Bankruptcy Blogs

Treasury's bankruptcy plan would mean more, not fewer, bailouts

02/23/18

It’s unlikely a new chapter of the bankruptcy code for banks would be used in times of crisis or strengthen market discipline.

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BB&T to pay special dividend due to tax cut

02/23/18

Banks may start paying special dividends now that capital levels have improved.

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New Saudi Bankruptcy Law ... A Boon for SMEs?!

02/23/18

Saudi Arabia's King Salman has approved a new bankruptcy law. {Download Saudi BK final 2-2018} Commentators have

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Guns pose a political risk for banks

02/23/18

The sale of firearms is becoming a flashpoint for millennials. That could put individual banks in the position of having to take a stand on gun control — or risk reputational damage.

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Costs of bitcoin; Bank ends NRA connection

02/23/18

Bank of America warns of “substantial” costs from cybercurrencies; First National Bank of Omaha knuckles under to a “barrage” of complaints.

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‘Who needs FDIC deposit insurance anyway’: Comments of the week

02/22/18

Readers weigh in on the idea of using banks to effectively ban assault rifles, slam a pot-banking proposal, opine on social media strategies and more.

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How S.2155 (the Bank Lobbyist Act) Facilitates Discriminatory Lending

02/22/18

If you think it's ridiculous that the CDC can't gather data on gun violence, consider the financial regulatory world's equivalent:  S.2155, formally known as the Economic Growth, Regulatory Relief, and Consumer Protection Act, but better (and properly) known as the Bank Lobbyist Act.  S.2155 is going to facilitate discriminatory lending. Let me say that again.  S.2155 is legislation that will facilitate discriminatory lending.

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Wells sparks more social media anger after second glitch in two weeks

02/22/18

Some Wells Fargo customers on social media Thursday afternoon expressed frustration with not being able to log in to accounts digitally. The San Francisco bank responded in a tweet acknowledging the problem.

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In Massachusetts, a call for a public bank to serve pot firms

02/22/18

With the state only months away from allowing the sale of pot for recreational use, its top cannabis regulator is urging policymakers to consider creating a public bank to provide services to growers and dispensaries that might otherwise have nowhere else to bank.

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Cost-cutting banks find oasis in Arizona desert

02/22/18

A mix of tax sweeteners and a lower cost of living has prompted banks such as MUFG Americas, Northern Trust and Bank of the West to locate corporate-level jobs in Phoenix and surrounding areas.

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