News

Today's News

February 26, 2020 - 6 new headlines

Explained: Why the Boy Scouts Just Filed for Bankruptcy - The National Interest Online

02/26/2020 Explained: Why the Boy Scouts Just Filed for Bankruptcy  The National Interest Online [more]
Tags: 363 Sales, News

Rice-sale loss is put at $5.9M by jurors - Northwest Arkansas Democrat-Gazette

02/26/2020 Rice-sale loss is put at $5.9M by jurors  Northwest Arkansas Democrat-Gazette [more]
Tags: 363 Sales, News

USA Law & Practice - Finance and Banking - United States - Mondaq News Alerts

02/26/2020 USA Law & Practice - Finance and Banking - United States  Mondaq News Alerts [more]
Tags: Filings, News

Columbia Basin Herald - Columbia Basin Herald

02/26/2020 Columbia Basin Herald  Columbia Basin Herald [more]
Tags: Cases of Interest, News

California Wildfire Victims Fear They'll Be Last in Payout - The New York Times

02/26/2020 California Wildfire Victims Fear They'll Be Last in Payout  The New York Times [more]
Tags: Cases of Interest, News

Governor establishes clemency application for certain survivors - San Marcos Daily Record

02/26/2020 Governor establishes clemency application for certain survivors  San Marcos Daily Record [more]
Tags: Lawsuits, News

RBI's gradual shift from transparency to forbearance towards stressed sectors - Economic Times

02/25/2020 RBI's gradual shift from transparency to forbearance towards stressed sectors  Economic Times [more]
Tags: Cases of Interest, News

Local scouts persist as bankruptcy hits organization - observer-review.com - OBSERVER-REVIEW.COM

02/25/2020 Local scouts persist as bankruptcy hits organization - observer-review.com  OBSERVER-REVIEW.COM [more]
Tags: Liquidation, News

Taylor: Research finds surprising winners and losers in Harvey’s wake - Beaumont Enterprise

02/25/2020 Taylor: Research finds surprising winners and losers in Harvey’s wake  Beaumont Enterprise [more]
Tags: Filings, News

Judge Approves New Cash Collateral In Alta Mesa Ch. 11 - Law360

02/25/2020 Judge Approves New Cash Collateral In Alta Mesa Ch. 11  Law360 [more]
Tags: News, Reorganizations

Blogs

Banks are worried about NCUA’s new sub debt rule. Should they be?

02/25/2020 Though the agency plans to give more credit unions authority to issue subordinated debt, limited investor appetite and other factors could hamper activity. [more]
Tags: Bankruptcy Blogs, BankThink, Capital markets, Community banking, Credit unions, NCUA

Is the U.S. payment system fair?

02/25/2020 Aaron Klein, a fellow at the Brookings Institution, argues that the setup works well for those with money, but is very expensive for those on the lower end of the spectrum. [more]
Tags: Bankruptcy Blogs, BankThink

JPMorgan investor day runs gamut, from climate change to middle market

02/25/2020 Executives outlined changes in energy lending policies, said that the largest U.S. bank has only scratched the surface in middle-market credits and discussed their preparations in case of an economic slowdown. [more]
Tags: Bankruptcy Blogs, BankThink, climate change, Commercial lending, Consumer lending, Growth strategies, JPMorgan Chase, Middle market

Trucking, energy loans posing problems for BMO Financial

02/25/2020 A spike in loan-loss provisions dragged down first-quarter profits at the Toronto company’s U.S. unit. [more]
Tags: Bankruptcy Blogs, BankThink, BMO Harris Bank, Commercial lending, Credit quality, Earnings, Tariffs

CFPB's No. 2 to leave agency for law firm

02/25/2020 Deputy Director Brian Johnson spent more than two years serving under two separate CFPB directors. He will become a partner at Alston & Bird LLP next month. [more]
Tags: Bankruptcy Blogs, BankThink, Career advancement, Career moves, CFPB, House Financial Services Committee, Kathy Kraninger

The Emperor's Old Bonds

02/25/2020 Inspired by Tracy Alloway's recent piece on antique Chinese bonds (here), a group of my students has gone deep down the rabbit hole of the question of how one might recover on them (or, from the Chinese government’s perspective, how one would block recovery).  If I’m reading Michael, Charlie and [more]
Tags: Bankruptcy Blogs, CreditSlips, Historical Perspectives, Sovereign Debt

Bank of Canada lays groundwork for digital currency

02/25/2020 "We need to move forward to work out what a potential CBDC might look like and how it could be managed, if the decision were ever taken to issue one," Deputy Gov. Tim Lane said, according to the text of remarks to be delivered Tuesday in Montreal. [more]
Tags: Bankruptcy Blogs, BankThink, Digital currencies

Nearly all age groups say they’d bank with tech giants

02/25/2020 In every segment except people older than 64, a majority would consider banking with Apple, Google, Amazon or Facebook, a new survey finds. [more]
Tags: Bankruptcy Blogs, BankThink, Disruptors, Fintech

Santander acquiring Elavon’s Mexican operation

02/25/2020 Banco Santander’s global digital transformation has led it to Mexico, where the bank has agreed to acquire U.S. Bancorp’s Elavon Mexico merchant acquiring unit for about $84 million. [more]
Tags: Bankruptcy Blogs, BankThink, Elavon, Mexico, Payment processing, Santander, U.S. Bancorp

CFPB's Kraninger says QM proposal, remittance rule will be out by May

02/25/2020 The agency's director said both steps will come as part of an ongoing review of agency rules and show "my commitment under the law to be effective and evidence based” in providing clarity to stakeholders. [more]
Tags: Bankruptcy Blogs, BankThink, CFPB, Kathy Kraninger, Qualified mortgage rules, Qualified Mortgages, Remittances