Bankruptcy Blogs

Global Preferences

04/14/17

An important opinion by one of our most knowledgeable bankruptcy judges, Judge Bernstein in Manhattan, may have reached the right result by the wrong path in deciding if a foreign debtor’s Chapter 7 trustee can avoid a foreign transfer to a foreign creditor. In re Ampal-American Israel Corp., 562 B.R. 601 (2017) (Ampal). Because the opinion’s reasoning may seriously weaken section 547 of the Bankruptcy Code, it is worth imposing on the reader’s time for a brief analysis.

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Secured Transactions in the Funny Pages

04/14/17

From the always wonderful Pearls Before Swine, some humor for the secured lending crowd.

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'This is child's play': Comments of the week

04/14/17

Readers weigh in on a notable OCC personnel change, the Scottrade breach, the ability of corporate owners to still be anonymous and more.

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Wells Fargo will not review accounts opened before 2009, CFO says

04/13/17

A review of activity that long ago would not shed additional light on the scope of misconduct in Wells Fargo's retail banking unit, CFO John Shrewsberry said in an interview.

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CIT taps former Citizens Financial exec as CFO

04/13/17

John Fawcett, previously CFO at Citizens Financial in Providence, R.I., will succeed Carol Hayles as CFO.

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Midsize banks on Dodd-Frank relief: Raise the asset thresholds

04/13/17

In an interview, CEOs for midsize banks said they are hopeful for a bipartisan Dodd-Frank Act reform bill that eases regulatory requirements for institutions with assets of more than $10 billion.

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Controlling costs, rebuilding revenue remain big challenges for Wells Fargo

04/13/17

The San Francisco bank says it's making strides in regaining the trust of its customers, but winning over new ones — as evidenced by a 9% decline in retail banking profits — remains a struggle.

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CFPB proposes 'minor' changes to HMDA rule

04/13/17

The Consumer Financial Protection Bureau proposed a series of clarifications to its 2015 rule expanding mortgage data collection requirements that many in the industry have said is too onerous.

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How do you make money when your job is to help people save?

04/13/17

Digit's decision to charge a monthly fee for its savings help speaks to the challenge of making fintech profitable.

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Soros' first female CIO; 'bro' bias in lending

04/13/17

A profile of Dawn Fitzpatrick following her big move from UBS to Soros; a weakness to watch out for in loans made by men to men; and the preponderance of female credit union CEOs.

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