Bankruptcy Blogs

Banks don’t need the Fed in order to succeed

08/15/17

Society has accepted central banks’ monopoly over creating and controlling the flow of money, but history and current technological innovations point to alternative approaches.

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JPMorgan's Dimon joins U.S. CEOs condemning Virginia violence

08/15/17

JPMorgan Chase Chief Executive Jamie Dimon joined U.S. corporate leaders in denouncing racial intolerance as the pressure heats up on them to challenge President Trump on social and other policy matters. However, Dimon remains on a key presidential advisory group.

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Berkshire loves Synchrony; What’s behind the bitcoin surge?

08/15/17

Warren Buffett’s firm buys big stake in retail credit card issuer while dumping shares in its former parent, GE; long-awaited update speeds transactions in the digital currency network.

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Delaware Bankruptcy Court Dismisses Claims against Echo/RT Holdings in Raytrans Bankruptcy Case

08/15/17

In the recent decision of Klauder v. Echo/RT Holdings LLC (In re Raytrans Holding, Inc.), Adv. No. 15-50273 (CSS) (Del. Bankr. Aug. 10, 2017), Judge Sontchi granted Defendants’ Motion to Dismiss the Trustee’s Second Amended Complaint, dismissing the Trustee’s claims in their entirety either under collateral estoppel or the doctrine of res judicata.

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Unprotected: How the feds failed two Wells Fargo whistleblowers

08/14/17

The mishandling of the two former employees’ complaints, detailed in documents and by former OSHA officials, raises questions about the government’s treatment of whistleblowers throughout the financial services industry.

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Dudley calls Cohn 'reasonable candidate' for Fed chair

08/14/17

Federal Reserve Bank of New York President William Dudley took the unusual step of weighing in on who might be the next head of the U.S. central bank, saying that former Goldman Sachs executive Gary Cohn was a "reasonable candidate" for the job of Fed chief.

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Nearing the $10B mark changes mindset at CenterState

08/14/17

Like many banks its size, CenterState in Florida may need to venture out of state to find a big enough acquisition to make additional compliance costs worthwhile.

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CFPB foes use well-worn consumer tactic against agency

08/14/17

Payday lenders and arbitration supporters are claiming the CFPB has met more often with consumer groups than industry, laying the groundwork for likely lawsuits on key rules.

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How credit unions cracked the code on HELOCs

08/14/17

Despite rising home prices and a market where many older homeowners are loath to sell, home equity line of credit lending remains muted in all but one corner of the industry: credit unions.

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With new version of iOS imminent, banks are already sprinting

08/14/17

When Apple or Google releases a new version of its operating system, banks are forced to respond by updating their mobile apps—running just to stay in place. Next month's release from Apple is especially challenging.

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