2020-09-17
On September 16, 2020, Kettner Investments, LLC based out of Santee, California, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case 20-12366). The company reports $10 mil
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
2020-09-17
On September 16, 2020, Kettner Investments, LLC based out of Santee, California, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case 20-12366). The company reports $10 mil
Read More from: Bankruptcy and Restructuring Law Monitor
2020-09-17
The Federal Reserve Board will discuss an advance notice of proposed rulemaking on the Community Reinvestment Act at an open meeting. The central bank had previously declined to support an OCC rule overhauling the 1977 law.
Read More from: BankThink
2020-09-17
The Baltimore institution said it would close on Nov. 3 with the intention that employees use the paid time off to participate in the democratic process.
Read More from: BankThink
2020-09-17
Jason Gelinas, an employee at Citigroup, has been placed on paid leave pending an internal investigation after he was identified as the operator of the most prominent website dedicated to the QAnon conspiracy theory, according to three people fami
Read More from: BankThink
2020-09-17
The central bank reiterated its plan to allow inflation to run above 2% for an extent before raising rates; the German bank postpones returning people to its New York City office until next July.
Read More from: BankThink
Bankruptcy Laws Must (and do) Change With the Economy (Continental Illinois v. Chicago, Rock Island)
2020-09-17
Read More from: Mediatbankry
2020-09-17
Second-quarter figures from the credit union regulator paint a grim picture for many states across a variety of key earnings metrics.
Read More from: BankThink
2020-09-16
Deal activity, already on pace for its slowest year in more than two decades, will likely remain suppressed until bankers get a handle on credit exposure and more clarity on valuations.
Read More from: BankThink
2020-09-16
There are times when Chapter 7 cases become Chapter 13 cases. There are also times when it happens the other way around. Sometimes this is the borrower’s choice. At other times, the courts themselves force the change.
Read More from: Young, Marr & Associates
2020-09-16
There are times when Chapter 7 cases become Chapter 13 cases. There are also times when it happens the other way around. Sometimes this is the borrower’s choice. At other times, the courts themselves force the change.
Read More from: Young, Marr & Associates
2020-09-16
The Financial Crimes Enforcement Network is seeking to create a better-defined standard for effective AML compliance programs and is considering whether to impose formal requirements that banks assess their laundering risk.
Read More from: BankThink
2020-09-16
With only a fraction of the funds allocated being used, Federal Reserve Chair Jerome Powell said the central bank is considering tweaks to the middle-market rescue program in an appeal to lenders wary of taking on added risk.
Read More from: BankThink
2020-09-16
The new unit plans to connect the startups it backs, such as the global payments network Veem, with experts at the company who can provide business advice.
Read More from: BankThink
2020-09-16
Fannie Mae and Freddie Mac have been slammed for planning an additional refinancing charge to cover COVID-related losses, but the head of the Federal Housing Finance Agency defended the policy in House testimony.
Read More from: BankThink
2020-09-16
The central bank said it would keep interest rates at current levels through at least to help the U.S. economy recover from the coronavirus pandemic.
Read More from: BankThink
2020-09-16
The company, which left New York in 2015 to avoid its regulations on virtual currencies, has found a more welcoming state.
Read More from: BankThink
2020-09-16
More than 160 institutions will use the money to help members weather the coronavirus by offering new products and providing help with loan payments.
Read More from: BankThink
2020-09-16
Led by HSBC, European banks account for the largest share of the announced reductions, according to a Bloomberg analysis.
Read More from: BankThink