Today's News

October 21, 2018 - 9 new headlines

Here's what could happen to your Kenmore warranty now that Sears is in bankruptcy court - CNBC

10/21/2018 CNBCHere's what could happen to your Kenmore warranty now that Sears is in bankruptcy courtCNBCWhen Circuit City and CompUSA filed for bankruptcy, Arnum says, outside insurance companies stepped in, and all extended warranties were honored. "That's been the case for decades in the [more]
Tags: Cases of Interest, News

Chapter 11 is not the end, CEO author says -

10/21/2018 AL.comChapter 11 is not the end, CEO author saysAL.comWhen people think back on the best chapters of their lives, nobody wants to remember Chapter 11. Filing bankruptcy carries a stigma of defeat and hopelessness. Avoiding it is possible, a new book says, and working through your debts actually can [more]
Tags: News, Reorganizations

Entering Palm Beach season, three federal courts wrestling with Palm House cases - Palm Beach Daily News

10/21/2018 Palm Beach Daily NewsEntering Palm Beach season, three federal courts wrestling with Palm House casesPalm Beach Daily NewsCourt filings in the Chapter 11 corporate bankruptcy case show the Palm House's ownership company owes about $115 million to creditors. In July, a Palm Beach County circuit [more]
Tags: Cases of Interest, News

Norman attorneys ranked in 2018 Oklahoma Super Lawyers list - Norman Transcript

10/21/2018 Norman attorneys ranked in 2018 Oklahoma Super Lawyers listNorman TranscriptSubmitted Content. Forty-five Crowe & Dunlevy attorneys were recently ranked in the 2018 Oklahoma Super Lawyers list of outstanding lawyers, with 11 attorneys recognized as 2018 Oklahoma and Texas Rising Stars. More than [more]
Tags: Lawsuits, News

Bankruptcy Watch - The Arkansas Democrat-Gazette - Arkansas Democrat-Gazette (blog)

10/21/2018 Bankruptcy Watch - The Arkansas Democrat-GazetteArkansas Democrat-Gazette (blog)ALEXANDER Darrell Moore, 14084 Magnolia Glen Drive, Oct. 16, Chapter 13.and more » [more]
Tags: Liquidation, News

Baton Rouge, New Orleans People in Business for Oct. 21, 2018 - The Advocate

10/21/2018 The AdvocateBaton Rouge, New Orleans People in Business for Oct. 21, 2018The AdvocateHer practice is predominantly litigation with a focus on maritime, collections, bankruptcy and employment matters. Willhoft received her bachelor's degree from the University of New Orleans and law degree from [more]
Tags: Lawsuits, News

Bankruptcies, Oct. 21 - News-Press Now

10/21/2018 Bankruptcies, Oct. 21News-Press Now [more]
Tags: Liquidation, News

Incumbent, former legislator and two political novices running for Senate, House races - The Decatur Daily

10/21/2018 The Decatur DailyIncumbent, former legislator and two political novices running for Senate, House racesThe Decatur DailyWasyluka, an appellate attorney, has worked in family law, bankruptcy and civil litigation, and believes her legal experience, including sometimes working with adversarial parties [more]
Tags: Lawsuits, News

Gilmore sale approaches with NMHS as bidder - Tuscaloosa News

10/20/2018 Gilmore sale approaches with NMHS as bidderTuscaloosa NewsAMORY — As part of bankruptcy proceedings filed by its parent company Curae Health, Gilmore Memorial Hospital in Amory is set to be auctioned Nov. 15. North Mississippi Health Services has been approved as the stalking horse bidder, with an [more]
Tags: 363 Sales, News

Malawi High Court clears MP Mzomera of bankruptcy - The Maravi Post

10/20/2018 The Maravi PostMalawi High Court clears MP Mzomera of bankruptcyThe Maravi PostThe High Court in Lilongwe on Friday cleared controversial Mzimba Hora legislator Christopher Mzomera Ngwira of a bankruptcy case which, if convicted, would have barred him from seeking another term of public office. [more]
Tags: Cases of Interest, News


