Bankruptcy Blogs

How consumer banking leaders are embracing AI

10/18/17

Execs from Bank of America, Wells Fargo, BBVA, Ally Bank and others outlined their AI strategies, progress to date and lessons learned at BankAI this week.

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How one M&A deal at Midland States led to another — its biggest yet

10/18/17

The Illinois company, four months removed from its last bank acquisition, just announced the biggest purchase in its history. Alpine Bancorp. will add low-cost deposits and scale to Midland States' wealth management business.

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Settlement costs eat into M&T's 3Q profit

10/18/17

Strong gains in net interest income offset a decline in fee income, but a recent settlement with the federal government over alleged misconduct at its Wilmington Trust unit weighed on the Buffalo company's overall results.

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We need more than half-measures to right-size regulation

10/18/17

Recent regulatory reform activity is a step in the right direction, but the changes envisioned in both a Treasury Department report and a suite of House bills are a mixed bag.

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U.S. Bancorp's 3% loan growth drove 3Q profit gain

10/18/17

Net interest margin widened 12 basis points, too. Those lending results offset a decline in fee income at the Minneapolis company, which saw earnings rise 4%.

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Northern Trust ramps up cost-cutting plans despite strong 3Q

10/18/17

Profits at the custody bank rose 16%, but it announced a new streamlining program that is expected to generate yearly savings of $250 million by 2020.

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Hancock in Miss. announces rebranding effort, higher earnings

10/18/17

The company, which plans to change its name to Hancock Whitney next year, reported increased profit that reflected balance sheet growth.

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Banks’ so-so quarter; JPM dips toe into fintech

10/18/17

Quarterly earnings at big five banks could have been worse; Chase to buy WePay, which helps online marketplaces and crowdfunding websites process payments.

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American Apparel Preference Actions Filed in Delaware Bankruptcy Court

10/18/17

Earlier this month, APP Winddown, LLC (formerly known as American Apparel, LLC) and its chapter 11 affiliates (the “Debtors”) filed approximately 201 complaints seeking the avoidance and recovery of allegedly preferential and/or fraudulent transfers under Sections 547, 548, 549 and 550 of the Bankruptcy Code.

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Kenneth Burgess elected ABA chairman

10/17/17

Burgess, chairman of FirstCapital Bank of Texas, succeeds Dorothy Savarese, of Cape Cod Five Cents Savings Bank in Massachusetts, as chairman of the American Bankers Association.

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