News

Today's News

July 10, 2020 - 42 new headlines

California Means Business: How To Cope With The CCPA (And CPRA) 07/10/2020 - MediaPost Communications

07/10/2020 California Means Business: How To Cope With The CCPA (And CPRA) 07/10/2020  MediaPost Communications [more]
Tags: Lawsuits, News

Raleigh mayor tells McClatchy bankruptcy judge that NC needs N&O’s public service - Raleigh News & Observer

07/10/2020 Raleigh mayor tells McClatchy bankruptcy judge that NC needs N&O’s public service  Raleigh News & Observer [more]
Tags: 363 Sales, News

Energy-Related Cases To Watch In 2nd Half Of 2020 - Law360

07/10/2020 Energy-Related Cases To Watch In 2nd Half Of 2020  Law360 [more]
Tags: Lawsuits, News

How OneWeb's $1 billion bankruptcy rescue changes the competitive landscape for Elon Musk's Starlink - CNBC

07/10/2020 How OneWeb's $1 billion bankruptcy rescue changes the competitive landscape for Elon Musk's Starlink  CNBC [more]
Tags: 363 Sales, News

Sur La Table Is Holding A Huge Sale With 65% Off Cookware Right Now - Delish.com

07/10/2020 Sur La Table Is Holding A Huge Sale With 65% Off Cookware Right Now  Delish.com [more]
Tags: 363 Sales, News

Healthcare Chapter 11s are different - Marketplace - McKnight's Long Term Care News - McKnight's Long Term Care News

07/10/2020 Healthcare Chapter 11s are different - Marketplace - McKnight's Long Term Care News  McKnight's Long Term Care News [more]
Tags: News, Reorganizations

Bull's Head Diner cites COVID-19 in bankruptcy filing - Westfair Online

07/10/2020 Bull's Head Diner cites COVID-19 in bankruptcy filing  Westfair Online [more]
Tags: Cases of Interest, News

Muji U.S. joins the growing list of companies filing for bankruptcy during the coronavirus pandemic - Fortune

07/10/2020 Muji U.S. joins the growing list of companies filing for bankruptcy during the coronavirus pandemic  Fortune [more]
Tags: Filings, News

Retail bankruptcy filings keep coming, coffee habits change - ABC News

07/10/2020 Retail bankruptcy filings keep coming, coffee habits change  ABC News [more]
Tags: Filings, News

Retail bankruptcy filings keep coming, coffee habits change - The Detroit News

07/10/2020 Retail bankruptcy filings keep coming, coffee habits change  The Detroit News [more]
Tags: News, Reorganizations

Blogs

As mortgage woes return, lessons from last crisis come to light

07/10/2020 A subprime-related settlement between the government and Deutsche Bank provided meaningful benefits to some U.S. consumers in need, according to a new report. But the author acknowledged that those gains could prove illusory for some consumers given the coronavirus crisis. [more]
Tags: Bankruptcy Blogs, BankThink, Coronavirus, Deutsche Bank, mortgages, Subprime lending

Don’t weaken the G-SIB surcharge

07/10/2020 The Fed has already eased certain capital requirements in response to the coronavirus pandemic. It should avoid making any further adjustments to the surcharge, which is meant to keep global banks from creating systemic risks. [more]
Tags: Bankruptcy Blogs, BankThink, Basel, Capital requirements, Coronavirus, Federal Reserve, GSIBs, JPMorgan Chase

Leader of North Dakota bank abruptly resigns

07/10/2020 BNCCORP named an interim CEO as it looks for a permanent successor for Timothy Franz. [more]
Tags: Bankruptcy Blogs, BankThink, Community banks, North Dakota, Recruiting, Succession planning

Wells mulling job cuts; Supreme Court to hear Fannie, Freddie case

07/10/2020 The bank is expected to report a small net profit for the second quarter next week; shareholders are challenging the government's 2012 decision to appropriate nearly all of the agencies' profits. [more]
Tags: Bankruptcy Blogs, BankThink, Fannie Mae, FHFA, fraud, Freddie Mac, Wells Fargo, Wirecard

Village Bank in Virginia selects insider as next CEO

07/09/2020 Jay Hendricks, the company's chief operating officer, will succeed William Foster in August. [more]
Tags: Bankruptcy Blogs, BankThink, Community banks, Growth strategies, Succession planning, Virginia

How First Horizon-Iberiabank bucked trend of canceled bank deals

07/09/2020 Several big bank mergers fell apart after the coronavirus hit. But Bryan Jordan, First Horizon's CEO, said the pandemic validated plans to cut costs an invest more in digital upgrades. [more]
Tags: Bankruptcy Blogs, BankThink, Coronavirus, Digital banking, Growth strategies, M&A, Regional banks, Revenue and expenses

Bill would create California public bank

07/09/2020 Two state assembly members introduced legislation that would let the California Infrastructure and Economic Development Bank accept deposits from public entities and provide financing to small businesses and local governments. [more]
Tags: Bankruptcy Blogs, BankThink, Community banking, Law and regulation, Small business lending, State and local finance, State of California

Wells Fargo hires Flagstar Bank's Kristy Fercho to lead home lending

07/09/2020 Fercho will join Wells Fargo in August and report to Mike Weinbach, the bank's CEO of consumer lending. [more]
Tags: Bankruptcy Blogs, BankThink, Career moves, Fannie Mae, Flagstar Bancorp, Mortgage Bankers Association, Wells Fargo, Women in Banking

Four big banks throw weight behind climate finance center

07/09/2020 The new Center for Climate-Aligned Finance will help financial institutions navigate the various challenges involved in the shift to renewable energy — as lenders, power consumers and corporate citizens. Its backers include JPMorgan and Bank of America. [more]
Tags: Bank of America, Bankruptcy Blogs, BankThink, climate change, ESG, Goldman Sachs, JPMorgan Chase, Wells Fargo

4 takeaways from Biden’s embrace of progressive banking policies

07/09/2020 The Democrats’ presumptive presidential nominee called for a public credit reporting agency and for the Postal Service to offer financial services, among other proposals issued through a unity task force with Bernie Sanders. But analysts suggest the recommendations are more about electoral politics [more]
Tags: Affordable housing, Bankruptcy Blogs, BankThink, Bernie Sanders, Credit Reporting, Election 2020, glass-steagall, Joe Biden, Marijuana banking