Bankruptcy Blogs

Your banker is always in: Sweden rolls out the robots

07/31/17

After blazing a trail in online and digital banking, Sweden's financial industry is now emerging as a pioneer in the use of artificial intelligence.

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As HSBC’s 2Q growth confirms turnaround, Brexit tab comes in: $300M

07/31/17

After posting a second quarter of revenue growth and with plans to return another $2 billion of cash to investors, departing boss Stuart Gulliver’s six-year turnaround of HSBC Holdings might finally be gathering momentum.

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SEC takes jab at startups while leaving the big banks alone

07/31/17

The agency’s new classification of “initial coin offerings” is yet another affront to the efforts by fledgling companies to raise funds.

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New contender for FDIC chief; banks feel strain in cards

07/31/17

Fifth Third's chief legal officer has emerged as a leading contender to get the nod as the FDIC's next chief; credit card profits under pressure at banks.

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Preferences Actions Filed in Univita Holdings LLC Bankruptcy Case

07/31/17

On July 19-21, 2017, David W. Carickhoff, in his capacity as Chapter 7 Trustee of the Estates of Univita Holdings, et al., filed approximately 46 complaints seeking the avoidance and recovery of allegedly preferential and/or fraudulent transfers under Sections 547 and 550 of the Bankruptcy Code.

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Success Fees – Technical Arguments Fail in the Face of Broad Definitions

07/29/17

In a decision signed July 26, 2017 in the Nephrogenex bankruptcy (case 16-11074), Judge Gross of the Delaware Bankruptcy Court approved of the application of the Debtor’s investment banker for a success fee over the objection of, among others, the Debtor and the purchaser of all the reorganized debtor’s equity. Judge Gross’s opinion is available here (the “Opinion”).

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New Wells scandal harms effort to nix CFPB arbitration rule

07/28/17

Republican efforts to repeal the Consumer Financial Protection Bureau's arbitration rule were dealt a significant blow Friday by another Wells Fargo scandal.

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Fifth Third lawyer is said to be a top candidate for FDIC chief

07/28/17

The Trump administration is considering nominating Jelena McWilliams, Fifth Third Bancorp's top lawyer, to lead the Federal Deposit Insurance Corp., people familiar with the matter said.

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Citi, Chase test limits of profitability in credit card rewards race

07/28/17

Banks are going to great lengths to sign up the so-called mass affluent for their credit cards. How far is too far?

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Blockchain tokens may be the future of finance — if regulators allow it

07/28/17

Startups and open-source software projects have raised $1.3 billion this year through initial coin offerings. The real boom may still lie ahead, fears of a bubble notwithstanding.

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