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Giants like Facebook, JPMorgan Chase and Walmart are all pushing blockchain for myriad use cases, and now Wells Fargo has joined the fray with its own spin on the distributed ledger technology.

Read More from: BankThink

5 hours 17 min ago

The company will offer deposit-related services to firms with permits for hemp and CBD.

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5 hours 44 min ago

Private Bancorp of America is the latest bank to report a borrower issue in connection with a high-profile fraud case tied to liquor licenses.

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5 hours 51 min ago

On September 17, 2019, Sienna Biopharmaceuticals, Inc., filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-12051-CSS).  Sienna Biopharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on bringing innovations in biotechnology to the discovery, development, and commercialization of first-in-class, targeted, topical products in medical dermatology and aesthetics.  The Debtor reports assets and liabilities both in the range of $50,000,001-100 million (total assets of $107,625,000.00 and debts of $80,642,000.00), estimated creditors of between 200-999, and funds are presently expected to be available for distribution to unsecured creditors.

Cole Schotz does not represent the Debtors in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtors’ counsel.

7 hours 1 min ago

On September 17, 2019, Sienna Biopharmaceuticals, Inc., filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-12051-CSS).  Sienna Biopharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on bringing innovations in biotechnology to the discovery, development, and commercialization of first-in-class, targeted, topical products in medical dermatology and aesthetics.  The Debtor reports assets and liabilities both in the range of $50,000,001-100 million (total assets of $107,625,000.00 and debts of $80,642,000.00), estimated creditors of between 200-999, and funds are presently expected to be available for distribution to unsecured creditors.

Cole Schotz does not represent the Debtors in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtors’ counsel.

7 hours 1 min ago

The FHFA can go beyond a recent Trump administration report to level the playing field between the private sector and Fannie Mae and Freddie Mac.

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7 hours 29 min ago

Fifth Third Bancorp becomes the largest bank to switch from state to OCC regulation; former Deutsche CEO named chairman of Man Group.

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8 hours 21 min ago

The association filed a comment letter urging FASB to delay CECL implementation for all banks, while asking a key accounting group to support its effort.

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8 hours 23 min ago

Melissa Koide, co-founder and CEO of FinRegLab, analyzed loan data from six lenders that use cash-flow data in their underwriting. She shares what she found.

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10 hours 29 min ago

The company agreed to buy Tennessee Community Bank Holdings, which has operations just west of Nashville.

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17 hours 59 min ago

Regulators are letting banks choose from among four security frameworks, but some observers are urging a more prescriptive approach.

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18 hours 59 min ago

Mission Lane, which was spun off from LendUp in December, said Monday that Shane Holdaway took the helm in August after roughly a year serving as CEO of Barclays' U.S. consumer bank. The upstart lender also announced that it has raised $200 million in equity funding.

Read More from: BankThink

22 hours 30 min ago

U.S. prosecutors have accused three JPMorgan traders of rigging futures trades in precious metals for nearly a decade, making millions of dollars for the bank at the expense of counterparties that included the bank’s own clients.

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22 hours 31 min ago

Your Social Security Statement is a secure, official record of your earnings and estimated disability benefits. These statements are important to check and review, because they will help to give you a more accurate idea of the benefits you might qualify for in the future. In this article, our Pennsylvania disability lawyers explain everything you […]

The post How Do I Get My Social Security Statement in NJ or Pennsylvania? appeared first on .

Read More from: Young, Marr & Associates

1 day 33 min ago

Muneera Carr, Comerica's CFO since 2017, will leave in October and James Herzog, who had been the bank's treasurer, will serve as interim CFO until a successor is named.

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1 day 1 hour ago

Hackers go in for the kill when challenger banks and others launch retail products. So the companies are forced to step up their defenses — fast.

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1 day 2 hours ago
A living trust is a legal document that states who you want to manage and distribute your assets if you're unable to do so, and who receives them when you pass away. Having one helps communicate your wishes so your loved ones aren't left guessing or dealing with the courts.
This is what Legal Zoom says about Living Trusts.   What it does not say is that unless a living trust is set up properly, it can result in loss of the Texas homestead exemption as the Debtor found out in Case No.  18-50102, In re Steven Jeffrey Cyr (Bankr. W.D. Tex. 7/16/19) which can be found here.

What Happened

 Dr. Steven J. Cyr is a doctor who retired from the Air Force with the rank of Lt. Colonel.  In 2007, he and his wife purchased a home in San Antonio with a mortgage of $2.1 million.  He also purchased a second property in 2017.   On September 12, 2014, Dr. Cyr and his wife created a living trust and transferred their home into it by warranty deed.   Dr. and Mrs. Cyr were the Trustmakers, trustees and beneficiaries of the living trust.  However, Dr. Cyr resigned as a Trustee as of January 1, 2018.

1 day 3 hours ago

Women executives headlined a number of key moves in the banking industry as summer wound down.

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1 day 4 hours ago

A seller's assets and deposits lose some luster if the best and brightest who helped bring in the business leave after a deal closes.

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1 day 4 hours ago

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