Bankruptcy Blogs

Sterling in N.Y. to buy equipment finance business from Macquarie

03/06/18

Sterling would gain $458 million in loans and an origination platform by acquiring Advantage Funding Management.

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Bank with Korean-American, SBA focus plans to go public

03/06/18

OP Bancorp in Los Angeles aims to raise $20 million to fund organic growth and acquisitions.

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Amazon and JPM: It's not about banking, it's about payments

03/06/18

As with most of the company's inventions, an Amazon checking account would more deeply embed customers into an Amazon ecosystem that provides an endless flow of data and efficiencies.

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Chapter 11 Locale

03/06/18

For nearly two decades, the fact that many really large chapter 11 cases file in two districts has been a point of controversy.  On the one hand, the present system makes some sense from the perspective of debtor’s attorneys, and many DIP lenders, who value the experience and wisdom of the judges in these jurisdictions and the predictability that filing

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Amazon checks it out; Fed takes aim at Volcker rule

03/06/18

The online retailer wants to offer customers checking accounts but won’t become a bank; Quarles says the rule is too complex and “not working well.”

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Second group looks to form bank in North Carolina

03/05/18

Spirit Community Bank is being planned in Statesville, a community located about 45 miles north of Charlotte. A separate set of organizers has already shared plans to open a bank east of Charlotte.

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Meet the Wall Street veteran turning Wyoming into a crypto haven

03/05/18

State-level support will give the digital assets industry much needed footing, said Caitlin Long, a former managing director at Morgan Stanley.

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How would regulators react to Amazon-JPM checking partnership?

03/05/18

The negotiations between Amazon and big banks like JPMorgan Chase and Capital One to offer a checking-account-like product pose significant questions for regulators about the e-commerce giant pushing further into the banking space.

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Five takeaways from Amazon’s flirtation with checking

03/05/18

News that Amazon is courting banks to help it offer its own branded checking account raises major questions about which banks could be helped or hurt, who would control the relationship and how Amazon's partner(s) would make money.

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A bank M&A deal 12 years in the making

03/05/18

Juniata Valley Financial used a combination of patience and guile to land a hard-to-get Pennsylvania bank after wooing it for more than a decade.

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