Bankruptcy Blogs

Banks rush to boost shareholder payouts after stress test results

06/28/19

Some large banks, including Bank of America and JPMorgan Chase, will increase dividends and stock repurchases by double digits.

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Stress test results, BNY Mellon's digital play, bank reputations: Top stories of the week

06/28/19

Banks clear both rounds of stress tests (though two of them needed a do-over); BNY Mellon goes all-in on digital; bank industry struggles to stop slide in latest reputation survey; and more from this week's most-read stories.

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Which fintechs are best positioned to handle a recession?

06/28/19

In a downturn, some fintechs, such as independent lenders, will be more vulnerable to economic forces than those working to service banks' regulatory needs.

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Another reason for bank CEOs to dislike CECL: Smaller pay raises

06/28/19

The new accounting standard for loan losses combined with an expected rule change around incentive-based compensation could hit bank chiefs in the wallet, according to a new report.

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Warren tells Dimon to stop 'exploiting' with forced arbitration

06/28/19

Sen. Elizabeth Warren blasted Jamie Dimon for reviving a policy that pushes JPMorgan Chase's credit card customers into arbitration to resolve disputes instead of the courts.

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FSOC’s proposals would promote financial stability, not undermine it

06/28/19

Focusing regulatory reforms on risk-based activities is a more effective approach to weeding out potential systemic threats.

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Lowdermilk on Family Farmers in Financial Trouble - new paper!

06/28/19

Jamey Mavis Lowdermilk has just posted an article of interest to Credit Slips readers -- lawyers, judges, journalists, policymakers, and more. The article uses a case study of a chapter 12 family farm bankruptcy in North Carolina to ask bigger questions about farming finances and how public policy on farming is set. Extending the early work of now-Representative Katie Porter, Lowdermilk brings her own perspective and expertise to this topic.

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Goldman Sachs explores creating a digital coin like JPMorgan’s

06/28/19

CEO David Solomon said that Goldman is “absolutely’’ looking at digital currencies and conducting “extensive research’’ on tokenization.

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The second round of stress tests; State Street settles with SEC

06/28/19

The results clear the way for bigger dividends and stock buybacks at big banks; State Street agreed to pay $88 million to settle claims it overcharged clients.

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'The right to financial services should be universal': Comments of the week

06/27/19

Readers respond to how Congress should address AI, concerns on Facebook's Libra and its logo, a report challenging card fraud prevention and more.

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