News Topic: Bankruptcy Blogs

Strong trading and investment banking fees also contributed to a 42% increase in profit to $12.1 billion in the fourth quarter. ... Read full article

Fourth-quarter results were hurt by restructuring and customer-remediation charges, but the release of credit-loss reserves and the sale of a student-lending business gave an unexpected boost to net income. ... Read full article

Issued in the final days of the Trump administration, the regulation has united banks, gun-control advocates and environmentalists in opposition. It could be blocked by Congress or a comptroller chosen by the new president. ... Read full article

This client alert is the second of a two part series concerning the Save Our Stages Act (the “ SOS Act ”), which became law on December 27, 2020 as Section 324 of the Economic Aid to Hard-Hit Small Business, Nonprofits, and Venues Act (the “ Economic Aid ... Read full article

The FHFA and Treasury will allow Fannie Mae and Freddie Mac to hold more capital as part of the Trump administration's plans to release the companies from conservatorship. But it is unclear if the incoming Biden administration will keep the mortgage ... Read full article

The National Credit Union Administration and the Consumer Financial Protection Bureau will hold strategy sessions and share information tied to consumer protections at institutions with more than $10 billion of assets. ... Read full article

In a party-line vote, the agency issued a proposal that would redefine a "complex" credit union. ... Read full article

There has been much discussion of the recent (2020) Argentine restructuring on creditslips, including by Anna Gelpern ( here ) and Mark Weidemaier ( here ), two people who know more about these matters than pretty much anyone else anywhere.  And ... Read full article

 The Supreme Court decided that a creditor which passively retains possession of estate property does not "exercise control" over such property in violation of 11 U.S.C. Sec. 362(a)(3). The Court viewed the word "exercise" to require ... Read full article

Diane Arnold, who will succeed the retiring Gregory Shook in July, has been with the bank since 2002. She is currently the chief lending officer. ... Read full article

Most consumers expect to be offered a variety of digital payment options in stores in a post-COVID-19 world, and small and midsize business believe that change will be permanent, a Visa study finds. ... Read full article

A sponsorship deal between the regional bank and the league will emphasize economic empowerment and financial education. It's a good example of how corporations increasingly seek to associate their brands with a cause or purpose, experts say. ... Read full article

Loan originations hit a record $16.7 billion in the fourth quarter, though executives caution that a recent rise in mortgage rates could slow refinancing activity. ... Read full article

A slower-than-expected rollout of the COVID-19 vaccines and the threat of social unrest after the Jan. 6 riot at the U.S. Capitol could threaten the recovery, according to an American Bankers Association panel. ... Read full article

The project will deploy $20 million as secondary capital to expand economic relief and financial inclusion, and follows a $1 million project last summer aimed at helping low-income consumers in Rust Belt cities. ... Read full article

Branch has been with WOCCU for 31 years, the last 10 of them spent as CEO. ... Read full article

The deal is a sign of further consolidation among Twin Cities-area credit unions, following another combination announced in May. ... Read full article

The bank agreed to acquire A Mortgage Boutique, which operates in six states. ... Read full article