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Banks are losing wealthier underbanked customers to alternative lenders — an undercurrent that is halting progress in expanding credit access for all.

Read More from: BankThink

1 week 3 days ago

H. Palmer Proctor has been the Atlanta company's president since 2004.

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1 week 3 days ago

Attendees at this year's Independent Community Bankers of America convention are being urged to lobby hard to get regulatory relief moved closer to the top of Washington's to-do list.

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1 week 3 days ago

Gerard Nadeau has been the company's top commercial lending executive since 2007.

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1 week 3 days ago

The Trump administration's decision to slash all funding for the flood mapping and loss mitigation efforts in flood-prone communities is getting pushback from supporters of better management policies.

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1 week 3 days ago

A vital first step for banks looking to grow through mergers and acquisitions is to shrink.

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1 week 3 days ago

Some in the industry are faulting The Clearing House Association's plan to make anti-money-laundering rules more efficient.

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1 week 3 days ago

BloqLabs, created by the startup Bloq, wants to help developers get their projects in front of enterprise clients.

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1 week 3 days ago

It is easy for banks to get caught up in what appears innovative but ends up being for show.

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1 week 3 days ago

In a Q&A, CommonBond CEO David Klein discusses how an OCC charter might benefit customers by lowering the cost to run a student loan refinancing business.

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1 week 3 days ago

The Justice Department told a federal appeals court on Friday that President Trump should have the authority to fire the head of the Consumer Financial Protection Bureau.

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1 week 3 days ago

Orrick assisted GLAS Trust Corporation Limited in the recent financial restructuring of SoLocal Group S.A., the leading French provider of digital local media and marketing.

The main creditors involved were the lenders of around €835 million in senior secured bank debt and the holders of €350,000,000 8.875% senior secured notes due 2018 (the “Notes”). The restructuring agreed between the company, its shareholders and its creditors involved a partial cash prepayment of debt and a swap for new notes, warrants, convertible notes and equity. Shareholders received three free shares for every two existing ones held. Overall the restructuring resulted in a two-thirds reduction in debt (from €1.158 billion to €398 million) and greatly reduced leverage ratio.

Orrick assisted GLAS with the restructuring of the Notes which had been issued through a “back-to-back” structure. Working with Solocal and the ad hoc creditors committee the back-to-back structure was collapsed by way of the consensual enforcement by GLAS (as security agent) of a French law pledge of receivables of the proceeds loan. This resulted in GLAS becoming a creditor of SoLocal Group S.A. under the proceeds loan thereby giving holders of the Notes a more direct nexus with the restructuring and access to the restructuring consideration to be distributed under the French law accelerated financial safeguard plan.

1 week 3 days ago

Attorney Ron SykstusIn the private, civilian non-government related world, doing stupid thing can have consequences but, when someone is in the military and/or has a security clearance, the consequences of bad judgment and behavior can be exponential.  I am prompted to write this blog post based upon the disturbing news reports out of the Marine Corps. The military is always concerned about behavior that can affect troop readiness and morale.  The problem now for all of these Marines, especially current active-duty and reservists, is that they fall under the Uniform Code of Military Justice (UCMJ).

Read More from: Bonds & Botes, P.C.

1 week 3 days ago

Bankruptcy Attorneys, Philadelphia

Following the recent Chapter 11 filing for North Philadelphia Health System, some creditors are voicing their concerns and objecting to the tax-exempt organization’s plan to go into more debt to get through bankruptcy.

Read More from: Young, Klein & Associates

1 week 3 days ago

Financial advisers accused of misconduct are treated very differently depending on their gender, with women far more likely to get fired. Plus, what happens when a guy switches email signatures with his female coworker?

Read More from: BankThink

1 week 4 days ago

The San Francisco firm unveiled a new logo that prominently depicts its connection to its longtime owner, BNP Paribas. In doing so, it is wagering that any fallout from negative public perceptions of global megabanks will be outweighed by new opportunities to generate revenue.

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1 week 4 days ago

CEO Timothy Sloan earned nearly $13 million last year in base pay and stock; Wall Street bonus pool rises from 2015 but still lags the years before the crisis.

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1 week 4 days ago

The industry has made great strides in faster payments over the past year. Even more cooperation among stakeholders will be needed in the year ahead.

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1 week 4 days ago

The ICO fundraising model has already yielded more than $230 million for startups.

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1 week 4 days ago

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