Bankruptcy Blogs

Silicon Valley Bank pays $250,000 per employee, tops in the U.S.

05/10/19

Silicon Valley, better known for hot tech start-ups and venture capital firms, is also home to the highest-paying public bank in the U.S.

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Crapo, Brown probe Facebook over financial data collection

05/10/19

Sens. Mike Crapo and Sherrod Brown are asking Facebook about its consumer financial data collection practices as they consider data privacy legislation.

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Round 2 -- Do the Euro CACs Have to be Used if There is a Need to Restructure a Euro Area Sovereign's Debt?

05/10/19

The intriguing question raised by Mark Weidemaier’s superb new paper posted a few weeks ago (here) was whether, if a Euro area country hits a debt crisis, it would be mandatory for it to use the Euro CACs that are now part of the majority of Euro area sovereign bonds.  Mark’s paper says no (for more, see also Tyler Zellinger, here; and Buchta, Shan, Plambeck & Shufro,

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Congress should review BB&T-SunTrust deal before agencies rule: Waters

05/10/19

The chairwoman of the House Financial Services Committee said the panel will be holding its own public hearings on the proposed merger.

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Don’t let AI become a black box

05/10/19

Banks must remain accountable for their use of artificial intelligence by continuing to employ a level of human oversight.

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BofA may go solo on payments processing; Trust banks’ slide

05/10/19

The bank may end its venture with First Data to work on its own; State Street and BNY Mellon's fee revenue from investor clients and stock prices are down.

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'The hypocrisy is unbelievable': Comments of the week

05/09/19

Readers weigh in on Wells Fargo's latest efforts to mollify regulators, debate the value of a "mini CFPB" in California, consider proposed changes to the Community Reinvestment Act and more.

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Can FHA's promise of softer enforcement get lenders back on board?

05/09/19

The industry welcomed a proposed overhaul of how the government identifies False Claims Act violations, but some say it remains to be seen if the changes are enough to satisfy companies that had bolted.

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Trump immigration crackdown hurting small banks on border

05/09/19

Heightened regulatory scrutiny and a slowdown in commerce have raised concerns about the viability of doing business along the U.S. Mexico border.

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Regions recruits fraud specialist from BBVA Compass

05/09/19

The Southeastern regional bank said Thursday that it had hired Lee Byrd to a new role dedicated to protecting customers and the company itself from fraud.

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