News

Today's News

March 24, 2019 - 83 new headlines

Retail Needs Augmented Reality Experiences, Not Promotions - Forbes

03/24/2019 Retail Needs Augmented Reality Experiences, Not Promotions  ForbesAR and VR come to the retail industry during a time of maximum disruption. However, the technology will only be useful if retailers focus on delivering consumer [more]
Tags: 363 Sales, News

In court documents, Dykes addresses audio released by A-J Media last year - LubbockOnline.com

03/24/2019 In court documents, Dykes addresses audio released by A-J Media last year  LubbockOnline.comIn a declaration recently made public, Rick Dykes provided more context about an audio recording in which former CEO Bart Reagor indicated he paid an [more]
Tags: Lawsuits, News

Carpoff companies file for Chapter 7 bankruptcy - Martinez News-Gazette

03/24/2019 Carpoff companies file for Chapter 7 bankruptcy  Martinez News-GazetteMARTINEZ, Calif. – The chief restructuring officer for the companies owned by Jeff and Paulette Carpoff said his clients are asking their case be converted from [more]
Tags: Lawsuits, News

Partners Group Holding Ag Trimmed Its Crown Castle International Cor (CCI) Stake; Azz (AZZ) Sellers Increased By 30.76% Their Shorts - The Yomi Blog

03/24/2019 Partners Group Holding Ag Trimmed Its Crown Castle International Cor (CCI) Stake; Azz (AZZ) Sellers Increased By 30.76% Their Shorts  The Yomi BlogAzz Inc (NYSE:AZZ) had an increase of 30.76% in short interest. AZZ's SI was 181,500 shares in March as released by FINRA. Its up 30.76% from [more]
Tags: 363 Sales, News

Exclusive: Telecom equipment provider Avaya considers leveraged buyout - sources - KFGO News

03/24/2019 Exclusive: Telecom equipment provider Avaya considers leveraged buyout - sources  KFGO NewsBy Liana B. Baker (Reuters) - Telecommunications equipment and software vendor Avaya Holdings Corp is considering a leveraged buyout offer from a private [more]
Tags: 363 Sales, News

CFL could become pivotal figure in potential sale of Montreal Alouettes - National Post

03/24/2019 CFL could become pivotal figure in potential sale of Montreal Alouettes  National PostTORONTO — The CFL could prove to be a pivotal figure in the potential sale of the Montreal Alouettes.The prevailing sentiment Sunday at the CFL combine was [more]
Tags: 363 Sales, News

The RCom-Ericsson case is a one-off in banking sector's NPA crisis - Livemint

03/24/2019 The RCom-Ericsson case is a one-off in banking sector's NPA crisis  LivemintRecent cases show that Indian banks are terrified of taking firms to insolvency courts.The prime reason for this fear is that a resolution plan would involve deep [more]
Tags: Cases of Interest, News

Let Jet Airways recover on its own - BusinessLine

03/24/2019 Let Jet Airways recover on its own  BusinessLineJet and its creditors must thrash out a deal at the NCLT. Taxpayers' money should be kept out, as in US airline bankruptcies. [more]
Tags: 363 Sales, News

Problem Solved: Sears sold me a lemon and it won’t make good - The Mercury News

03/24/2019 Problem Solved: Sears sold me a lemon and it won’t make good  The Mercury NewsYou're getting a tough lesson in doing business with a failing company. [more]
Tags: Cases of Interest, News

As Rangers say goodbye to Globe Life Park, here's a look back at how it gave them the financial muscle to compete - Dallas News

03/24/2019 As Rangers say goodbye to Globe Life Park, here's a look back at how it gave them the financial muscle to compete  Dallas NewsThe Rangers this season say goodbye to the most important element in their history.This will be the final season of major league baseball in Globe [more]
Tags: Liquidation, News

