Bankruptcy Blogs

Vernon Hill’s back in New York, and the playbook looks familiar

07/11/19

A lot has changed since Hill first entered the city, but he is determined to stick with the branch-dependent strategy he relied on before his ouster from Commerce Bank a decade ago.

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Fed official hints at changes to large-bank capital buffer

07/11/19

The central bank may need to rethink how it uses a tool meant to combat elevated risk in boom times, said Vice Chairman for Supervision Randal Quarles.

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Fed working group proposes SOFR-based mortgage by 2021

07/11/19

The Alternative Reference Rates Committee promotes the adoption of a new Secured Overnight Financing Rate index rate to replace Libor in pricing hybrid adjustable-rate mortgages within the next two years. The change would be the first application of SOFR to a consumer-loan product.

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Pot banking hearing is on Crapo’s radar

07/11/19

The head of the Senate Banking Committee said the panel could examine an industry-supported cannabis banking bill "relatively soon."

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Libra takes a beating on Capitol Hill (again)

07/11/19

For the second straight day, concerns about Facebook's cryptocurrency project dominated lawmakers’ questioning of Federal Reserve Chairman Jerome Powell.

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Bitcoin ATMs show gap in EU's money laundering rules, police say

07/11/19

A Spanish effort to prosecute a gang that used Bitcoin automated cash machines suspected of being a front for illegal-drug payments has exposed a hole in European anti-money-laundering controls, law enforcement authorities in the country said.

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Venezuelan Debt: Soft Power Matters

07/11/19

Mark Weidemaier and Mitu Gulati

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Trump says Deutsche Bank, now 'maligned,' wanted his business

07/11/19

President Trump defended troubled Deutsche Bank on Thursday and said the German financial institution wanted his business, which is now the subject of investigations by congressional Democrats.

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HomeStreet to buy out its loudest critic

07/11/19

The activist investor Blue Lion Capital, which had pushed for HomeStreet's sale, is selling all of its stock to the Seattle company.

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Premier to enter new Ky. market with latest bank acquisition

07/11/19

The West Virginia company will pay $15 million in cash for First National Bank of Jackson.

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