Bankruptcy Blogs

IC Federal Credit Union finds next CEO on its own board of directors

01/19/21

Chris Hendry has been appointed president and CEO of the Fitchburg, Mass.-based institution, having served the credit union in a volunteer capacity since 2014.

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Week ahead: Transition in Washington

01/19/21

President-elect Joe Biden is scheduled to take the oath of office on Wednesday, but other changes that pertain to credit unions are also happening.

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What two U.S. Bank execs saw and liked at CES

01/19/21

Todder Moning and Valerie Lancelle, who work in the bank’s innovation group, said they were especially impressed by demos of immersive technology, 5G and ambient computing.

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BofA's Wall Street unit falls short of rivals during bumper year

01/19/21

Revenue from sales and trading rose 7% to $3.06 billion in the fourth quarter, missing analysts' $3.15 billion forecast. The division, helmed by Jim DeMare, was hurt by unexpected weakness in fixed-income trading.

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Truliant finds new CFO close to home

01/19/21

Cosby Davis joins the executive team at North Carolina's third-largest credit union after nearly a decade at nearby Allegacy Federal Credit Union.

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Goldman Sachs dealmakers drive surge in fourth-quarter profit

01/19/21

Goldman Sachs' dealmakers capped their record year with a fourth-quarter revenue jump that helped profit more than double.

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Biden taps Chopra to lead CFPB; Fitch looks to detect bad bank behavior

01/19/21

The Obama-era official is expected to reverse the relaxed regulatory stances at the CFPB; the ratings firm is teaming with a French AI startup to try to detect misbehavior early.

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Democrats’ sweep helps pot banking’s cause, but battle is far from over

01/18/21

The odds are better now that Congress will pass a bill to help financial institutions serve cannabis businesses, but the question of the legislative path forward has grown murkier.

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Biden taps FTC’s Chopra as CFPB chief, Gensler as SEC chairman

01/18/21

The nominees, strongly backed by progressive Democrats to lead two key Wall Street watchdogs, signal that the Biden administration is planning tough oversight after four years of light-touch policies under appointees of President Donald Trump.

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NRA Filing Illustrates Venue Loophole for Chapter 11 Filers

01/16/21

The National Rifle Association likes guns. Texans like guns. Therefore, when the NRA decided to file bankruptcy, there was a certain logic to filing in Texas. Unfortunately, however, prior to November 24, 2020, the NRA had no legal right to file bankruptcy in Texas. This did not deter the gun rights advocates. They created one.

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