Bankruptcy Blogs

Here's How Wells Fargo Proves It's Not a Wall Street Villain

12/08/16

The bank must make fundamental changes to avoid becoming the ultimate scapegoat for grievances about Wall Street's biggest banks.

[more]

U.S. Should Think Twice Before Jumping on Open Banking Bandwagon

12/08/16

U.S. banks are smart to take their time in embracing a model that cedes space to nonbank competitors and could put consumers more at risk for identity theft.

[more]

Morning Scan: Fintech Firms Expand Services; Merrill's Ultimatum

12/08/16

Receiving Wide Coverage ...

Big brother: Credit Karma and Mint are ready to offer automated tax preparation services as part of new features "that will make them feel more like link" target="_blank">robotic financial advisers, tapping customers on the shoulder when they could make better financial decisions," as the New York Times puts it. Credit Karma said Wednesday it acquired AFJC Corp., an online tax preparation and filing company, and would begin offering its services, called Credit...

[more]

Resistance is Futile… Or so the Creditors Think.

12/07/16

Resistance is Futile.The holiday season has rolled around once again and regardless of whether you are in bankruptcy, this season tends to be a season of stress instead of joy. Americans continue to focus on purchases geared towards their wants instead of their needs.

[more]

Don't Let Online Banking Become an Afterthought

12/07/16

There's no denying we are in a mobile-first era. But banks must overhaul their online banking to reap long-term profitability.

[more]

The Time Has (Finally) Come for a Single Regulator

12/07/16

A Republican president and GOP-controlled Congress have the opportunity to disentangle the current regulatory web that leads to overlapping jurisdiction and duplicative rules.

[more]

Morning Scan: Wells CEO Assesses Damage; BofA Gives Tellers a Raise

12/07/16

Receiving Wide Coverage ...

Paying the piper: Wells Fargo CEO Timothy Sloan reiterated that the bank expects to spend tens of millions of dollars on investigations and other regulatory matters in the wake of its phony accounts scandal. "I think that seems reasonable today based on what we know. It's the upper end of our range from an efficiency standpoint," he said at a Goldman Sachs financial services conference Tuesday. He also said the scandal could...

[more]

Jevic and the Supremes

12/06/16

My own conflicted thoughts on Jevic, over at Dealb%k.

[more]

Trump's Immigration Policy Could Devastate the Housing Market

12/06/16

Although he has since walked-back his original pledge to deport 11 million people, if President-elect Donald Trump attempts to fulfill his campaign promise, the damage to the housing industry would be substantial.

[more]

Ending TBTF with Three Surgical Strikes

12/06/16

Rather than address systemic risk with impractical capital requirements, regulators can make a few subtle changes that will force the shrinkage of the largest banks gradually over time.

[more]