Bankruptcy Blogs

Thanks for the Warm Welcome

09/30/17

My thanks to the Slipsters, and particularly to Bob, Mark and Anna, for making me feel so welcome to your space already. I've long been a fan of the generous and supportive environment you have created and nurtured over the years. Serious and yet fun. I'm thrilled to be joining in and hope to live up to what you have already created.

Thanks also for the multiple emails sharing insights on the results of the SEC Gender Gap study already; especially from those of you who have worked in similar settings.

 

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Elite Government Jobs, the Revolving Door, and the Gender Gap

09/29/17

We all know about the so-called revolving door where a few years of selfless government service translates into a high paying job in the private sector.  The question my co authors, Steve Choi and Adam Pritchard, and I set out to ask was whether these goodies resulting from government service got allocated to men and women on a differential basis. 

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AIG no longer systemically important, FSOC says

09/29/17

The Financial Stability Oversight Council said Friday that AIG, whose collapse threatened to bring down the U.S. financial system during the financial crisis, should no longer be subject to enhanced standards.

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Equifax, Wells and CFPB: Banking's momentous week on Capitol Hill

09/29/17

The week of Oct. 2 is shaping up to be a significant one for the financial services industry on Capitol Hill, as lawmakers grill the top executives of Equifax and Wells Fargo, as well as the top regulator of Fannie Mae and Freddie Mac.

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Ocwen settles servicing lawsuit with 10 states

09/29/17

Ocwen Financial reached a settlement with 10 states where it can't acquire servicing rights for eight months but it will not face any financial penalties.

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College try: Banks hope classes will help attract young employees

09/29/17

With baby boomers moving into retirement and many young folks eschewing careers in banking, the industry could soon be facing a talent shortage. Are more banking degree programs the answer?

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Five questions for U.S. Bancorp’s new head of consumer banking

09/29/17

Tim Welsh has spent his first two months on the job thinking about how to make U.S. Bank as central to consumers’ lives as Amazon, develop new personal financial management services, and expand into new cities.

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U.S. Chamber, banking groups sue over CFPB arbitration rule

09/29/17

The groups argue that the CFPB did not properly conduct a cost-benefit analysis of the rule banning mandatory arbitration agreements and that the final product will harm, not help, consumers.

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Capital One plans layoffs in U.S. credit card unit

09/29/17

The McLean, Va.-based company would not say where the jobs are based or how many positions are being eliminated. They come as Capital One's investments in digital technology are yielding efficiency gains.

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HSBC to pay $175 million to settle Fed probe of forex practices

09/29/17

Also on Friday, Deutsche Bank agreed to pay $190 million to settle allegations that it rigged foreign exchange rates.

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