Bankruptcy Blogs

Wells not doing so … well; bitcoin as nest egg?

01/17/17

Wells Fargo faces an economic environment that may not be particularly suited for the way the bank is structured. Also: are you brave enough to make bitcoin a part of your retirement portfolio?

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Mortgages taking center stage at online lender SoFi

01/17/17

The startup, known for refinancing millennials' student loans, is now writing more than $100 million of home mortgages a month, and expects this to be its fastest-growing product. Here's why.

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ATopTech, Inc. Files for Chapter 11 Protection in Delaware

01/17/17

ATopTech, Inc. (“ATopTech” or “Debtor”), an electronic design automation software company manufacturing software solutions for engineers to assist them in the physical design of integrated circuits, filed a voluntary petition for chapter 11 bankruptcy relief on January 13, 2017 in the United States Bankruptcy Court for the District of Delaware.

In addition, ATopTech filed a motion to sell its businesses under section 363 of the Bankruptcy Code and has selected a stalking horse bidder. The Debtor expects that the sale will be completed by March 31, 2017.

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Scarcity, Money, and Undocumented Immigrants

01/16/17

Scarcity refers to having less than one needs -- time, money, calories when on a diet. For example, not having enough money reduces a person's cognitive capacity as much as missing one full night of sleep.

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Harvest Community in N.J. becomes first bank failure of new year

01/13/17

The bank is first to fail in New Jersey since 2012.

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Wells Fargo turns to cost cutting as scandal takes a financial toll

01/13/17

The San Francisco bank said Friday that it plans to close at least 400 branches over the next two years, part of an effort to reduce annual expenses by $2 billion.

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For First Horizon, bigger is better when scouting bank deals

01/13/17

The company would prefer buying banks with $5 billion to $10 billion in assets unless it finds an appealing alternative in a strategic market such as Raleigh or Nashville.

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Lesson from 4Q: Optimism about banks is far ahead of reality

01/13/17

JPMorgan Chase, Bank of America and PNC reported lackluster revenue growth as higher trading fees and increases in commercial lending barely compensated for consumer-side challenges.

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Ted Tozer, steward of Ginnie Mae for 7 years, departing

01/13/17

As president of the secondary marketing agency, Tozer has helped the mortgage market to continue functioning and keep up with changes following the financial crisis.

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