News

Today's News

June 2, 2020 - 21 new headlines

JCPenney, Tuesday Morning, Pier 1 going-out-of-business liquidation sales different because of COVID-19 - USA TODAY

06/02/2020 JCPenney, Tuesday Morning, Pier 1 going-out-of-business liquidation sales different because of COVID-19  USA TODAY [more]
Tags: 363 Sales, News

Keen-Summit Capital Partners Hires Turnaround & Restructuring Pro in Atlanta - News - ABL Advisor

06/02/2020 Keen-Summit Capital Partners Hires Turnaround & Restructuring Pro in Atlanta - News  ABL Advisor [more]
Tags: Lawsuits, News

Portsmouth equity firm's bankruptcy filing entangles Berlin biomass plant - New Hampshire Business Review

06/02/2020 Portsmouth equity firm's bankruptcy filing entangles Berlin biomass plant  New Hampshire Business Review [more]
Tags: Lawsuits, News

Bankruptcy Filing Results in Auction of Hood Landscape and Garden Products Valdosta, GA Location - PRNewswire

06/02/2020 Bankruptcy Filing Results in Auction of Hood Landscape and Garden Products Valdosta, GA Location  PRNewswire [more]
Tags: 363 Sales, News

Bankrupt KMCO bought by Houston chemical company ALTIVIA - Houston Chronicle

06/02/2020 Bankrupt KMCO bought by Houston chemical company ALTIVIA  Houston Chronicle [more]
Tags: Filings, News

Trade war tradeoff: How a Missouri town got America's dirtiest air - KFGO News

06/02/2020 Trade war tradeoff: How a Missouri town got America's dirtiest air  KFGO News [more]
Tags: Liquidation, News

SouthGobi announces an update on enforcement of Arbitration Award with First Concept - GlobeNewswire

06/02/2020 SouthGobi announces an update on enforcement of Arbitration Award with First Concept  GlobeNewswire [more]
Tags: Cases of Interest, News

Chambers and Partners Ranks Kane Russell Coleman Logan in 2020 Chambers USA and Chambers Global Guide of Top Law Firms - PR Web

06/02/2020 Chambers and Partners Ranks Kane Russell Coleman Logan in 2020 Chambers USA and Chambers Global Guide of Top Law Firms  PR Web [more]
Tags: Lawsuits, News

SC&H Capital launches joint venture with two healthcare consulting firms - Consulting.us

06/02/2020 SC&H Capital launches joint venture with two healthcare consulting firms  Consulting.us [more]
Tags: Lawsuits, News

Bankrupt KMCO bought by Houston chemical company ALTIVIA - Houston Chronicle

06/02/2020 Bankrupt KMCO bought by Houston chemical company ALTIVIA  Houston Chronicle [more]
Tags: 363 Sales, News

Blogs

Acting comptroller warns on masks; stimulus debit cards cause confusion

06/02/2020 Brian Brooks says coronavirus mandates, such as masks, could potentially harm banks; some recipients of the Treasury prepaid cards don’t believe they are for real. [more]
Tags: Bankruptcy Blogs, BankThink, Barclays, Brian Brooks, Coronavirus, debit cards, interest rates, OCC

Coronavirus still a threat to credit scores despite congressional relief

06/01/2020 The rescue bill enabled banks to protect loans in forbearance from an immediate hit to a borrower’s credit report, but experts say affected consumers may have trouble getting loans after the pandemic ends. [more]
Tags: Bankruptcy Blogs, BankThink, CARES Act, CFPB, Coronavirus, Credit quality, Credit Reporting, credit scores, Equifax, experian, Transunion

‘The U.S. needs to take digital currency seriously’: Dave Birch

06/01/2020 Competition over virtual currency could alter politics and global power structures, potentially to the detriment of the U.S., the author of "The Currency Cold War" argues. [more]
Tags: Bankruptcy Blogs, BankThink, Cryptocurrencies, Digital currencies

The fresh ideas that inspired Bank of the West's digital makeover

06/01/2020 Many of the cultural changes instituted by Hisham Salama, one of American Banker’s 2020 digital bankers of the year, have led to a more agile tech team and higher customer satisfaction scores. [more]
Tags: Bank of the West, Bankruptcy Blogs, BankThink, Digital banking, Digital Banking 2020, Mobile banking

Swept up in civic unrest, banks confront deep societal issues

06/01/2020 Bankers spent Monday cleaning up damaged branches, wondering if their small-business clients will need more emergency aid and contemplating how the racial and economic inequalities highlighted by days of violent protests nationwide can be corrected. [more]
Tags: Bankruptcy Blogs, BankThink, Branch network, Consumer banking, Corporate governance, Crisis management, Diversity and equality, Small business lending

'Indefinite shutdowns' harming U.S. economy, new OCC chief says

06/01/2020 Acting Comptroller of the Currency Brian Brooks took the extraordinary step of wading into the debate over when it was appropriate to reopen businesses. [more]
Tags: Bankruptcy Blogs, BankThink, Brian Brooks, Commercial real estate lending, Coronavirus, OCC, Robberies

Pa. bank needed coronavirus shields. Good thing its CEO had a connection.

06/01/2020 With the pandemic putting plexiglass in short supply, Joe McDonald called up a local source: a former classmate. [more]
Tags: Bankruptcy Blogs, BankThink, Branch network, Community banking, Coronavirus

Puerto Rico and the Oversight Board

06/01/2020 The Supreme Court's opinion is out today, and the short answer is that the Board's appointment did not violate the Appointments Clause of the Constitution (Article II, Section 2, Clause 2), and thus the First Circuit is reversed. But take a look at Justice Sotomayor's concurrence. She is all but [more]
Tags: Bankruptcy Blogs, CreditSlips, municipal bankruptcy, puerto rico

The write-downs are coming. Start preparing now.

06/01/2020 Periods of significant loan defaults are tough on banks and force unpleasant choices. Here are steps to evaluate collateral in such uncertain times. [more]
Tags: Bankruptcy Blogs, BankThink, Compliance, Compliance systems, Coronavirus, Crisis management, Risk, Risk analysis, Risk appetite, Risk management

Banks have a mountain of deposits, so they don’t need PPP funding

06/01/2020 The Federal Reserve set up a liquidity facility to help banks meet demand for emergency small-business loans through the Paycheck Protection Program, but it's gone largely unused. [more]
Tags: Bank of America, Bankruptcy Blogs, BankThink, Citigroup, Coronavirus, Federal Reserve, Paycheck Protection Program, Small business lending