Bankruptcy Blogs

Trio of regional banks latest to hike pay after tax reform

01/02/18

Three additional banks announced bonuses, wage hikes and charitable contributions resulting from the lower corporate tax rate enacted by Congress.

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CFPB 2018 outlook: More deregulation, more upheaval

01/02/18

If acting CFPB Director Mick Mulvaney ultimately prevails in the lawsuit challenging his position, he is expected to continue implementing the most significant changes to the agency in its six-year history.

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Fannie Mae's delinquency rate returns to high last seen in March

01/02/18

Fannie Mae's serious delinquency rate climbed to a high not seen since March 2017, but remained lower than it was 12 months prior.

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New York Fed makes rounds in search for next chief

01/02/18

Finding a perfect candidate could be tricky. Because the New York Fed oversees banks and operates in markets, someone with Wall Street experience is ideal — yet at the same time, it’s important to find a candidate who isn’t beholden to the banks.

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MidSouth in La. deemed to be in troubled condition by Fed

01/02/18

The move restricts what MidSouth can independently do with board appointments and executive duties. The company was hit with a similar assessment by the OCC last year.

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Three deals close out 2017 bank M&A activity

01/02/18

Acquirers announced deals in California, Missouri and Pennsylvania on the last business day of 2017, raising the year's final tally to 245 transactions.

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Don't believe the hype: There are no good uses for blockchain

01/02/18

After 10 years of development, nobody has come up with a use for blockchain that has been widely adopted.

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Goldman to take $5B tax hit; PwC called negligent in bank failure

01/02/18

But bank will benefit long-term from tax reform; judge says accounting firm failed to detect mortgage fraud that did in Colonial Bank.

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Key policymakers to watch in 2018

01/02/18

Over the past year, the focus of several banking policymakers has been how much the regulatory pendulum might swing back toward the industry’s liking. That theme will likely continue in 2018.

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Life Insurance Investment Company Files for Bankruptcy in Delaware

12/31/17

On December 29, 2017, Life Settlement Absolute Return I, LLC (“LSAR”), along with Senior LS Holdings, LLC (“Senior LS”; collectively with LSAR, the “Debtors”), filed petitions for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case Nos. 17-13030 and 17-13031).

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