Bankruptcy Blogs

Urban Partnership seeks buyer: Report

02/15/18

The Chicago institution, formed in 2010 to buy the failed ShoreBank, has hired Sandler O'Neill to gauge interest from potential buyers, according to a published report.

[more]

Churches Are Still Filing Bankruptcy

02/15/18

Not only are religious organizations still filing under chapter 11. As in prior years, they continue to file under chapter 11 in line with fluctuations in consumer bankruptcy filings. Find a couple graphs below to show this. But first, some background.

[more]

‘Don't do it, Donald’: Comments of the week

02/15/18

Readers weigh in on the possibility of Mick Mulvaney becoming the White House chief of staff, debate whether the industry needs more or less consolidation, chime in on Wells Fargo’s updated mobile app and more.

[more]

B of A’s Moynihan: Big banks are 'fine' with Dodd-Frank

02/15/18

While small and regional banks are pushing for a rollback of the Dodd-Frank Act, big banks are largely supportive of the 2010 financial reform law, Bank of America CEO Brian Moynihan said Thursday.

[more]

Banks pour more money into mortgage fintech Roostify

02/15/18

Banco Santander joined existing investors JPMorgan and USAA as well as others in raising $25 million in secondary-round financing for Roostify, which seeks to build a paperless mortgage process.

[more]

Grin and bear it: The wisdom of getting along with bank analysts

02/15/18

Having solid relationships with those who cover the banking industry can lend credibility to management teams, especially when times are tough.

[more]

Big banks mostly mum about sexual harassment policies

02/15/18

Very few of the 20 largest banks in the country would answer just a few basic questions about their policies and programs around sexual harassment. But — trust them! — they are committed to equality. Even Maria Contreras-Sweet is kept out of critical meetings, though perhaps this wasn’t a “no girls allowed” situation, like at Point72 Asset Management.

[more]

Freddie needs $312 million from Treasury after writing down tax assets

02/15/18

Freddie Mac posted a fourth-quarter net loss of $3.3 billion and will request $312 million from the Treasury after recent tax reform legislation forced it to write down the value of deferred tax assets.

[more]

GSE reform isn't dead, but it isn't going anywhere either

02/15/18

Despite a legislative push by some senators and other stakeholders to jump-start housing finance reform, efforts to form consensus over a bill once again are stuck in neutral.

[more]