News

Today's News

December 10, 2019 - 115 new headlines

Erwin Singh Braich, who wants to save Yes Bank, has a back story worthy of Netflix - Livemint

12/10/2019 Erwin Singh Braich, who wants to save Yes Bank, has a back story worthy of Netflix  Livemint [more]
Tags: 363 Sales, News

ESL-Sears bankruptcy brawl gets examiner on contested millions - Hartford Courant

12/10/2019 ESL-Sears bankruptcy brawl gets examiner on contested millions  Hartford Courant [more]
Tags: 363 Sales, News

Dinuba man arrested for allegedly selling THC vape pods to kids - KMPH Fox 26

12/10/2019 Dinuba man arrested for allegedly selling THC vape pods to kids  KMPH Fox 26 [more]
Tags: News, Reorganizations

Purdue’s OxyContin Leaving Trail Of Overdose Deaths, AGs Say - wgbh.org

12/10/2019 Purdue’s OxyContin Leaving Trail Of Overdose Deaths, AGs Say  wgbh.org [more]
Tags: Lawsuits, News

Bankrupt Celadon Group Embarks on Planned Windup - Wall Street Journal

12/10/2019 Bankrupt Celadon Group Embarks on Planned Windup  Wall Street Journal [more]
Tags: 363 Sales, News

Tenn. Atty Suspended Over False Accusations Against Judge - Law360

12/10/2019 Tenn. Atty Suspended Over False Accusations Against Judge  Law360 [more]
Tags: Cases of Interest, News

Experts call Celadon bankruptcy ‘worst-case bankruptcy scenario’ - FOX 59 Indianapolis

12/10/2019 Experts call Celadon bankruptcy ‘worst-case bankruptcy scenario’  FOX 59 Indianapolis [more]
Tags: Cases of Interest, News

Emerge Energy Creditors Say Ch. 11 Plan Undervalues Co. - Law360

12/10/2019 Emerge Energy Creditors Say Ch. 11 Plan Undervalues Co.  Law360 [more]
Tags: News, Reorganizations

Forever 21 announces stores that will close in Southern California after filing for bankruptcy - KABC-TV

12/10/2019 Forever 21 announces stores that will close in Southern California after filing for bankruptcy  KABC-TV [more]
Tags: Liquidation, News

Thomas Cook Bankruptcy Case Study – What Were The Warning Signs? - S&P Global

12/10/2019 Thomas Cook Bankruptcy Case Study – What Were The Warning Signs?  S&P Global [more]
Tags: Cases of Interest, News

Blogs

Why most banks are holding on to their holding companies

12/10/2019 Several banks abandoned their BHCs two years ago to cut costs and reduce regulatory burden. But the strategy never really took hold as most bankers determined there were more benefits to having holding companies than eliminating them. [more]
Tags: Bankruptcy Blogs, banks, BankThink, Community banking, Corporate governance, thrifts and holding companies

One challenger’s goal: Banking that digs deeper into small-business operations

12/10/2019 The startup Rho argues that small firms still have unmet needs, especially tracking cash flow in real time. [more]
Tags: Bankruptcy Blogs, BankThink, Digital banking, Fintech, Fintech regulations, Mobile banking, small business

Citizens names consumer banking, customer experience chiefs

12/10/2019 Brendan Coughlin will succeed Brad Conner as head of consumer banking, and Beth Johnson will be the bank's first chief experience officer. [more]
Tags: , Bankruptcy Blogs, BankThink, Citizens Bank, Consumer banking, Consumer lending, Digital banking, Regional banks, Women in Banking

Bankers give NCUA an earful over revamped membership proposal

12/10/2019 More than 50 banks and banking groups responded to the National Credit Union Administration's call for public comment as it attempts to explain why a new field of membership provision won't permit redlining. [more]
Tags: , American Bankers Association, Bankruptcy Blogs, BankThink, Field of membership, Growth strategies, ICBA, NCUA, Redlining

‘Immigration has become a political football’: Border bankers

12/10/2019 Dennis Nixon and Gerry Schwebel at International Bancshares share their views on the U.S.-Mexico-Canada trade deal, immigration policy, and a border wall. [more]
Tags: Bankruptcy Blogs, BankThink, Financial regulations, Law and regulation

What Truist pressure? Regionals insist they're in no rush to merge

12/10/2019 BB&T and SunTrust showed that big-bank mergers are still possible, but top executives at other large regional banks say that a knee-jerk response would be a mistake. [more]
Tags: , Bankruptcy Blogs, BankThink, BB&T, Citizens Financial, KeyCorp, M&A, Regional banks, Regions Bank, SunTrust, Truist Financial

Credit unions prevail over banks in battle for military base access

12/10/2019 House and Senate lawmakers have denied a push by banking groups to grant banks the rent-free access to military installations that credit unions have. [more]
Tags: , Bankruptcy Blogs, BankThink, Consumer lending, cuj bulletin lead, CUNA, DCUC, DoD, Expense management, Federal credit unions, ICBA, NAFCU

Popular in Puerto Rico urged by activist investor to sell

12/10/2019 Raging Capital Management also urged the company's board to repurchase stock and think about selling a minority stake in the payments processor Evertec. [more]
Tags: Bankruptcy Blogs, BankThink, Capital, Growth strategies, M&A, puerto rico, Regional banks

Fidelity D & D entering Pennsylvania market with MNB acquisition

12/10/2019 The company will gain branches in Northampton County as part of the $79 million deal. [more]
Tags: Bankruptcy Blogs, BankThink, Capital, Community banking, Growth strategies, M&A, pennsylvania

Money laundering battle drives Japan banks to JPMorgan’s network

12/10/2019 JPMorgan Chase & Co.’s blockchain-based information network for payments is drawing the greatest interest in Japan, a country long blamed for weak measures against money laundering. [more]
Tags: , AML, Bankruptcy Blogs, BankThink, Blockchain, Japan, JPMorgan Chase