Bankruptcy Blogs

Wells Fargo profit surprise offers respite to 2019's tough start

04/12/19

Wells Fargo & Co. investors who stuck with the bank through a bumpy few months are being rewarded with the best first quarter in five years.

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JPM's profits up on revenue gain; Citi's changing of the guard

04/12/19

Bank's profits grow 5% on earnings growth; Citi's number 2 exec retirement shows the difficulty retaining a host of top executives.

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JPMorgan gets one more boost from rate hikes before Fed’s pause

04/12/19

The Fed may have stopped raising borrowing costs for now, but the biggest U.S. bank is still reaping benefits from higher interest rates.

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'Theater of the absurd': Comments of the week

04/11/19

Readers respond to this week's big-bank CEO hearing before the House, weigh the debate over Community Reinvestment Act reform, consider whether Wells Fargo needs a new brand and more.

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M&A, pot banking and more reg relief: What's on the minds of midsize bank CEOs

04/11/19

In a roundtable discussion, the heads of four banks called on Congress to move on CRA modernization and address the cannabis conundrum, while dismissing arguments that midsize banks need to merge to stay competitive.

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Attorney Michael Avennati Indicted on Charges of Filing False Operating Reports and Making a False Oath

04/11/19

A 36 count indictment filed today (April 10) charged high profile California attorney Michael Avennati with a host of charges related to bank fraud, tax fraud and bankruptcy fraud.  The indictment is available here.  According to the four bankruptcy fraud charges, Avennati, submitted, under penalty of perjury, monthly operating reports on behalf of a law firm Eagan Avennati a debtor and debtor in possession, that failed to report all of the firm’s accounts receivable

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De novo group aims to open first Utah bank in decade-plus

04/11/19

Organizers of the Bank of St. George have filed an application with the FDIC and state regulators and plan a public stock offering.

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Credit card, auto loan delinquencies hit seven-year high

04/11/19

More consumers were late in paying two major types of loans in the latest figures from the American Bankers Association, but it appears to be a relatively isolated problem.

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Regulators instructed to clear new rules with White House

04/11/19

The Trump administration directed independent agencies to submit their pending regulations for review by the Office of Information and Regulatory Affairs, a novel procedural hurdle that could slow down policy changes.

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Former top New York regulator joins New York’s FinTech Innovation Lab

04/11/19

New York's former banking superintendent will spend much of the next three months advising fintech startups on how to cope with regulators.

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