Bankruptcy Blogs

Is Trump a systemic risk?

12/24/18

There is no banking crisis, but the president’s actions are threatening to create one.

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Can blockchain jolt energy payments? What about real estate?

12/24/18

Signature Bank on Jan. 1 will open its Signet Platform to support real-time settlement for commercial payments. The bank is collaborating with truDigital Holdings, a New York-based blockchain infrastructure, exchange and settlement technology company.

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Contractual Lunacies

12/23/18

My friend, Glenn West, who knows my obsession with boilerplate contract terms whose meaning the parties themselves don’t seem to know, sent me a lovely present today:  A link to an article in the ABA Journal by legal writing guru Bryan Garner on “Trying to Decipher Provisions that Literally Make No Sense”.  I realize that my sense of humor is warped, but I was laughing out loud at reading this.

Here is my favorite bit:

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Top bank M&A deals of 2018

12/23/18

A big splash by Fifth Third, a bid by WSFS to reinvent itself and some bold long-distance expansions highlighted a year where deal activity held steady but premiums rose.

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Mnuchin called CEOs of largest banks to talk market stability

12/23/18

Treasury Secretary Steven Mnuchin called top executives from the six largest U.S. banks over the weekend, he said Sunday on Twitter, a move that followed heavy losses in the stock market last week and a partial federal government shutdown.

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Cheat sheet: Can Trump actually fire Fed's Powell?

12/22/18

Media reports say President Trump is polling advisers on whether he can fire the head of the central bank. He probably can't, but that may not stop him from trying.

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Trump discusses firing Fed's Powell after latest rate hike, sources say

12/22/18

President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell as his frustration with the central bank chief intensified following this week’s interest-rate hike and months of stock-market losses.

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CFPB details what mortgage data will be public in 2019

12/21/18

The Consumer Financial Protection Bureau issued guidance late Friday that will shield some new mortgage data from the public that lenders are required to report.

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Texas community bank falls victim to phishing scam

12/21/18

CBTX said an unauthorized person obtained personal information for about 7,800 customers.

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U.S. Bank, Citi freed from Obama-era enforcement orders

12/21/18

The Office of the Comptroller of the Currency announced Friday that it has lifted restrictions relating to U.S. Bank's flawed efforts to prevent money laundering and Citi's deceptive marketing and billing practices.

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