Bankruptcy Blogs

Bank of the Ozarks' 3Q profit climbs 26% on surge in new lending

10/11/17

A 38% increase in new loan originations led to another quarter of record earnings.

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Regulatory playing field for banks, nonbanks is anything but level

10/11/17

The Consumer Financial Protection Bureau was created in part to ensure that nonbanks are subject to federal oversight, but the fact is that 99% of banks are exempt from CFPB supervision.

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Equifax offers breach details; Bank rally needs validation

10/11/17

Hackers accessed driver’s license data on nearly 11 million people, the company says; the rally in bank shares may sputter out if third-quarter earnings reports disappoint.

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M&T's Wilmington Trust to pay $44M to settle allegations of loan fraud

10/11/17

Wilmington Trust and some of its executives had been accused of intentionally understating past-due loans in 2009 and 2010.

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NCBJ Report: What is a Limited Liability Company and Why Does It Matter in Bankruptcy?

10/10/17
This panel discussed some of the unusual issues raised by limited liability companies.   The panel consisted of Bankruptcy Judge Ashely Chan from the Eastern District of Pennsylvania,  Prof. Carter Bishop from Suffolk University Law School, Craig Goldblatt form Wilmer Hale, Paul L. Lion, III from Morrison & Foerster, LLP and Emily Pagorski from Stoll Keenon Ogden PLLC   Emily Pagorski and Craig Goldblatt played the role of litigators in two moot court arguments.
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NCBJ Report: The Wolf (of Wall Street?) at the Door

10/10/17
The Wolf (of Wall Street?) at the Door:   Lending to the Financial Underclass examined a variety of issues affecting those with limited means.   Bankruptcy Judge D. Sims Crawford from the Northern District of Alabama moderated a discussion with Thad Bartholow with Bartholow & Kellett and Prof. Creola Johnson from the Ohio State University Moritz College of Law.
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NCBJ Report: Broken Bench TV

10/10/17
This year's National Conference of Bankruptcy Judges takes place in Las Vegas at the Paris Hotel and Casino.   The conference kicked off just one week after the horrific shootings here.  Mass shootings represent a break down of the social contract.  The law is intended to resolve disputes between people without the need for violence.   Bankruptcy law deals with break downs of financial relations.
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More than 100 financial firms using Ripple blockchain software

10/10/17

Designed to compete with Swift, Ripple announced several new customers Tuesday. The startup says its software allows banks and others to send cross-border payments more quickly, transparently and cheaply.

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How JPMorgan Chase’s Erdoes handles ‘bad eggs’

10/10/17

The CEO of J.P. Morgan Asset Management and American Banker’s Most Powerful Woman in Finance shares advice about dealing with tricky clients and colleagues.

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Standing pat is not an option in the quest for branch relevancy

10/10/17

Branches may be closing in droves, but they still play a key role in attracting and retaining customers. Here's how three banks are trying to maximize their potential.

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