News

Today's News

July 11, 2020 - 30 new headlines

Sovereign creditors must not rewrite the rules during the pandemic - Jordan Times

07/11/2020 Sovereign creditors must not rewrite the rules during the pandemic  Jordan Times [more]
Tags: Lawsuits, News

Ranking Arizona: Top 10 construction litigation law firms - AZ Big Media

07/11/2020 Ranking Arizona: Top 10 construction litigation law firms  AZ Big Media [more]
Tags: Lawsuits, News

Sur La Table Is Holding a Huge Sale With 65% off Cookware Right Now - Yahoo Lifestyle

07/11/2020 Sur La Table Is Holding a Huge Sale With 65% off Cookware Right Now  Yahoo Lifestyle [more]
Tags: 363 Sales, News

5 Best Bankruptcy Attorneys in Charlotte

07/11/2020 5 Best Bankruptcy Attorneys in Charlotte [more]
Tags: Lawsuits, News

Raleigh mayor tells McClatchy bankruptcy judge that N.C. needs N&O's public service - Winston-Salem Journal

07/11/2020 Raleigh mayor tells McClatchy bankruptcy judge that N.C. needs N&O's public service  Winston-Salem Journal [more]
Tags: Cases of Interest, News

Raleigh mayor tells McClatchy bankruptcy judge that N.C. needs N&O's public service - Greensboro News & Record

07/11/2020 Raleigh mayor tells McClatchy bankruptcy judge that N.C. needs N&O's public service  Greensboro News & Record [more]
Tags: 363 Sales, News

Wall Street week ends with rally...No free Slurpees for 7-11 - KVIA El Paso

07/11/2020 Wall Street week ends with rally [more]
Tags: Liquidation, News

Fewer Chattanoogans are going broke this year, according to bankruptcy filings - Chattanooga Times Free Press

07/11/2020 Fewer Chattanoogans are going broke this year, according to bankruptcy filings  Chattanooga Times Free Press [more]
Tags: Filings, News

Lawyers seek to halt Purdue Pharma political contributions - WFMJ

07/11/2020 Lawyers seek to halt Purdue Pharma political contributions  WFMJ [more]
Tags: Cases of Interest, News

Lawyers seek to halt Purdue Pharma political contributions - Minneapolis Star Tribune

07/11/2020 Lawyers seek to halt Purdue Pharma political contributions  Minneapolis Star Tribune [more]
Tags: Cases of Interest, News

Blogs

Fintech shakeout, Main Street loan quandary, PNC diversifies leadership: Top stories of the week

07/11/2020 New president of Promontory Interfinancial Network says recession will cause "hundreds" of nonbank disruptors to fail; lenders face dilemma over offering Main Street loans to noncustomers; PNC Financial expands, diversifies executive leadership team; and more from this week’s most-read stories. [more]
Tags: Bankruptcy Blogs, BankThink, Diversity and equality, Election 2020, Fintech, Goldman Sachs, ILCs, Joe Biden, Main Street Lending Program, PNC Financial Services Group, SoFi, Wells Fargo

PPP spotlights shortcomings in credit unions' small-business push

07/10/2020 For all banks' claims that credit unions pose a threat to their commercial lending market share, they've accounted for just 2% of volume in the Paycheck Protection Program. [more]
Tags: Bankruptcy Blogs, BankThink, Coronavirus, Credit unions, Paycheck Protection Program, SBA, Small business lending

Wells Fargo expands nonconforming jumbo refi loan criteria

07/10/2020 However, those who aren't current bank customers need to have $1 million in a qualifying account. [more]
Tags: Bankruptcy Blogs, BankThink, Digital Mortgage 2020, Jumbo mortgages, Mortgage Bankers Association, Purchase, Refinance, Wells Fargo

Paycheck Protection Program: Updated Loan Forgiveness Estimator Workbook

07/10/2020 Below please find a link to a newly-updated version of the Sheppard, Mullin, Richter & Hampton LLP (Sheppard Mullin) Paycheck Protection Program (PPP) Loan Forgiveness Estimator Workbook (the Workbook), which was created by and is the property of Sheppard Mullin. The Workbook updates and [more]
Tags: Bankruptcy Blogs, BankruptcyandRestructuringBlog, Coronavirus, Estimator Workbook, Uncategorized

Senate Banking Committee to consider controversial Fed board pick

07/10/2020 The panel later this month will vote on the nomination of Judy Shelton, whose views on certain policy issues have met with skepticism from both Democrats and Republicans. [more]
Tags: Bankruptcy Blogs, BankThink, Deposit insurance, Federal Reserve, Mike Crapo, monetary policy, Senate Banking Committee, Sherrod Brown

Banks seek more fintech help for PPP's next phase

07/10/2020 After tech firms assisted community bankers in processing applications in the Paycheck Protection Program, small-business lenders are continuing to engage with cloud providers and other outside companies to automate the loan forgiveness process. [more]
Tags: Bankruptcy Blogs, BankThink, CARES Act, Community banking, Digital Banking 2020, FIS, Paycheck Protection Program, SBA, Small business lending

Tennessee bank merger to create $1 billion-asset lender

07/10/2020 Citizens Bancorp Investment has agreed to buy American Bancshares in a deal expected to close later this year. [more]
Tags: Bankruptcy Blogs, BankThink, Community banking, Growth strategies, M&A, Tennessee

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