Bankruptcy Blogs

Wells Fargo adds $1 billion to possible legal cost as woes mount

11/03/17

Wells Fargo & Co. added $1 billion in the third quarter to what it says the bank may face in possible legal expenses.

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Trump team targets special 'QM' status for GSEs

11/03/17

Growth in loans with higher debt-to-income ratios is reviving focus on a regulatory exemption for Fannie Mae, Freddie Mac and other federal agencies that back mortgages.

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GOP tax plan may not be so bad for housing after all, analysts claim

11/03/17

A House Republican tax proposal that infuriated housing groups and sent homebuilder stocks sliding would only have a modest impact on the market for new homes and could end up being a net positive for the industry, according to Keefe, Bruyette & Woods analysts.

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Digital investments give small banks deeper borrower pool

11/03/17

Community banks are spending on technology to expand without having to build new branches.

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‘Maybe credit bureaus are dead?’: Comments of the week

11/03/17

Readers weigh in on a blockchain-based credit bureau, react to the CFPB’s arbitration rule and chime in on calls to invest more in women.

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FHFA’s g-fee calculation ignores the law

11/03/17

The Federal Housing Finance Agency must set fees equal to the cost of capital that private banks hold against similar risk, not just the amount of capital that Fannie and Freddie think are right for themselves.

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Banks would win big with tax reform; Online lenders thrive

11/03/17

The proposed 20% corporate tax rate would benefit banks more than other industries; online lenders made nearly a third of new personal loans in the first half.

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Venezuela is Defaulting, Maybe . . . Maybe Not

11/03/17

The news out of Venezuela with regards to its debt situation has been keeping investors (who love the high returns, but dislike the uncertainty) in a tizzy, to put it mildly. But today's news was perhaps the most bizarre yet.  Mr. Maduro, on the one hand, announced that PDVSA (the big state-owned oil company that produces 95% of Venezuela's foreign currency earnings) was making its latest payment to creditors (due today) and, on the other hand, announced that a restructuring was being planned immediately.

What? Why? How?

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(More on) Sticky Shipping Contracts

11/02/17

A few days ago, I put up a post about a very interesting recent article by Richard Kilpatrick on highly sticky (and inefficiently so) shipping contracts.

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Longtime Valley National CEO to retire at end of year

11/02/17

Gerald Lipkin has been the New Jersey company's CEO since 1989. Ira Robbins, president of Valley National's bank, will succeed Lipkin.

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