Bankruptcy Blogs

Institutional clients' deposit shuffle burns custody banks

04/23/19

Money managers, which are critical to the success of State Street and Northern Trust, are aggressively moving cash into higher-rate products.

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Fed seeks to clarify bank control framework

04/23/19

The Fed board unveiled a proposal Tuesday to standardize how investors owning less than one-quarter of a bank can determine who holds a "controlling" stake and therefore must register as a bank holding company.

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Fifth Circuit Resolves Multi-State Perfection Puzzle

04/23/19
In a lesson that the Uniform Commercial Code is not always uniform between various states, the Fifth Circuit resolved a lien priority dispute pertaining to a Texas debtor who brought agricultural products in Oregon, Michigan and Tennessee.    The opinion in a valuable primer in choice of law issues in UCC cases as well as how failure to strictly comply with state statutes can lead to loss of lien priority.   Fishback Nursey, Incorporated v.
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Activist investor to fight for HomeStreet board seats

04/23/19

Blue Lion Capital, which has been critical of the Seattle company in recent years, has nominated two individuals to become directors.

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CFPB to give more information to firms under investigation

04/23/19

Under a new policy, a company subject to a civil investigative demand will learn from the agency about what conduct the probe is targeting and what legal provisions the firm may have violated.

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'Wells Fargo should change today': Shareholders disrupt bank's annual meeting

04/23/19

Nearly a dozen shareholders disrupted opening remarks at Wells Fargo’s annual meeting in Dallas on Tuesday, pressing executives to answer for a series of scandals that have rocked the bank.

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Wells Fargo needs a retail banker at the helm

04/23/19

As the bank's board conducts its search for a new CEO, it should exclude Wall Street titans from any shortlist.

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Synovus struggles to win back investors despite early success integrating FCB

04/23/19

CEO Kessell Stelling said he thinks about Synovus' depressed stock price daily, even though his team is ahead of schedule cutting costs from a deal that closed in January.

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Fifth Third's commercial loan growth helps boost 1Q earnings

04/23/19

Fifth Third Bancorp in Cincinnati also closed on its purchase of MB Financial and benefited from increases in corporate banking revenues and a slight improvement in credit quality.

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LendingClub to close its small-business lending unit

04/23/19

Instead the online lender will refer commercial prospects to two partner companies as it seeks to focus on its core personal lending business.

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