Blogs

Michigan bank expands mortgage operations with asset purchase

03/23/2019 University Bancorp gained a number of offices from Huron Valley Financial. It also hired lenders and staff with experience in reverse mortgages and wholesale lending. [more]
Tags: Bankruptcy Blogs, BankThink, Community banking, M&A, Michigan, Mortgage applications, Reverse mortgages, Wholesale lenders

Sens. Warren, Brown call on regulators to oust Wells Fargo CEO Sloan

03/22/2019 The Democrats are asking the OCC and the CFPB to use their authority to remove Tim Sloan, who became CEO in 2016. [more]
Tags: , Bankruptcy Blogs, BankThink, CFPB, Crime and misconduct, Elizabeth Warren, OCC, Sherrod Brown, Tim Sloan, Wells Fargo

Pennsylvania says big banks fixed GSE bond prices

03/22/2019 In the second lawsuit of its kind, more than a dozen of the world's largest banks are accused of price fixing on roughly $486 billion of bonds issued by Fannie Mae and Freddie Mac. [more]
Tags: , Bank of America, Bankruptcy Blogs, BankThink, Citigroup, Deutsche Bank, Fannie Mae, Freddie Mac, Goldman Sachs, GSEs, JPMorgan Chase, Law and regulation

Credit union executive calls out sexist behavior at CUNA conference

03/22/2019 In a post to a social networking site, Rachel Pross, chief risk officer at an Oregon institution, described unwanted touches and inappropriate comments by male executives and directors at the event. [more]
Tags: , Bankruptcy Blogs, BankThink, CUNA, Diversity and equality, Gender discrimination, Sexual harassment, Women in Banking

Payday lenders get unexpected reprieve from CFPB rule

03/22/2019 The bureau had already proposed removing the underwriting portion of the rule, but a judge in Texas has indefinitely delayed the other key component as well. [more]
Tags: , ATR, Bankruptcy Blogs, BankThink, CFPB, Kathy Kraninger, litigation, Mick Mulvaney, Payday lending, Richard Cordray, Small-dollar lending

FIS-Worldpay's impact, OCC's Wells Fargo rebuke, lifetime banker bans: Top stories of the week

03/22/2019 What the FIS-Worldpay deal means for banks; behind the OCC's public rebuke of Wells Fargo; ripple effect feared as Fed mulls lifetime bans for two bankers; and more from this week's most-read stories. [more]
Tags: , Artificial intelligence, Bankruptcy Blogs, BankThink, Card fraud, Consolidations, Fair Housing Act, FIS, GSE reform, M&A, Training, Wells Fargo, Worldpay

Tech firms Jumio, ComplyAdvantage team up to help banks ID crooks

03/22/2019 Alongside identity-document scanning and other ID verification, the two companies are offering real-time checks of lists of suspicious persons. The goal: keep money launderers out of the banking system. [more]
Tags: AML, Bankruptcy Blogs, BankThink, Digital banking, Digital ID, Identity theft protection, Identity verification, Mobile banking

'If the product is good, it should sell itself': A Q&A with Earnest's CEO

03/22/2019 Susan Ehrlich, the fintech lender's new chief, discusses what she learned working at Amazon and Simple and how her firm is approaching consumer loans differently. [more]
Tags: , Bankruptcy Blogs, BankThink, Digital banking, Digital marketing, Earnest, Fintech, Marketplace lending, student loans, Susan Ehrlich, Women in Banking

Deutsche Bank U.S. staff said to get major share of bonuses

03/22/2019 Deutsche Bank employees in the U.S. received the lion's share of bonuses as the lender sought to retain top performers following cuts to the investment bank there. [more]
Tags: , Bankruptcy Blogs, BankThink, Bonuses and incentives, Deutsche Bank, Employee retention

How much does P2P drive engagement for banks?

03/22/2019 The market for P2P payments is finally taking off after years of false starts, but there are still many unanswered questions. The biggest one: How do banks get value out of offering this service free of charge? [more]
Tags: , Bankruptcy Blogs, BankThink, Mobile payments, Online payments, P-to-P payments, Venmo, Zelle