Bankruptcy Blogs

The financial health apps CFSI and JPM are backing

06/15/17

The eight winners of an annual fintech competition will receive $250,000 in capital and resources.

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Citigroup’s Corbat reassures audience: No tweeting at 3 a.m.

06/15/17

Fundraiser-dinner humor aside, Corbat's comments about social media highlight the fact that several big-bank CEOs don't seem to have individual Twitter accounts.

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Financial firms should fear, but also admire, Amazon’s rewards program

06/15/17

Amazon’s new Prime rewards program is the latest way the tech titan is cultivating a loyal use base. To retain and engage customers, banks should follow Amazon’s lead and layer in more value-added services.

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JPMorgan Chase is biased against dads, ACLU suit says

06/15/17

The American Civil Liberties Union is accusing JPMorgan Chase of violating the Civil Rights Act by discriminating against fathers when they ask for parental leave.

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First Foundation in Calif. does first bank deal in two years

06/15/17

Adding Community 1st Bank would help it expand in northern California.

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The Choice Act is not a community banking bill

06/15/17

The legislation passed by the House to roll back Obama-era regulations is being touted as vital for small banks, but the bill’s main beneficiaries are elite megabanks.

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State Bank in Ga. to enter asset-based lending with AloStar purchase

06/15/17

AloStar, based in Birmingham, Ala., was formed following the 2011 failure of Nexity Bank.

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BofA lays off tech workers; Did Wells doctor mortgage mods?

06/15/17

Job cuts are the beginning of a new round of cost-cutting; Wells accused of modifying home loans on distressed borrowers without customer or bankruptcy court approval.

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Fisker Automotive – BMW’s Motion to Dismiss – Granted in Part

06/15/17

On June 13, 2017, Judge Kevin Gross of the Delaware Bankruptcy Court issued an opinion granting in part and denying in part BMW’s motion to dismiss a complaint filed by Emerald Capital Advisors Corp., in its capacity as trustee for FAH Liquidating Trust – established in the Fisker bankruptcy proceedings.  A copy of the Opinion is available here.

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Senate panel advances nomination of No. 2 at HUD

06/14/17

The Senate Banking Committee voted Wednesday to approve the nomination of Pam Patenaude to be the deputy secretary of HUD.

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