Bankruptcy Blogs

JPMorgan's snarky tweet about financial wellness draws swift backlash

04/29/19

Bank critics and some lawmakers quickly seized on a tone-deaf posting by JPMorgan Chase that was designed to tout the virtues of saving money.

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Loan-loss provision put crimp in 1Q at BBVA Compass

04/29/19

The Birmingham, Ala., bank's profits fell 32% as its loan-loss provision tripled. The expense covered “isolated, one-off issues” in its commercial and consumer loan portfolios, CEO Javier Rodriguez Soler said.

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C&I a bright spot in 'disappointing' quarter for lending

04/29/19

Even as consumer and CRE lending slowed in the first quarter, business lending — particularly to middle-market companies — surged. But some banks are already warning that the growth could taper off as competition from nonbanks heats up.

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CFPB announces debt collection town hall as it preps new proposal

04/29/19

The debt collection proposal is expected to address how debt collectors can use text messages and emails to track down debtors.

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Citi's latest executive moves in consumer analytics, private banking

04/29/19

Citigroup has hired Murli Buluswar as head of analytics and information management in its U.S. consumer banking segment. It also has promoted Tracey Warson from head of Citi Private Bank, North America, to chairman of the unit.

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Speedy State Bank integration has Cadence set to expand in Georgia

04/29/19

The Houston company has already converted the systems and brand from January's acquisition, allowing it to focus more on bringing in business.

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A credit union's 'troubling' capital plan

04/29/19

The NCUA is letting Union Yes in California raise capital by turning to temporary funding sources, which banks have complained is an example of the regulator's overreach.

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SoFi reportedly in talks with Qatar for $500 million in funding

04/29/19

Expected to close this week, the deal would value the company at an amount similar to the $4.3 billion valuation of its 2017 funding round.

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Goldman Sachs, Regions help raise $55M for construction-lending fintech

04/29/19

Built Technologies will use the money to invest in research and development while it builds out its client base.

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Fifth Circuit Rules In Favor of Attorney Immunity

04/29/19
When dealing with contentious litigation, I have occasionally had a client ask why we can't sue the opposing lawyer.  When I try to explain that the other lawyer is merely representing his client, I get a tirade about how evil the other attorney is.   The better answer, as shown by a recent Fifth Circuit opinion, is attorney immunity.    Case No. 17-11464, Troice v. Greenberg Traurig, LLP (5th Cir. 4/17/19).
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