Bankruptcy Blogs

Morning Scan: Deutsche Bank Weighs Future; Kanas to Retire

09/01/16

Receiving Wide Coverage ... Call for consolidation: Deutsche Bank CEO John Cryan called for more consolidation in the profit-challenged European banking industry, just after a German magazine reported the bank had considered amd rejected a bid for rival Commerzbank. "It is undeniable that Europe's banks are stuck in a fundamental dilemma," he said in remarks prepared for delivery at a conference in Frankfurt. "We have become significantly more secure since the financial crisis. We maintain moreÂ...

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Puerto Rico’s Oversight Panel is Here

08/31/16

Or rather, you can read about it here. Members include Professor David Skeel, whom many Slips readers will be familiar with.

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CFPB's Overreach Could Backfire. Just Ask the FTC

08/31/16

Industry fears about the Consumer Financial Protection Bureau's "UDAAP" authority recall steps Congress took in the '70s to rein in the Federal Trade Commission.

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How Recruiting Your Own Can Thwart Turnover

08/31/16

The challenges of running a business become exponentially greater when managers seem to be spending more and more of their time finding and training new team members than in actually executing strategy.

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Morning Scan: AML Explanation; Sledgehammers and Bullets

08/31/16

Wall Street Journal

AML clarification: U.S. banking regulators issued a "Fact Sheet" that tries to clarify anti-money-laundering rules that some critics say are forcing banks to cut off access to innocent countries, businesses and individuals for fear of being penalized. The report is intended to "dispel certain myths" about the rules, which have caused some banks to refrain from serving customers in island nations, emerging-market countries and those in drug-ridden areas, such as the U.S. border...

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Five Areas Where We Need Regulatory Balance

08/30/16

Banks and regulators both deserve credit for how they have navigated the post-crisis period, but how regulators continue to implement rules Â-- and how banks continue to deal with this environment Â-- will determine if this is a turning point for finance or the prelude to another round of pain.

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Regulatory Ambiguity Is Slowing Bank Adoption of Cloud Services

08/30/16

Banks need more specific guidance that clarifies requirements around vendor contracts, risk assessments, data management and other issues.

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Morning Scan: Congresswoman Seeks Volcker Data; Transferwise Flies Solo

08/30/16

Wall Street Journal Cutting out banks: Transferwise, the global money transfer startup that has so far worked indirectly with consumers through its bank partners, wants its own independent licenses, eschewing banks. The five-year-old London-based company currently partners with Barclays in the U.K. and Community Federal Savings Bank in New York. It has licenses in 37 states, and can operate independently in three states that don't require licenses. The company's CEO says having its own licenses willÂ...

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Easement Held to be an In Rem Property Interest Subject to Section 363 Sale

08/30/16

In the decision of In re Metroplex on the Atlantic, LLC, 545 B.R. 786 (Bankr. E.D.N.Y. 2016), the United States Bankruptcy Court for the Eastern District of New York held that an easement is an in rem property interest, subject to sale free and clear under Bankruptcy Code section 363(f).

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Success Is Easier When Employees Believe These Three Things

08/29/16

Employees are the heart and soul of any company. When they are engaged, they behave in ways that have a tremendous positive impact. Companies that want to tap into that power should foster these three attitudes in their employee ranks.

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