Bankruptcy Blogs

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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Regulators issue guide to boost availability of appraisers

05/31/17

Financial regulators issued joint guidance on Wednesday highlighting the availability of cross-state appraiser licensing agreements.

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Guaranty Bank failure was not an indictment of in-store branch model

05/31/17

The acquirer of the failed Milwaukee bank passed on assuming control of 107 in-store locations, but drawing a sweeping conclusion about the state of in-store banking from one story is difficult.

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B of A data center closings, severance to cost $425M in 2Q

05/31/17

The company will record a $300 million charge to cover the elimination of three data centers and book $125 million in broader severance costs.

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Deregulation poses global threat of regulatory arbitrage

05/31/17

In the end, many of the reforms designed to protect the global financial system and leading global economies from future crises could be erased.

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