Bankruptcy Blogs

Banks heed Carney's call to tackle risks of climate change

07/11/17

Eleven major banks including Barclays, Citigroup and UBS said they'll seek ways to address the financial risks of global warming, after Bank of England Governor Mark Carney urged investors to act on the threat.

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JPMorgan's Dimon says EU may force more Brexit moves

07/11/17

JPMorgan Chase CEO Jamie Dimon said European Union officials could force London-based firms to move substantially more employees abroad than planned if they demand additional banking operations be performed inside the bloc.

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What’s really holding back blockchain in financial services

07/11/17

It’s not speed, which will steadily if not exponentially increase in the near term. It’s the centralists that are holding onto their roles as reconcilers of data.

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CFPB nixes arbitration; ‘Friendly’ regulator nominated to Fed

07/11/17

Agency rule would make it easier to sue banks, but Congressional Republicans likely to fight it; Trump nominates Randal Quarles as Fed’s vice chair for supervision.

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Exabanque, sécurité, avantages et fiabilité d’un système avancé

07/11/17

Exabanque, une banque fiable En termes de sécurité, Exabanque offre à tous ses clients des services de qualité non négligeables. En effet, lorsque l’on place son argent dans une banque, il faut en premier lieu que celle-ci soit sécuritaire. Pour cela, Exabanque possède un système de sécurité des plus performants, car cela fonctionne de la […]

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What an influx of capital from China could mean for U.S. CLO market

07/11/17

Chinese banks and insurance companies represent a new and potentially large source of capital that could crowd out U.S. banks as investors in collateralized loan obligations.

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CFPB Arbitration Rulemaking--and Potential FSOC Veto

07/11/17

Today the CFPB finalized the most important rulemaking it has undertaken to date.  This rulemaking substantially restricts consumer financial service providers' ability to prevent consumer class actions by forcing consumers into individual arbitrations. I believe this is by far the most important rulemaking undertaken by the CFPB because it affects practices across the consumer finance space (other than mortgages, where arbitration clauses are already prohibited by statute). 

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Trump chooses former Treasury official for key Fed job

07/10/17

President Trump will nominate Randal Quarles as the Federal Reserve's vice chairman of supervision, the top bank regulatory post at the central bank, according to an announcement by the White House late Monday.

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Bank of England completes cross-border payment proof of concept

07/10/17

Using technology from blockchain startup Ripple, the U.K.'s central bank completed a successful proof of concept—and reaffirmed its goal of integrating with distributed ledgers.

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CIT to provide commercial loans through Allstate partnership

07/10/17

CIT will provide revolving and term loan commitments of up to $100 million through a partnership with the Northbrook, Ill., insurance company.

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