News Topic: Bankruptcy Blogs

Citigroup can seek information on the relationship between investment managers and Revlon Inc. creditors who have refused to return millions of dollars the company says it mistakenly sent them, a judge ruled. ... Read full article

Lenders risk litigation and fines for misconduct if clients say they hadn’t fully understood the consequences of a shift to a replacement benchmark after the London interbank offered rate expires at the end of 2021, Moody's said. ... Read full article

A former employee of Member's 1st Federal Credit Union was accused of stealing more than $19,000. ... Read full article

She will be the first woman to lead a major division at the bank in several years; the bank admitted that its traders tried to manipulate precious metals and Treasury bond markets. ... Read full article

The National Credit Union Administration generally only approves a handful of charters each year, but sustained economic troubles are likely to make launching a new institution even more challenging. ... Read full article

Promoted to executive director of the retail bank in April, McKinney oversees an operation that accounts for roughly 40% of Comerica’s workforce and 435 branches in five states. ... Read full article

The biggest name, of course, is Jane Fraser, the president of Citigroup who in February will replace Michael Corbat as CEO. Fraser, who has been a mainstay on our Most Powerful Women in Banking list for years, will be the first woman in U.S. history to ... Read full article

Smith, Zions' chief information officer, is overseeing a broad range of tech projects, the largest being a multiyear overhaul of the bank's core system. ... Read full article

Twenty of this year’s honorees were among our 25 Most Powerful Women in Banking in 2019, while four — Citizens Bank of Edmond’s Jill Castilla, City National Bank’s Kelly Coffey and JPMorgan Chase’s Lori Beer and Jennifer Piepszak — are former Most Powerful ... Read full article

Smith, BofA's chief administrative officer, is leading the bank's push to tackle economic mobility challenges in its 91 markets. ... Read full article

Mark Weidemaier and Mitu Gulati We’ve written before about the perplexing prescription clause that appears (in one form or another) in Venezuela’s bonds. A common version of the clause says something like this: ... Read full article

Through Operation Corrupt Collector, the bureau is coordinating with over 50 other state and federal agencies to target firms for wrongdoing and inform consumers of their rights ... Read full article

Origin Bank is rolling out software to let customers curb or shut down account-data sharing with third-party apps. In the process, it hopes to learn a lot about client behavior and preferences that it could use in its own products. ... Read full article

Lenders are disappointed with a low proposed cutoff for blanket forgiveness, but they said the proposal, which waives applications for some loans, is a good first step. ... Read full article

Members of St. Matthews Federal Credit Union are set to vote on whether to join the $2.3 billion-asset Chartway before the end of the year. ... Read full article

Loan officers surveyed by the central bank said the subpar creditworthiness of some applicants and the ability of others to find credit elsewhere are among reasons the middle-market rescue facility has fizzled. ... Read full article

Employees in the financial industry and public sector are considerably more worried about the risks posed by digital currency than those in the cryptocurrency field, a new survey finds. ... Read full article

Various trade organizations sent letters to a House Financial Services Committee task force saying lawmakers should "actively discharge their oversight prerogatives" as the national bank regulator considers giving licenses to companies that do ... Read full article