Bankruptcy Blogs

Only the Financially Distressed May File for Bankruptcy

02/16/18

On February 13, 2018, Judge Silverstein of the Delaware Bankruptcy Court granted a motion to dismiss the Rent-A-Wreck of America bankruptcy case (Bankr. D. Del. case 17-11592). Judge Silverstein’s opinion is available here (the “Opinion”).

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U.K. regulator's big idea: Take innovation sandbox global

02/16/18

The Financial Conduct Authority is seeking input on whether it should expand its fintech testing ground to include startups and regulators from around the world.

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Banks' underground data vault is evolving — will it use blockchain next?

02/16/18

Banks scrapped a plan to create a shared data bunker for customer data in favor of a backup buddy system. Some argue a move to blockchain should be next.

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Fintech-friendly Cross River Bank partners with PeerIQ on loan data

02/16/18

Their partnership aims to make it easier for community banks and other institutional investors to vet loans that they could buy from online lenders.

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Here's how new Fed chief Powell is changing things up

02/16/18

Jerome Powell is the first Federal Reserve chairman in more than a decade to have any background in the private sector. That could explain changes he's implemented in his first weeks on the job.

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Citigroup lifts Corbat's pay 48% to $23 million for '17

02/16/18

Citigroup Chief Executive Officer Michael Corbat received $23 million in compensation for 2017, a 48 percent increase from a year earlier and the biggest pay package he's received since taking the top job.

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Don’t reinvent the wheel on housing finance: Restore Fannie and Freddie

02/16/18

As the debate over housing reform heats up, policymakers should give careful consideration to a plan that recapitalizes the government-sponsored enterprises.

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U.S. Bancorp hit with AML fine; bitcoin rallies

02/16/18

Bank’s alleged lax controls enabled a former customer to launder money in a payday lending scheme; digital currency has made back a chunk of its recent decline.

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Three M&A deals in seven months for Associated

02/15/18

Associated Banc-Corp has agreed to buy an insurance broker in Milwaukee after unveiling agreements to buy a community bank last summer and a Chicagoland wealth management firm in the fall.

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U.S. Bancorp, a big bank untouched by scandal — until now

02/15/18

The bank’s unsullied image took a hit when it admitted to misleading regulators regarding its efforts to combat money laundering.

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