ticking for the Sacklers

10/02/19

It's funny how what goes on in one bankruptcy case can sometimes point to looming issues in another. The PG&E plan exclusivity fight suggests an interesting dynamic looming in Purdue:  Purdue's own plan exclusivity could expire, which would completely upend the dynamic of negotiations with the Sackler family for a plan contribution in exchange for a non-consensual release of creditors' claims against them.  

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From rising star to center stage: JPMorgan Chase's Thasunda Duckett

10/02/19

When she was growing up, Thasunda Duckett's family used crates as furniture and struggled to buy groceries. Now she's become one of JPMorgan Chase's most visible executives, using the lessons of her past to help guide the company's massive branch expansion

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