Bankruptcy Blogs

Key SBA program in danger of hitting legislative cap

03/30/17

Without congressional help, the 7(a) program could be forced to shut down for the second time in three years.

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B of A commits $1.5 million to boost Charlotte fintech effort

03/30/17

The money is intended to help the North Carolina city become a fintech hub.

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Despite the DAO-saster, its creators raise $2M

03/30/17

Slock.it says its current project will enable people to exchange the ownership of devices connected to the Internet of Things.

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CIBC boosts offer for PrivateBancorp to $4.9 billion

03/30/17

The revised offer is 20% higher than the initial bid, which amounted to a discount after bank stocks soared following the November elections.

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State regulators’ dialogue with fintechs is a hopeful sign

03/30/17

An improved state-level system could be a tremendous advantage. Working closely with a cooperative regulator, innovators large and small can rapidly test a concept within state lines.

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JPMorgan eyes Dublin as possible Brexit landing spot

03/30/17

JPMorgan Chase is in talks to buy a Dublin office building as the bank considers expanding in the Irish capital as one of its options for when Britain leaves the European Union, according to people with knowledge of the matter.

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Senators warn FHFA against suspending Fannie, Freddie dividends

03/30/17

A bipartisan group of senators told Mel Watt, the regulator who oversees Fannie Mae and Freddie Mac, that he shouldn't allow the companies to recapitalize without congressional approval.

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Another bank fudges; Santander auto unit fined

03/30/17

Citizens Financial workers say they made up meetings with bank customers to meet sales pressures; car financing subsidiary settles with two states for $26 million for making bad loans.

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Mid Penn to buy Scottdale Bank in Pennsylvania

03/30/17

Mid Penn agreed to pay $59 million for Scottdale Bank in a deal that is expected to close in the third quarter.

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Carve-out Provision in DIP Financing Order Did Not Limit Fees to Committee Counsel

03/30/17

In the recent decision of In re Molycorp, Inc., 562 B.R. 67 (Bankr. D. Del. 2017), Judge Sontchi held that a carve-out provision in a DIP financing order did not act as an absolute limit on the fees and expenses payable to counsel to the creditors committee in a case with a confirmed chapter 11 plan.

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