Bankruptcy Blogs

Banks across the Carolinas assess aftermath of Hurricane Florence

09/17/18

The storm dumped a record amount of rain on North Carolina over several days. Some sections of the coast remain off limits due to flooded highways.

[more]

Excuse Me?

09/17/18

Barry Ritholtz has a generally sensible column about the ten-year anniversary of the financial crisis, but the bankruptcy stuff really makes no sense at all. Start with this proposition:

I believed then (and still believe) that the best course of action would have been prepackaged bankruptcies for all the insolvent institutions instead of bailouts.

[more]

CFPB tries sweetening pot for firms testing disclosure changes

09/17/18

In its proposed “disclosure sandbox,” the bureau has eased restrictions on firms seeking a safe harbor from liability.

[more]

SunTrust glitch takes down online, mobile service

09/17/18

The bank chalked up its outage to "a normal system upgrade that experienced technical difficulty."

[more]

Where the magic happens

09/17/18

Loan officers whose habits are attuned to the refi market need to improve their relationship game to make it in this business, NBKC Bank's Dan Stevens told attendees at Digital Mortgage 2018.

[more]

What happens to banking policy if Dems win both chambers of Congress?

09/17/18

The tightening of Senate races in Republican strongholds has raised the prospects of Democrats having even more influence on regulatory appointments and the legislative agenda.

[more]

Goldman Sachs names Carey Halio head of its banking unit

09/17/18

Halio has served as chief financial officer of Goldman Sachs Bank USA for the past four years, and she previously worked in the company’s credit risk division

[more]

'It has to be more than a digital mortgage': Anthony Hsieh

09/17/18

Customers are increasingly demanding that their mortgage providers provide more than loans; they want help finding a realtor and handling all the pieces of the mortgage process, said Anthony Hsieh, CEO of Loan Depot, during the opening keynote at Digital Mortgage.

[more]

A slow economy gave regionals chance to catch up on tech

09/17/18

A sluggish business climate and few M&A opportunities freed up midsize banks to invest in better tech systems and services, says Regions Chairman Grayson Hall.

[more]

How this regulator is using AI to probe financial fraud

09/17/18

The U.K.'s Serious Fraud Office employs software that can read discovery documents about 2,000 times faster than human lawyers and can find previously unknown patterns between people, enabling quicker investigations and penalties.

[more]