Bankruptcy Blogs

Puerto Rico (A Quick Take)

09/28/19

So the debt restructuring plan is out. The New York Times indicates that the Oversight Board aimed to put the Commonwealth's debt at "less than" the average of the ten most indebted states. Not exactly a "fresh start" there, is it? Why not peg the debt to that of the average state?

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Who's new to the Most Powerful Women ranking for 2019?

09/28/19

Nearly a third of the women in the annual ranking are new additions, the largest amount in years. Here's an overview of the changes. Plus, Citi's Corbat on its bold gender equity move, and Wells Fargo's less bold CEO decision.

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Most Powerful Women in Banking, standout fintechs, Corbat on gender pay gap: Top stories of the week

09/27/19

Cathy Bessant, BofA’s chief operations officer, is the Most Powerful Woman in Banking; 6 standout fintechs at Finovate 2019; the Citi CEO says gender pay gap is ‘a challenge we need to tackle together’; and more from this week’s most-read stories.

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Suddenly CEO: Thomas Gibbons praised as right choice at BNY Mellon (for now)

09/27/19

Bank of New York Mellon’s quick decision to elevate the longtime executive to succeed Charles Scharf on an interim basis was well received. Will the board keep him, or search for an outsider for the long term?

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FHFA resolves dispute with employee over sexual harassment claim

09/27/19

Simone Grimes had alleged former FHFA Director Mel Watt made inappropriate advances toward her and she was paid less than the man who had previously held her position.

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No shortage of challenges facing Wells Fargo’s new CEO

09/27/19

Charlie Scharf’s most immediate priorities will be mending fences with regulators and getting the bank out from under a Fed-imposed asset cap. But he also must come up with strategies for spurring revenue growth and reining in expenses.

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Regulators finalize rule expanding exemption for home appraisals

09/27/19

The three federal banking agencies moved to raise the threshold for residential transactions that require an appraisal from $250,000 to $400,000.

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Refining supervision is as vital as tweaking post-crisis rules: Quarles

09/27/19

The Fed’s top regulatory official said how agencies adjust their supervisory approach may prove just as important as their rulemaking efforts.

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What Charles Scharf’s Visa years say about his plan for payments at Wells

09/27/19

In the payments world, Scharf is best known as the CEO of Visa Inc. from 2012 to 2016, where his strategies for faster payments, fintech partnerships and other key issues may shed light on what Scharf has planned when he becomes CEO of Wells Fargo.

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Senates vote gives the SBA's 7(a) program a last-minute reprieve

09/27/19

Caught in the middle of a credit-subsidy debate, the program would have shut down on Tuesday without congressional action.

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