Bankruptcy Blogs

Flint out at HSBC; Bair: Keep Congress out of CECL

08/05/19

The CEO's tenure lasted just 18 months; the former FDIC chair says having Congress more involved in setting accounting standards "could well backfire on the banks."

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HSBC CEO John Flint steps down after less than two years in role

08/04/19

Flint will be replaced on an interim basis by Noel Quinn, head of global commercial banking. The lender, which also released its latest quarterly results several hours earlier than scheduled, didn’t give a reason for the decision.

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Anticipating recession, banks start scrubbing loan books

08/04/19

It’s hard to time the next economic slowdown. But lenders, many with lingering memories of the financial crisis, are taking steps now to limit exposure in commercial real estate, construction and other loan segments.

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10 community banks that broke from the pack in 2Q

08/04/19

These banks posted strong quarterly results at a time when many others struggled with thinner margins and rising expenses.

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Coyle on Studying the History of a Contract Provision

08/03/19

The way many of us teach interpretation in Contract Law, there is little role for history (admittedly, this is just based on casual observation).

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The Fifth Circuit Finds a Way to Make It Even Harder to Discharge Student Loans in Bankruptcy

08/02/19

On Tuesday, the United States Court of Appeals for the Fifth Circuit released an opinion that, if anything, makes it even more difficult to discharge student loans in bankruptcy. Writing for a three-judge panel in a case called In re Thomas, Judge Edith Jones reaffirmed the court's commitment to the existing case law and added yet another judicial gloss to the words of the statute.

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Senate clash over SBA unit's powers puts agency's budget in doubt

08/02/19

A fight between Democrats and Republicans over a proposal to let the SBA’s Office of Advocacy challenge rulings made by other government agencies is threatening to hold up funding for small-business loan guarantees.

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Walmart crypto coin patent could be a back door to banking

08/02/19

Walmart has filed a patent application for a digital currency that, like Facebook's Libra, would be a stablecoin backed by traditional currencies. And it envisions a very specific use case where its coin could stand in for cash — or even for a bank account.

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Lenders dread prospect of Fannie, Freddie losing CFPB exemption

08/02/19

Many in the industry say releasing GSE-backed loans from stringent underwriting rules has helped the housing market recover, but a new level of regulatory burden could reverse those gains.

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FDIC approves application for proposed N.H. de novo

08/02/19

Millyard Bank is on a course to open by the end of this year.

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