Bankruptcy Blogs

Regulators grant preliminary OK to Houston de novo

09/30/19

Gulf Capital Bank has received conditional approval from state and federal officials and could be up and running late this year or early next year, its organizers say.

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High anxiety over narrowing margins

09/30/19

Bankers are expected to field numerous questions on third-quarter earnings calls about the threat of shrinking loan yields, stubbornly high deposit prices and what they're going to do about them.

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HSBC shortlist for CEO said to include Citi's Bird

09/30/19

HSBC's shortlist for its next chief executive officer includes Stephen Bird, Citigroup's head of global consumer banking, and RSA Insurance Group CEO Stephen Hester, Britain's Sunday Times newspaper reported.

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Banks and Thrifts with the Highest Adjusted Nonperforming Loan Ratios

09/30/19

On Jun. 30, 2019. Dollars in thousands.

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Banks and Thrifts with the Highest Noninterest Income Ratios

09/30/19

On Jun. 30, 2019. Dollars in thousands.

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Fannie, Freddie will retain $45B in capital in first step toward privatization

09/30/19

The move to alter the government's preferred stock purchase agreements is the first major one under FHFA Director Mark Calabria's tenure to wind down the conservatorship of the government-sponsored enterprises.

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Virtual Currency's New Frontier: Cryptocollateral

09/30/19

States are just beginning to regulate cryptocurrency as a credit collateral for lenders. More can be done.

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Goldman’s ‘money pit;’ lenders embrace small installment loans

09/30/19

Goldman’s consumer unit, Marcus, has so far lost $1.3 billion; big lenders like JPMorgan Chase and Amex are making loans for small-ticket items like clothes and cosmetics.

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The Unsinkable Cathy Bessant: Bank of America's top tech exec takes on AI

09/29/19

She turned around troubled business units, rebounded after a demotion and beat cancer. Now Bank of America’s chief operations and technology officer is taking on her biggest challenge yet: ensuring AI is used responsibly.

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Puerto Rico (A Quick Take, Part II)

09/28/19

Coen, Andrew. The Bond Buyer; New York, N.Y., 30 Sep 2019:

Assured Guaranty, which insures a large amount of Puerto Rico debt, came out against the plan.

“Assured Guaranty does not support this plan of adjustment as it is premised on a number of terms that violate Puerto Rico law, its constitution and PROMESA," said Assured spokesperson Ashweeta Durani.

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