Bankruptcy Blogs

Investors Bancorp agrees to give board seat to big shareholder

03/29/17

The New Jersey company added a representative of Blue Harbour Group in Connecticut to its board.

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Citizens falls on report workers faked bank appointment data

03/29/17

Citizens Financial dropped the most in the 24-company KBW Bank Index after some branch workers told a newspaper they faked information about customers attending its "Citizens Checkup" program.

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CRA downgrade is least of Wells Fargo's problems

03/29/17

Low scores make it harder for banks to get regulatory OKs to expand, but Wells is in retrenchment mode anyway.

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First Bank to buy Bucks County Bank in Pennsylvania

03/29/17

First Bank, based in New Jersey, will pay about $27 million for Bucks County Bank in a deal that is expected to close in the third quarter.

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Are human traffickers hiding in your bank's data?

03/29/17

Data and analytics tools can help banks detect financial patterns that may indicate that human trafficking is occurring.

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Santander Consumer agrees to $26M settlement with state AGs

03/29/17

The subprime auto lender funded loans through a group of car dealers that it knew had track records of high default rates and fraud, authorities in Massachusetts and Delaware said.

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Crypto exchange ShapeShift raises $10.4M for growth

03/29/17

The exchange, founded by a bitcoin pioneer in 2014, is facilitating more than $50 million worth of transactions each month, as the "gold rush" in blockchain-based assets takes hold.

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Ukraine's Defenses to Russian Bond Claims Rejected

03/29/17

The judge hearing Russia's lawsuit to enforce its $3 billion loan to Ukraine issued an opinion today, rejecting Ukraine's defenses to the lawsuit. Bloomberg and the

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The Structure of Dismissals – Supreme Court’s Jevic Decision Lays Out Ground Rules for Parties Seeking to Resolve Bankruptcies Through the Increasingly Popular Method of Structured Dismissals

03/29/17

On March 22, 2017, the Supreme Court in Czyzewski v. Jevic Holding Corp., 580 U.S. __ (2017) held that a bankruptcy court does not have the power to approve a structured dismissal of a bankruptcy case that violates the Bankruptcy Code’s priority scheme unless the affected parties consent.

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N.Y.‘s bank cop to federal regulators: Follow our lead

03/29/17

New York State Department of Financial Services Superintendent Maria T. Vullo speaks out on cybersecurity regulation, cracking down on bad actors in the industry and the OCC's fintech charter.

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