Bankruptcy Blogs

American Heritage Credit Union to serve as COVID testing site

02/10/21

The Philadelphia-based institution will host free coronavirus screenings for the public this month as part of a partnership with the Greater Bustleton Civic League.

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Tesla move unlikely to boost bitcoin payments; Dimon leads White House visit

02/10/21

High usage fees and the cryptocurrency’s volatility make it unlikely it will become a widespread payments method; the JPMorgan Chase CEO was the only bank executive at the meeting.

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Is the NRA Board Shooting Itself in the Foot By Doing Nothing?

02/10/21

In my previous blog post on the NRA bankruptcy, I was focused on the bankruptcy implications of the incredible examiner motion filed by an NRA board member against the NRA. But as I think about it more, it's also got some important corporate governance implications: did the NRA board violate its fiduciary duties?  

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Why banks are rewarding customers for exercising

02/09/21

Discovery Bank in South Africa and other overseas financial companies say healthier customers are more profitable. They are giving reward points, gym subsidies and even free Apple Watches to those who meet fitness goals.

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FHFA will allow borrowers to prolong forbearance plans

02/09/21

Homeowners still deferring payments on federally backed loans as of Feb. 28 will be permitted to request an additional three months of relief.

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Fed’s aid program for midsize businesses spent only 3% of its total

02/09/21

The Federal Reserve’s Main Street Lending Program, which was designed to provide emergency support to midsize U.S. companies during the pandemic, lent out a total $17.5 billion — or just 3% of its potential capacity — according to data released Tuesday by the central bank.

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Berkshire Hills draws investor's ire for hiring CEO instead of pursuing sale

02/09/21

HoldCo Asset Management wrote in a letter to the Boston company's chairman that it also wants the board to consider share repurchases to improve shareholder value.

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Clair teams with Mastercard to expand earned wage access

02/09/21

Mastercard and MetaBank are helping the earned wage access provider Clair overhaul its technology platform and service offering.

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Portland’s Legacy FCU, Consolidated Community to merge

02/09/21

The combined institution will hold assets of more than $335 million and serve over 20,000 members across eight counties in Oregon.

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MUFG's Kevin Cronin promoted to CEO of Union Bank

02/09/21

Previously head of corporate and investment banking in the Americas, Cronin will replace Stephen Cummings as president and CEO of Mitsubishi UFJ Financial Group's U.S. holding company, as well as its San Francisco-based bank.

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