Bankruptcy Blogs

FDIC approves Florida group's de novo application

08/26/19

Organizers of Silver River Community Bank must raise $17 million before opening.

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FedNow service and blockchain closely linked

08/26/19

Crypto technology will play a major role in the central bank's real-time payments system.

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Legal win has credit unions on defense again over redlining charges

08/26/19

Banks are expected to appeal last week’s field of membership ruling, but credit unions must also explain why part of their new rule doesn't discriminate.

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Private credit bets big on cannabis companies as banks pass

08/26/19

Nonbank lenders Monroe Capital and MGG Investment Group have made a combined $115 million of loans to firms that make cannabidoil and supply products to the cannabis and hemp industries.

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Deutsche, UBS discussed alliance; battle over regulation continues

08/26/19

The banks considered an “unusual” investment banking merger; Volcker rule win will be followed by fights on capital rules, liquidity and stress tests.

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JPMorgan's contrarian move: Stockpiling securities

08/25/19

The bank started buying more Treasurys and mortgage-backeds over a year ago, long before talk about rate cuts. What did it know that its rivals didn't?

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Regulators aren’t done rolling back Volcker Rule

08/25/19

The agencies handed banks a significant victory when they finalized revisions to the Dodd-Frank proprietary trading ban, but officials also plan to re-propose changes to the “covered funds” section of the rule.

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House Democrats ask CFPB to abandon payday rule overhaul

08/23/19

House Financial Services Committee Chairwoman Maxine Waters and over a hundred other lawmakers want the agency to go forward with a mandatory underwriting requirement for payday loans.

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Postal banking's risks, Wells' endless problems, Capital One's M&A deal: Top stories of the week

08/23/19

Financial services is a dangerous diversification play for USPS, a contributor writes; Sen. Elizabeth Warren tells acting CEO that Wells Fargo is "still fundamentally broken"; Capital One buys a tech-focused investment bank; and more from this week's most-read stories.

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CRE meets AI in fintech's tool for lenders

08/23/19

Blooma has developed a software product that combs databases to create property profiles for commercial real estate lenders. It can drastically cut origination costs and approval times and help banks identify safer loans, the company says.

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