News

Today's News

October 17, 2019 - 21 new headlines

Bankrupt Barneys Agrees to Sell Assets to ABG for $271 Million in Cash - Footwear News

10/17/2019 Bankrupt Barneys Agrees to Sell Assets to ABG for $271 Million in Cash  Footwear News [more]
Tags: 363 Sales, News

Rachel Brosnahan Will "Try Anything" When It Comes to Coloring Her Naturally Blonde Hair - Yahoo Lifestyle

10/17/2019 Rachel Brosnahan Will "Try Anything" When It Comes to Coloring Her Naturally Blonde Hair  Yahoo Lifestyle [more]
Tags: 363 Sales, News

The Death Race: Class A Malls Vs. Outlet Centers - Seeking Alpha

10/17/2019 The Death Race: Class A Malls Vs. Outlet Centers  Seeking Alpha [more]
Tags: 363 Sales, News

Latest on PRC Acquisition LLC and more - Pittsburgh Business Times - Pittsburgh Business Times

10/17/2019 Latest on PRC Acquisition LLC and more - Pittsburgh Business Times  Pittsburgh Business Times [more]
Tags: News, Reorganizations

IN BRIEF: USA Gymnastics lands order for more time to file Ch. 11 plan - Reuters

10/17/2019 IN BRIEF: USA Gymnastics lands order for more time to file Ch. 11 plan  Reuters [more]
Tags: News, Reorganizations

Dura Automotive files for Chapter 11 bankruptcy - Crain's Detroit Business

10/17/2019 Dura Automotive files for Chapter 11 bankruptcy  Crain's Detroit Business [more]
Tags: News, Reorganizations

Datum Technologies files for bankruptcy - Tampa Bay Business Journal - Tampa Bay Business Journal

10/17/2019 Datum Technologies files for bankruptcy - Tampa Bay Business Journal  Tampa Bay Business Journal [more]
Tags: Liquidation, News

Warren's Putative Assault on Oil - American Action Forum

10/17/2019 Warren's Putative Assault on Oil  American Action Forum [more]
Tags: News, Reorganizations

Why your SME should utilise PPS registrations to improve sales and reduce debt write-offs - Corporate/Commercial Law - Australia - Mondaq News Alerts

10/17/2019 Why your SME should utilise PPS registrations to improve sales and reduce debt write-offs - Corporate/Commercial Law - Australia  Mondaq News Alerts [more]
Tags: 363 Sales, News

IL&FS raises ₹806 crore through sale of wind assets to Orix - Livemint

10/17/2019 IL&FS raises ₹806 crore through sale of wind assets to Orix  Livemint [more]
Tags: Liquidation, News

Blogs

Why reforming Fannie and Freddie is so hard to do

10/16/2019 As the administration gears up to end a decade of government control of Fannie and Freddie, are there any good options? [more]
Tags: Bankruptcy Blogs, BankThink, Dodd-Frank, Financial regulations, Fintech, Immersive, Regulatory reform

Banks try new tack in clash with credit unions over military bases

10/16/2019 Bank groups that lobbied unsuccessfully for the rent waivers credit unions receive now back a bill that would create equal rates for both industries. [more]
Tags: Bankruptcy Blogs, BankThink, Branch banking, Community banking, Credit unions, Law and regulation, Washington DC

Two new fintechs court digital entrepreneurs

10/16/2019 Grasshopper Bank and Mercury are each targeting customers that face limited options in the market. [more]
Tags: Bankruptcy Blogs, BankThink, Digital banking

FASB unanimously approves CECL delay for most lenders

10/16/2019 The accounting board delayed implementation for the majority of banks and credit unions until 2023. [more]
Tags: , Bankruptcy Blogs, BankThink, CECL, Community banking, Connecticut, FASB, Loan-loss provisions

PNC’s expansion yields dividends ahead of schedule, executives say

10/16/2019 The Pittsburgh company’s “branch lite” approach to retail and middle-market banking in new markets will break even sooner than expected and has had a noticeable impact on loans and deposits. [more]
Tags: , Bankruptcy Blogs, BankThink, Branch network, Commercial lending, Consumer banking, Digital banking, Earnings, Growth strategies, PNC Financial Services Group, Regional banks

Reg concerns about Libra ‘should be no surprise’: Fed’s Brainard

10/16/2019 With policymakers casting doubt on Facebook's cryptocurrency and some of the social media giant's partners pulling out, a Federal Reserve governor continued the drumbeat of criticism. [more]
Tags: , AML, Bankruptcy Blogs, BankThink, Digital payments, facebook, Federal Reserve, KYC, Lael Brainard, Libra

The risk lurking in banks' car loan portfolios

10/16/2019 While demand is strong and loan performance generally remains solid, the prevalence of longer loan terms has sparked concern that losses will eventually spike. [more]
Tags: , Ally Financial, Auto lending, Bankruptcy Blogs, BankThink, Consumer lending, Credit quality, JPMorgan Chase, Risk management, Wells Fargo

Dems unload on CFPB’s Kraninger: ‘You are absolutely worthless’

10/16/2019 CFPB Director Kathy Kraninger faced a barrage of questions from Democrats on the House Financial Services Committee over why the agency has not demanded refunds for consumers in recent settlements. [more]
Tags: , Bankruptcy Blogs, BankThink, CFPB, Debt Collection, distressed debt, Edit License, Enforcement actions, Kathy Kraninger, litigation, Payday lending, student loans

U.S. Bancorp’s mortgage growth a good sign for banking

10/16/2019 The Minneapolis company attributed the uptick to new tech tools, additional loan officers and other process improvements — not to mention the refi boom fueled by lower rates. It’s a formula other banks are expected to copy. [more]
Tags: , Bankruptcy Blogs, BankThink, Consumer banking, Earnings, fee income, interest rates, Mortgage technology, mortgages, PNC Financial Services Group, Regional banks, U.S. Bancorp