Bankruptcy Blogs

Leaving Dodd-Frank’s ‘Hotel California’ not as hard as you think

12/04/17

The Dodd-Frank Act included a provision to lock some of the biggest firms into enhanced supervision even if they wanted to exit. But that grasp may not be as strong as it used to be.

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A regional bank CEO’s take on tax cuts, hacking and fintech partnerships

12/04/17

During a sit-down interview, Bruce Van Saun, the CEO at Citizens Financial, explained how Washington policy changes could boost lending, why cyber threats keep him up nights and how fintechs and AI are changing the industry for the better.

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Big banks hope early bet on Alexa will pay off

12/04/17

With millions of Alexa and Google Home devices now in use, first-mover banks are rapidly developing services to let customers control their finances using only their voice — even if there are still many kinks to work out.

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Teaching moments courtesy of the Bankers of the Year

12/04/17

American Banker’s award winners for 2017 had moments in their careers where hard knocks taught an indelible lesson, they trusted their gut or they listened to good advice. Here is a takeaway from each of their stories.

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Eagle in Md. pushes back on claims of dubious insider dealings

12/04/17

Eagle is trying to debunk claims by Aurelius Value that CEO Ronald Paul and other directors are involved in an insider loan scheme. Eagle dismissed the report as an effort by short sellers to manipulate its stock.

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Richmond Fed Said to tap McKinsey's Barkin as president

12/04/17

Directors at the Federal Reserve Bank of Richmond have chosen Thomas Barkin, a senior executive at global consulting firm McKinsey & Co., as the institution's next president, said a person familiar with the decision.

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Madden ruling was a step backward. Congress should fix it

12/04/17

The court decision regarding the “valid when made” doctrine moved us further away from creating a more effective and inclusive financial system.

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CFPB taps Hensarling aide; CFTC approves bitcoin futures

12/04/17

Brian Johnson joins agency as senior adviser to acting director Mick Mulvaney; CME and Cboe are expected to begin trading bitcoin futures in the next few weeks.

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‘Elections have consequences’: Mulvaney’s plans for the CFPB

12/04/17

How will Mick Mulvaney reshape the consumer watchdog agency? American Banker Editor-in-Chief Rob Blackwell shares his inside-the-Beltway take on the CFPB’s future.

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Aurelius v. Puerto Rico's Control Board: What's the Game?

12/02/17

While most of the sovereign debt world is focused on Mr. Maduro’s shenanigans in Venezuela, a fascinating litigation is playing out in federal district court in Puerto Rico.  Aurelius, a hedge fund known to many of us because of the role it played in the legendary pari passu litigation against Argentina, is challenging the constitutionality of the Control Board that was put in place to run Puerto Rico’s debt restructuring (and, essentially, key aspects of its fiscal affairs). 

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