Bankruptcy Blogs

App from Simple co-founder builds bridges from banks to blockchains

04/04/19

Shamir Karkal’s startup, Sila, is launching an API platform that gives developers a way to connect traditional bank systems to distributed ledgers like Ethereum.

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Bankers back bill to let states determine marijuana rules

04/04/19

A broad bill that amends the Controlled Substances Act to formally recognize state laws legalizing marijuana has the support of the financial services industry.

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United Bancorp. of Alabama raises $26 million

04/04/19

The company plans to use the new capital to pursue growth opportunities.

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A humble approach to gaining customers

04/04/19

Bank managers should remember their roots and keep their hands in business development, even as they climb the ranks.

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How this bank beat the odds to snag credit union assets

04/04/19

Alliance Bank Central Texas may have found a way around National Credit Union Administration regulations that make it difficult for banks to buy credit unions.

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Dimon sees recent volatility as harbinger of things to come

04/04/19

Jamie Dimon, in his 51-page annual letter to shareholders, warned investors to get ready for more wild rides like the one that upended markets at the end of last year.

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Glacier to enter Nevada with latest bank acquisition

04/04/19

The Montana company agreed to buy Heritage Bancorp for $241 million.

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Wells Fargo offers new student card benefits after backlash

04/04/19

Wells Fargo said holders of its student cards will see their costs decline by about half as its expands benefits after drawing scrutiny earlier this year for high fees on college campuses.

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Accounting board rejects bid to ease CECL; rate drop sparks mini refi boom

04/04/19

Publicly traded banks will have to book expected losses on loans starting next year; the jump in mortgage refinancings could be a mixed bag for banks.

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The Local Law Advantage in the Euro Area: How Much of a Constraint are the Existing CACs?

04/03/19

Collective Action Clauses for the Euro Area were mandated, starting in January 2013.  Yes, bizarrely, even though the introduction of Euro CACs was literally the single biggest innovation in sovereign bond contract terms in the history of this market, no one seems to have a clear idea of how these CACs (contractual restructuring mechanisms) are actually going to operate.  Specifically, if a Euro area country needs to restructure some day soon (e.g., Italy?), and it has a subset of bonds with these CACs (by next year, Italy will have something close

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