News

Today's News

May 22, 2019 - 55 new headlines

Contractor for town pool project files for bankruptcy - Newsday

05/22/2019 Contractor for town pool project files for bankruptcy  NewsdayAttorney for the Gramercy Group blames filing on town's withholding of $1.97M in the dispute over New Hyde Park facility, and recent multimillion-dollar verdict in [more]
Tags: News, Reorganizations

Cloud Peak Energy “Open for Business” During Bankruptcy Process - Sheridan Media

05/22/2019 Cloud Peak Energy “Open for Business” During Bankruptcy Process  Sheridan MediaEarlier this month Cloud Peak Energy, which owns and operates the Spring Creek Coal Mine north of Sheridan County in Montana, filed voluntary petitions [more]
Tags: News, Reorganizations

Bankruptcy judge to approve sale of Reading Eagle - Star Tribune

05/22/2019 Bankruptcy judge to approve sale of Reading Eagle  Star TribuneA federal bankruptcy judge said Wednesday he intends to approve the sale of the Reading Eagle to a large newspaper chain known for taking over struggling [more]
Tags: 363 Sales, News

Bankruptcy and Licensing Changes Ahead Following SCOTUS Decision - The National Law Review

05/22/2019 Bankruptcy and Licensing Changes Ahead Following SCOTUS Decision  The National Law ReviewOn May 20, 2019, the United States Supreme Court decided the case Mission Product Holdings, Inc. v. Tempnology, LLC. The facts of the case and its potential [more]
Tags: News, Reorganizations

Hexion Inc. Receives Court Approval for Disclosure Statement - Press Release - Digital Journal

05/22/2019 Hexion Inc. Receives Court Approval for Disclosure Statement - Press Release  Digital JournalBankruptcy Court for the District of Delaware (“the “Bankruptcy Court”) [more]
Tags: Lawsuits, News

Hexion Inc. Receives Court Approval for Disclosure Statement - Yahoo Finance

05/22/2019 Hexion Inc. Receives Court Approval for Disclosure Statement  Yahoo FinanceCOLUMBUS, Ohio--(BUSINESS WIRE)--. Company to Begin Solicitation of Votes on Financial De-Leveraging Plan. Remains On-Track to Emerge from Chapter [more]
Tags: News, Reorganizations

Jamie Oliver to continue to expand restaurant business in India - Livemint

05/22/2019 Jamie Oliver to continue to expand restaurant business in India  LivemintOliver's master franchisee partner Dolomite to add 5 more outlets under the Jamie's Pizzeria and Jamie's Italian brand in next few months.Dolomite MD Jasper [more]
Tags: Liquidation, News

Bankruptcies Do Not Revoke TM Licenses | Fox Rothschild LLP - JD Supra

05/22/2019 Bankruptcies Do Not Revoke TM Licenses | Fox Rothschild LLP  JD SupraThis week, the U.S. Supreme Court issued a decision in the Product Holdings, Inc. v. Tempnology, LLC N/K/A Old Cold LLC case previously blogged about here [more]
Tags: Cases of Interest, News

Bronchoscopes Market Key Opportunities & Global Forecast, 2016-2024 - ZMR News Magazine

05/22/2019 Bronchoscopes Market Key Opportunities & Global Forecast, 2016-2024  ZMR News MagazineThe “Global Bronchoscopes Market Is Anticipated To Reach Around USD 21,416 Million By 2025” report serves with all-inclusive, highly-effective, and [more]
Tags: News, Reorganizations

Focused Ion Beam Market Trends and Global Outlook, 2016-2024 - ZMR News Magazine

05/22/2019 Focused Ion Beam Market Trends and Global Outlook, 2016-2024  ZMR News MagazineThe “Global Focused Ion Beam Market Is Anticipated To Reach Around USD 682 Million By 2025” report serves with all-inclusive, highly-effective, and [more]
Tags: News, Reorganizations

Blogs

Small and mid-sized banks can’t shy away from AI

05/22/2019 While some of the biggest institutions are already rapidly developing new technologies, it’s important that community banks also tap the power of artificial intelligence and machine learning. [more]
Tags: Bankruptcy Blogs, BankThink, Community banking, Community banks, Fintech, Regional banks

Another Fed contrarian considered for board; Deutsche’s AML glitch

05/22/2019 Trump may nominate Judy Shelton, who prefers “market-determined rates”; a software glitch may have prevented flagging of suspicious transactions for a decade. [more]
Tags: , AML, Bankruptcy Blogs, BankThink, Compensation, Consumer banking, Crime and misconduct, Joseph Otting, Morning scan, Trump administration, Wells Fargo

How will the next generation of women lead?

05/21/2019 They’re communicators, bridge builders and young moms. Here’s what they might do differently from the older bosses they have had in their careers. [more]
Tags: , Bankruptcy Blogs, BankThink, Citigroup, Commercial banking, Millennials, Wilmington Trust, Women in Banking, Workplace culture, Workplace management

Stock buybacks are surging, but for how long?

05/21/2019 The pace is torrid now, but it could slow if bank stock prices keep rising and one prominent lawmaker’s proposal to restrict share repurchases gains traction. [more]
Tags: , Bankruptcy Blogs, BankThink, Buybacks, Capital, Capital requirements, Community banking, Marco Rubio, Regions Bank, stress tests

This fintech says it can help financial advisers take on banks

05/21/2019 Galileo Processing has created a digital banking product that seeks to provide wealth managers with the offering they generally lack: an in-house savings account that pays competitive rates. [more]
Tags: , Ally Bank, Automated investing, Bankruptcy Blogs, BankThink, Capital One, Digital banking, interest rates, RIAs, Robo advisors, Ron Carson, Synchrony

Small-business fintech launches lending platform for banks

05/21/2019 Biz2Credit is offering its Biz2X platform to all banks after gaining HSBC and Popular Bank as clients. [more]
Tags: , American Express, Bankruptcy Blogs, BankThink, HSBC, HSBC Bank, Risk appetite, Small business lending

Vernon Hill survives proxy challenge at Metro Bank in U.K.

05/21/2019 Metro Bank had worked to win shareholder support by raising fresh capital and cutting ties with Hill's wife's design firm. [more]
Tags: Bankruptcy Blogs, BankThink, Branch banking, Consumer banking, Corporate governance, Proxy advisory firms, U.K.

How acting Ginnie Mae chief is trying to get to the bottom of VA refis

05/21/2019 Prepayments tied to repeated VA loan refinancing activity have had an adverse effect on Ginnie’s mortgage securities that persists despite countermeasures. The government bond issuer is making new plans to address the impact. [more]
Tags: Bankruptcy Blogs, BankThink, Ginnie Mae, MBS, Refinance, Risk management, Secondary market, The VA

Did Ben Carson just mistake an REO for an Oreo?

05/21/2019 Secretary of Housing and Urban Development Ben Carson appeared not to recognize a commonly known real estate term during a congressional hearing on Tuesday. [more]
Tags: , Bankruptcy Blogs, BankThink, Ben Carson, foreclosures, House Financial Services Committee, HUD, Law and regulation, Maxine Waters, Patrick McHenry, REO, Trump administration

Deutsche Bank’s ties to Trump dominate hearing on AML reform

05/21/2019 Democrats pressed law enforcement on whether senior Deutsche Bank executives quashed suspicious activity reports filings related to President Trump. [more]
Tags: , AML, Bankruptcy Blogs, BankThink, Deutsche Bank, FinCEN, KYC, Mike Crapo, Senate Banking Committee, Sherrod Brown, Trump administration