Bankruptcy Blogs

JPM disappoints; banks brace for Maxine Waters

01/15/19

The bank missed expectations although profit rose 67%; with the California Democrat leading the House Financial Services Committee, deregulation could slow.

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JPMorgan misses on revenue, earnings; echoes Citi in trading slump

01/15/19

The bank, which plans to host an investor day next month, didn’t provide any annual targets for 2019. The company said it expects net interest income to be little changed in the first quarter.

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'The crisis is overstated': United Income's Fellowes on retirement

01/15/19

Amercans are living longer yet retiring earlier and saving less, says Matt Fellowes, CEO and founder of United Income. But there's no need to panic.

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Huntington building AI into digital advice tools

01/14/19

Its savings, budgeting, spending and goal-setting tools, combined with artificial intelligence to add smart insights and advice, are a good example of how regional banks are trying to distinguish their mobile products from those of bigger banks with larger tech budgets.

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PNC to buy broker-dealer Ambassador Financial Group

01/14/19

The Pittsburgh-based PNC said Monday that it would buy the Allentown-based firm that provides balance sheet management, investment banking and capital markets services to financial institutions.

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First Hawaiian recording 4Q charge after restructuring balance sheet

01/14/19

The company, which has yet to report quarterly earnings, said the moves will turn a profit over time.

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Is SB 901 Constitutional?

01/14/19

PG&E filed a notice that it was preparing to file for bankruptcy in around 15 days.  Companies don't usually make this sort of announcement willingly; it's an invitation to a creditor run.  PG&E filed the notice because it's required to under a recently enacted California law, SB 901.  SB 901 requires public utilities to file notice of changes of control at

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Citigroup's big challenge for 2019

01/14/19

CEO Michael Corbat will need to lean heavily on credit cards and other consumer business lines, and keep driving down costs, to offset weaknesses in capital markets.

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Basel Committee releases new capital standard for market risk

01/14/19

The revised recommendations are one of the last remaining pieces left to finish in the Basel III capital accords.

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Washington de novo receives conditional FDIC approval

01/14/19

Though it wil be based in the nation's capital, MOXY Bank will also have significant operations in Charlotte, N.C.

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