Bankruptcy Blogs

When a credit union group buys a fintech that works with banks

12/11/18

CUNA Mutual, a service provider to credit unions, recently bought Mirador, which is heavily dependent on bank relationships. The challenge now is keeping those clients in the fold.

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Procedural Justice and Corporate Reorganization

12/11/18

I just posted to the Social Science Research Network my response -- Jevic's Promise: Procedural Justice in Chapter 11 -- to Jonathan Lipson's recent article about Czyzewski v. Jevic Holding Corp. and structured dismissals.

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What the first change to lease accounting in decades means for banks

12/11/18

The Financial Accounting Standards Board is requiring all companies to record leases for property and equipment on their balance sheets. Here’s how that revision could affect banks’ loan decisions — and their own capital ratios.

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Waters nominated to chair House banking panel

12/11/18

The California congresswoman would be the first woman and first African-American to lead the committee.

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Higher-than-expected deposit loss raises stakes for Flagstar-Wells branch deal

12/11/18

Balances from the 52 branches Flagstar bought from Wells Fargo fell by 22% between the deal's announcement and closing, forcing the Michigan company to adjust the math for earning back tangible book value.

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Kathy Kraninger sworn in as CFPB director

12/11/18

The Trump appointee officially took over for Mick Mulvaney as head of the agency following her Senate confirmation last week.

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Brokered deposits' bad rap is undeserved

12/11/18

The idea that deposit brokers are trying to game the deposit insurance system and could contribute to another crisis is outdated.

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Fast-growing fintech Even Financial hires JPMorgan exec

12/11/18

Nadine Murray, who had worked for JPMorgan Chase's consumer bank, will guide strategy for Even Financial. It creates APIs that are meant to make its services the digital version of branches and agents.

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Associated buying dozens of Wisconsin branches from Huntington

12/11/18

Associated will gain low-cost deposits and branches in 13 new markets after the deal closes.

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Why bank stocks are floundering; blockchain firms retrench

12/11/18

Expected weaker fundamentals, stock buybacks and higher interest rates all to blame; firms are downsizing as bitcoin prices crash.

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