Bankruptcy Blogs

Southern States in Alabama getting bigger with Small Town Bank deal

05/09/19

The proposed merger will create a bank with more than $1 billion in assets.

[more]

The unstable stability council: Inside FSOC's abrupt change of direction

05/09/19

The Financial Stability Oversight Council first wanted to target individual nonbanks that are economically risky. Now it wants to target activities instead. Is that a good idea or a political ploy?

[more]

Another advisor turns on Deutsche; Financial tools for sandwich generation

05/09/19

ECGS urges investors to oust the chairman and three executives; financial companies using AI to help adults manage their elderly parents’ finances.

[more]

On climate risk, U.S. regulators at odds with global counterparts

05/08/19

A sharp disagreement between foreign and U.S. regulators is emerging on how far banking supervisors should go in asking financial institutions to stress test their loan and investment portfolios for any risks associated with climate change.

[more]

It was a slow month for M&A until ...

05/08/19

Consolidation activity was ho-hum for most of April before a burst of transactions — and notable ones at that — were announced in the month's final week.

[more]

You name it, this fast-growing regional has a plan (just ask)

05/08/19

Pinnacle Bank chief Terry Turner never lacks specifics. He wants to expand inside a triangular zone that connects three Southern and mid-Atlantic cities, aims to enter five particular markets, and speaks bluntly about his plans for hiring alums of BB&T and SunTrust.

[more]

Wells Fargo creates unit to satisfy regulatory demands

05/08/19

It is designed exclusively to address concerns of regulators who have complained about the bank's lack of progress in recovering from a series of scandals.

[more]

Congress is closer to reforming AML, but will banks be satisfied?

05/08/19

Lawmakers are poised to advance a bill requiring that commercial customers identify their beneficial owners — taking that burden away from their financial institution — but the anti-money-laundering reform arguably most favored by banks has fallen off the radar.

[more]

Banks get help from AARP to spot elder abuse

05/08/19

Elder abuse costs banks $1 billion in deposits a year, according to AARP. It has launched a video-game-style online training program that teaches bank employees what to be alert for.

[more]

Ex-Im Bank finally has quorum to back big loans

05/08/19

The Senate has confirmed a new president and two board members, giving the U.S. Export-Import Bank the ability to approve loan guarantees of more than $10 million for the first time since 2015.

[more]