Bankruptcy Blogs

Chicago-based Akouba will offer its origination and underwriting platform to ABA-member banks, which will receive preferred pricing.

Earlier this month, the U.S. Bankruptcy Court for the District of Delaware (the “Delaware Bankruptcy Court”) released an update to the Local Rules for the United States Bankruptcy Court District of Delaware (Effective February 1, 2017) (the “Local Rules”).  According to Local Rule 1001-1(e), the 2017 version of the Local Rules governs all cases or proceedings filed after February 1, 2017, and also applies to proceedings pending on the effective date, except to the extent that the Court finds that it would not be feasible or would work an injustice.

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The Federal Reserve Board should continue to focus on emerging systemic threats and work on exempting community banks from rules clearly aimed at larger institutions, said Fed Gov. Daniel Tarullo, who unexpectedly announced his pending departure Friday.

The settlement resolves a bitter, pre-crisis court fight in which Hank Greenberg squared off against three successive New York attorneys general over 11 years.