Bankruptcy Blogs

At Fattmerchant, innovation isn't confined to the tech team

02/24/19

Every week starts and ends the same way — with meetings where departments can share successes and challenges. It’s one way the payments company ensures cross-collaboration.

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CDS Strikes Again (Aurelius and Windstream)

02/24/19

Long ago I warned that the growth the of the CDS (credit default swap) market represented a threat to traditional understandings of how workouts and restructurings are supposed to happen. The recent Windstream decision from the SDNY shows that these basic issues are still around, notwithstanding an intervening financial crisis and resulting regulatory reform.

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Ex-Citigroup president Havens caught up in prostitution probe

02/22/19

The name of John Havens was on a list of 25 men, including New England Patriots owner Bob Kraft, being charged for soliciting, police officials in Jupiter, Fla., said.

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USAA's penalty; GSE reform gets harder; Citizens' buy: Top stories of the week

02/22/19

OCC orders USAA to improve risk management; White House's mixed signals complicate housing finance reform debate; Rhode Island bank snaps up dealmaking boutique; and more from this week's most-read stories.

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The app that stashes savings in a ‘money jail’

02/22/19

Fifth Third is helping consumers — and millennials in particular — save for big-ticket purchases with a new tool that squirrels away small sums into an account that can’t be immediately accessed.

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Two top Citi consumer banking executives to depart

02/22/19

Will Howle, head of U.S. retail and mortgage banking, and Alice Milligan, chief digital experience officer, will leave this spring.

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AI fintechs flush with venture capital sharpen focus on bank market

02/22/19

ComplyAdvantage, Cinnamon and Zoovu recently raised millions of dollars to fuel expansion of their automated risk management, data-scanning and customer service products geared toward financial services companies.

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Serial acquirer's new chief is taking a break from bank deals

02/22/19

Richard Marotta, who became Berkshire Hills' CEO after his predecessor's abrupt resignation, says his top priorities are squeezing more profit from existing operations and improving corporate culture.

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MUFG ordered to improve anti-money-laundering compliance

02/22/19

The OCC said that branches in New York, Los Angeles and Chicago will be required to take certain corrective actions, but it did not hit the Japanese-owned bank with any financial penalties.

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Bank regulators reject request for hearing on appraisal changes

02/22/19

The federal banking agencies will not hold a hearing on a proposal to reduce the number of residential real estate transactions that require an appraisal.

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