Ex-ABA employee sues group, alleging discrimination

10/21/2018 A former employee of the banking trade group is accusing some of its executives of allegedly creating a “boy’s club” atmosphere that discriminated against women and minorities on staff. [more]
Tags: American Bankers Association, Bankruptcy Blogs, BankThink, Gender discrimination, Gender issues

JPMorgan to build a Silicon Valley campus for 1,000 employees

10/19/2018 JPMorgan Chase plans to open a fintech campus in Palo Alto, California, part of the bank's efforts to attract more Silicon Valley talent. [more]
Tags: , Bankruptcy Blogs, BankThink, california, Fintech, JPMorgan Chase, National banks

Netspend breakdown, Warren chides Comerica, FDIC's deposit rules: Top stories of the week

10/19/2018 Netspend customers kept from accessing paychecks; Sen. Elizabeth Warren rebukes Comerica over fraud in benefits program; FDIC poised to revamp deposit rules (about time, say banks); and more from this week's most-read stories. [more]
Tags: , Bankruptcy Blogs, BankThink, CFPB, Commercial lending, Data sharing, Deposits, Earnings, Elizabeth Warren, JPMorgan Chase, Netspend, Prepaid cards, Small business lending

Alarm bells for CRE lenders after Bank OZK's bad quarter

10/19/2018 The company is facing criticism after a big chargeoff on two properties, showing that investors have little patience when a risky business model shows signs of distress. [more]
Tags: , Arkansas, Bankruptcy Blogs, BankThink, Bruyette & Woods, Community banking, CRE, Earnings, Keefe, Keefe, Bruyette & Woods, Regional banks, Sandler O'Neill Partners, Strategic plans

Regionals won't be making any major deals. Here's why

10/19/2018 On paper, conditions would seem favorable for regional banks to pursue acquisitions in order to overcome organic growth challenges. But executives have poured cold water on that idea in recent days. [more]
Tags: , Bankruptcy Blogs, BankThink, BB&T, Citizens Financial, Earnings, Insurance, investment banking, KeyCorp, M&A

CLO Yawn

10/19/2018 There's a big story in the NY Times about how the financial structures being used to finance many corporate loans—so-called Collateralized Loan Obligations or CLOs—look very similar to those used to finance mortgages during the housing bubble.  Yup.  That's true. CLOs are a securitization structure, [more]
Tags: Bankruptcy Blogs, Corporate Bankruptcy, CreditSlips, Financial Institutions, Too Big to Fail (TBTF)

How populism threatens banks

10/19/2018 Current political forces pose a number of risks for financial institutions, including their stock prices and performance, if not their very existence. [more]
Tags: Bankruptcy Blogs, BankThink, Election 2018, glass-steagall, Policymaking

What U.S. banks stand to lose in shunning open banking

10/19/2018 A recent study concluded there are first-mover benefits for banks that embrace open banking. But many executives see its risks instead. [more]
Tags: , APIs, Bank of America, Bankruptcy Blogs, BankThink, BBVA, Data sharing, Fintech regulations, GDPR, JPMorgan Chase, Wells Fargo

Va. bank faces renewed call to return capital to shareholders

10/19/2018 Driver Management said it would also support National Bankshares if it decided to sell itself. [more]
Tags: Activist investors, Bankruptcy Blogs, BankThink, Community banking, Corporate governance, Shareholder Communications, Virginia

State Street fails to reassure markets on costs

10/19/2018 The custody bank was very profitable, and it raised its cost-saving forecast for year-end, but its nearly 3% increase in third-quarter noninterest expenses prompted an investor backlash. [more]
Tags: , Bankruptcy Blogs, BankThink, Custody banks, Earnings, Expense management, Growth strategies, Massachusetts, State Street