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Both Democrats and Republicans devoted considerable time at a House Financial Services Committee hearing last week to lamenting how the accounting standard will hurt small lenders.

Read More from: BankThink

13 hours 27 min ago

Although higher corporate debt could hurt the economy, Federal Reserve Chair Jerome Powell argued changes made since the last crisis will guard against a meltdown.

Read More from: BankThink

14 hours 51 min ago

Sens. Sherrod Brown, D-Ohio, and Chris Van Hollen, D-Md., called on the bank to explain a report that the private wealth management division quashed anti-money-laundering reports prepared by compliance staff.

Read More from: BankThink

16 hours 30 min ago

American Bank & Trust opened after organizers raised more than $22.5 million.

Read More from: BankThink

16 hours 48 min ago

Teresa Tanner, one of American Banker’s Most Powerful Women in Banking, is stepping down as the bank’s chief administrative officer to focus on larger societal issues, such as helping women advance in the workplace and creating economic opportunities for minorities and people with disabilities.

Read More from: BankThink

17 hours 4 min ago

Kristen Donoghue had been one of the agency's few remaining senior enforcement managers hired by former Director Richard Cordray.

Read More from: BankThink

17 hours 25 min ago

Banks would be better able to comply with anti-money-laundering laws if all 50 states collected information on the owners of new corporations and published it in a national database, Comptroller Joseph Otting said Monday.

Read More from: BankThink

18 hours 31 min ago

The Bay Area is a booming market with a limited number of smaller banks. The high premium Presidio is receiving from Heritage Commerce might spark more M&A activity.

Read More from: BankThink

18 hours 34 min ago

Mark Calabria said he wants Fannie Mae and Freddie Mac to take preliminary steps by Jan. 1 toward exiting conservatorship.

Read More from: BankThink

19 hours 24 min ago

A Wells Fargo customer was interrogated, fingerprinted and mistakenly arrested for check forgery after a series of mistakes on the bank's part. He was cleared, and Wells says it made an error, but they are now fighting in civil court.

Read More from: BankThink

19 hours 44 min ago

In the wake of the economic crisis, Paul Volcker called automated teller machines the last financial innovation that improved society. A decade later, their popularity is slipping.

Read More from: BankThink

21 hours 5 min ago

Banesco USA agreed to buy Brickell more than a year after Banco Espirito tried to sell the Miami bank to a Swiss financier.

Read More from: BankThink

21 hours 52 min ago

Earlier today, the Supreme Court finally answered the question of whether a trademark licensee is protected when the trademark owner/licensor files a bankruptcy petition and rejects the trademark license in accordance with section 365 of the Bankruptcy Code.  To cut to the chase, trademark licensees won.

Read More from: eSQUIRE Global Crossings

22 hours 11 min ago

Credit Union Trust, a new credit union service organization, has obtained a bank charter that it will use in offering trust and investment-related services.

Read More from: BankThink

22 hours 13 min ago

Last November, we reported on the long-standing circuit split between the First and Seventh Circuits regarding the effect of rejection of a trademark license agreement under section 365 of the Bankruptcy Code.

This morning, in Mission Product Holdings, Inc. v. Tempnology, LLC,  2019 WL 2166392, the Supreme Court affirmed the Seventh Circuit’s reasoning and held 8-1 that a debtor-licensor’s rejection of a non-exclusive trademark license agreement under section 365 of the Bankruptcy Code does not prohibit its licensee from continuing to use that trademark.  In so doing, the Court flatly rejected arguments that rejection functions as a quasi-rescission:

22 hours 24 min ago

Last November, we reported on the long-standing circuit split between the First and Seventh Circuits regarding the effect of rejection of a trademark license agreement under section 365 of the Bankruptcy Code.

This morning, in Mission Product Holdings, Inc. v. Tempnology, LLC,  2019 WL 2166392, the Supreme Court affirmed the Seventh Circuit’s reasoning and held 8-1 that a debtor-licensor’s rejection of a non-exclusive trademark license agreement under section 365 of the Bankruptcy Code does not prohibit its licensee from continuing to use that trademark.  In so doing, the Court flatly rejected arguments that rejection functions as a quasi-rescission:

22 hours 24 min ago

Yesterday, the New York Times published the first part of a devastating investigation into taxi medallion loans.  We highly recommend the article and will post further parts as soon as they become available.

Read More from: Shenwick & Associates

22 hours 31 min ago

Blue Ridge Bankshares will be based in Charlottesville, Va., after completing its $43 million purchase of Virginia Community Bancshares.

Read More from: BankThink

22 hours 56 min ago

Year to date Dec. 31, 2018. Dollars in thousands.

Read More from: BankThink

23 hours 19 min ago

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