Bankruptcy Blogs

Banks should offer their own form of reparations

06/16/20

As governments explore whether to compensate African Americans for centuries of racism, financial institutions need to do their part to redress victims of persistent redlining.

[more]

Fifth Third, Truist among banks closing early to observe 'Juneteenth'

06/16/20

As protesters continue to take to the streets to express outrage over racial injustice and inequality, banks — for the first time — will commemorate the date that marks the end of slavery in the U.S.

[more]

Fannie, Freddie hire advisers to help raise capital; Deutsche leads the pack

06/16/20

Fannie Mae has chosen Morgan Stanley while Freddie Mac is going with JPMorgan Chase; the bank’s overhaul plan has helped make it the best performing big-bank stock so far this year.

[more]

Top 6 Steps to Rebuilding Credit

06/16/20

I recently conducted a poll of bankruptcy attorneys across the country for their recommendation on how to rebuild credit after bankruptcy.

[more]

Big banks cling to branch expansion plans despite coronavirus shock

06/15/20

Executives argue the rollouts will largely focus on new markets and work in tandem with digital banking efforts.

[more]

Is it safe for bank examiners to return to the field?

06/15/20

The acting comptroller of the currency signaled that his agency is planning to resume on-site supervision despite health risks tied to the pandemic. But some bankers and former examiners urged caution, saying remote monitoring has its advantages.

[more]

GSEs hire Morgan Stanley, JPMorgan Chase as financial advisers

06/15/20

As they prepare to exit government conservatorship, Fannie Mae and Freddie Mac have enlisted the investment banks to help them boost capital and evaluate market opportunities.

[more]

Small banks' battle to thwart unemployment scams

06/15/20

Peoples Bank in Arkansas and Main Street Bank in Massachusetts are getting smarter about spotting suspicious transactions tied to unemployment benefit fraud as well as warning customers what to watch out for.

[more]

FHFA identifies supervisory concerns at two Federal Home Loan banks

06/15/20

The agency flagged faulty risk management and other issues at the Federal Home Loan Bank of Des Moines and Federal Home Loan Bank of San Francisco in exams conducted last year.

[more]

Italian Sovereign Debt: Time to Worry or Party?

06/15/20

Italian sovereign borrowing is increasing, as the costs of dealing with a stalled economy and the pandemic build.  A recipe for disaster?  Turns out that Italian yields (and spreads with the risk free benchmark rate) are actually going down; down in the vicinity of zero. (for the WSJ's treatment of this last week, see here).

[more]