Bankruptcy Blogs

The top stories of 2018

12/30/18

The year saw anxiety over how banks would respond to record consumer debt, disruptive glitches at TD Bank and SunTrust, ongoing scandal at Wells Fargo, and much, much more.

[more]

Libor is going dark in 2021, and some banks aren’t ready

12/30/18

An effort to increase awareness of the transition to a new benchmark rate, and nudge banks to start preparing, is expected to intensify in 2019.

[more]

Nearly two years into turnaround, MidSouth chief still has his hands full

12/30/18

James McLemore, one of our community bankers to watch in 2019, has more energy loans to purge and must exit the Small Business Lending fund and a BSA-related enforcement action.

[more]

Public bank isn't the answer for California’s pot industry: Report

12/28/18

A state-backed bank would not be financially feasible because capital requirements would be too high and it likely wouldn’t return profits to the state for at least 30 years, consultants concluded.

[more]

Can core providers and small banks settle grievances in 2019?

12/28/18

Both sides acknowledge where expectations haven't been met, and are feeling the same market pressures to adapt faster.

[more]

International & Comparative Insolvency Law Symposium CFP

12/28/18

If you're wondering what to do with your New Year's downtime, you might consider submitting a paper proposal for an International & Comparative Insolvency Law Symposium, this year to be held at the beautiful University of Miami (in Coral Gables) on November 14-15, 2019.

[more]

Wells Fargo to pay state regulators $575M over phony accounts, other scandals

12/28/18

The cost of Wells Fargo's scandals continues to rise as regulators from all 50 states forced the institution to pay hundreds of millions in penalties for the creation of fake accounts, improper enrollment in life insurance, force-placed auto insurance policies and other activities.

[more]

Hope Bancorp moves to shutter branches, hold SBA loans

12/28/18

The branch closures will reduce overhead by an estimated $1.9 million a year.

[more]

Biggest competitive threat to banks is one of their own

12/28/18

JPMorgan Chase’s planned expansion into more than a dozen new markets threatens community banks and larger institutions alike.

[more]

'What will the next idiocy be?': Comments of the year

12/28/18

Readers this year responded to Mick Mulvaney's leadership at the Consumer Financial Protection Bureau, the banking industry's role in the national gun debate, Rep. Maxine Water's upcoming leadership of the Financial Services Committee, the influence of tech companies like Facebook and Amazon on financial services and much more.

[more]