Bankruptcy Blogs

Why Cordray needs to go; a rift in bitcoin land

06/21/17

The Wall Street Journal enumerates the reasons why President Trump needs to fire the CFPB director; the bitcoin market is sharply divided over whether it’s a currency or a store of value.

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Dodd-Frank's "Abusive" Standard: The Dog that Didn't Bark

06/21/17

The Trump Treasury Department's Dodd-Frank Act report spends more pages on the CFPB (including mortgage regulation) than on any other issue.  There's a whole bunch of blog posts that one could write about the Treasury report, but I want to limit myself here to one item that has long been on the GOP/industry complaint list about the CFPB:  that its power to proscribe "abusive" acts and practices is a problem because the term "abusive" is novel and undefined and that this creates uncertainty that is chilling economic growth.  Total hooey.

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Why banks are wading back into energy lending

06/20/17

Oil prices are dropping again, but some lenders think now is the time to recommit to energy lending as long as they underwrite them a certain way for certain borrowers in certain regions.

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What next FDIC chair means for banks

06/20/17

Though James Clinger has been a top aide to House Financial Services Committee Chairman Jeb Hensarling, observers said the FDIC chair nominee's views may differ.

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Chicago-area bank's IPO sets stage for acquisitions

06/20/17

Byline Bancorp's decision to go public sends a message that it plans to dangle a more liquid stock in front of potential sellers. It also provides a way for certain shareholders to cash out.

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Hardware issue causes digital banking outage at PNC

06/20/17

Customers of the Pittsburgh company were unable to access their accounts via online and mobile channels for several hours on Tuesday.

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How AI could revolutionize custody banks

06/20/17

The image of traditional custody banks is as stodgy as it gets, but some are using machine learning to help their clients and their own research teams glean insights from massive amounts of data.

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Peak banking globalization hasn't come and gone, BIS says

06/20/17

The Bank for International Settlements, the Basel-based central bankers' bank, isn't ready to call an end to financial globalization.

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Treasury wants to weaken a crucial post-crisis capital requirement

06/20/17

The administration’s regulatory blueprint would undermine the calculation of the so-called leverage ratio, a key ingredient in determining large banks’ capital strength.

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Flashback: When Merrill Lynch went after community banks’ lunch

06/20/17

In 1981, a Louisiana banker sarcastically offered advice to a money market fund chasing deposits in his market, presaging today’s battles over nonbanks encroaching on banks' turf.

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