Bankruptcy Blogs

Dimon says he'd raise his own taxes to get corporate rates cut

11/22/17

The U.S. needs to cut corporate tax rates to keep businesses from moving abroad, even if that means raising rates for wealthy individuals and removing the carried interest tax break for investment managers, said JPMorgan Chase Chief Executive Officer Jamie Dimon.

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Old Wine in New Bottles: Geopolitics and Venezuela's Debt

11/22/17
Mark Weidemaier & Mitu Gulati
 
Robin Wigglesworth and John Paul Rathbone have an insightful piece in the Financial Times on how China, Russia, and the US are jockeying for position in Venezuela, which needs debt relief. The other governments are in a position to either facilitate or impede this, with conditions.
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CFPB’s constitutionality question doesn’t end with Cordray’s departure

11/22/17

The outcome of a case testing the president's power to fire a CFPB director will come too late to impact Richard Cordray, but may affect President Trump's interim and final picks to lead the agency.

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Calls intensify to separate reverse mortgages from FHA fund

11/22/17

The Federal Housing Administration's recent actuarial report has added more fuel to the fire over concerns about reverse mortgages, including their effect on the overall FHA insurance fund and a rise in foreclosures.

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Group files application to form national bank in New York

11/22/17

New York Venture Bank would be run be a former Square 1 executive and would feature former CFPB deputy director Raj Date on its board.

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SBA rule change could boost already surging 7(a)

11/22/17

A decision to slash the equity required for most change-in-ownership loans could help the small-business lending program top its recent record.

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Welcome to open mic night at a Citi fintech unit

11/22/17

Borrowing from the startup world and some popular TV shows, Citigroup is encouraging employees to pitch innovative ideas to a panel of senior execs who could give them the green light to start work.

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Regulators must finish the job of penalizing Wells Fargo

11/22/17

The most immediate threat to the safeguards underpinning a well-functioning banking sector involves the failure of regulators to hold banks accountable.

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Chase considers bitcoin; Good news, bad news for banks

11/22/17

Bank ponders assisting customers trading digital currency futures; banks still face challenges despite a good third quarter.

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What banks can be thankful for this year

11/21/17

The past year has been a wild ride for everyone, but it has left bankers in particular with many reasons to count their blessings.Consider, first of all, the recent legislative action on Capitol Hill. After the surprise Republican sweep during last year's elections, bankers began putting together a wish list for policymakers, which included lower corporate taxes and a higher asset threshold for systemically important financial institutions. Congress has taken steps to address both issues.Regulatory agencies in Washington are also becoming more business friendly.

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