Bankruptcy Blogs

PennySaver – Preference Actions Filed

05/31/17

On May 23, 2017, Don A. Beskrone, the chapter 7 trustee for the estate of PennySaver USA Publishing, LLC filed preference actions against 46 defendants.  PennySaver was an iconic company that specialized in the production, printing, and dissemination of a free weekly publication, offering coupons and classified ads to targeted audiences.

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A well-known digital bank could be back on the block

05/31/17

Customers Bancorp is weighing two cash offers and other options for BankMobile after Flagship Community Bank was unable to raise the capital needed to buy the unit.

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The other big risk in auto lending

05/31/17

GrandSouth Bancorp's issues with floor-plan loans to car dealers serve as a reminder of another pitfall in auto lending besides consumer loans.

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Banks’ near-term outlook in three words: ‘Solid, not stellar’

05/31/17

Loan growth is tepid, optimism has waned for regulatory and tax reform, and questions abound on consumer credit, bank executives are warning as midyear approaches.

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Spanish banks, corporations create cross-industry blockchain platform

05/31/17

Several leading banks and corporations in Spain are launching a cross-industry development platform called Red Lyra, leveraging blockchain technology to streamline the creation of services that use digital identities.

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Confidence high, but mixed signs of economic vigor: Fed

05/31/17

In its regular Beige Book report, the Federal Reserve said that despite high consumer confidence, economic vital signs remain mixed.

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The Chimerical Medicare Bar on Bankruptcy Jurisdiction

05/31/17

Statutory interpretation enthusiasts: prepare to nerd out on an issue on which the Court has a cert petition pending.  The question involves the federal jurisdictional bar to Medicare challenges.  Let’s start with the text:

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KeyCorp to buy fintech firm that helped it score with customers

05/31/17

KeyCorp is acquiring HelloWallet, a personal financial management product it has offered its bank customers since 2015, from the investment research firm Morningstar.

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NYC mayor wants city to halt doing business with Wells Fargo

05/31/17

New York Mayor Bill de Blasio and Comptroller Scott Stringer are pushing to prevent the city from hiring Wells Fargo to lead bond sales or handle other banking business until it improves its track record of lending in poor communities.

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Why banks need to be wary of politics in hyperpartisan era

05/31/17

The social media furor after a powerful congressman targeted a community bank exec underscores the difficulties of managing in the current partisan political climate.

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