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With thousands of job cuts likely to follow what's forecast to be the worst recession in three centuries, the tenants of the glass and steel towers that dominate the City of London and Canary Wharf may face an even bigger retreat.

Read More from: BankThink

3 days 2 hours ago

Congress and the FDIC are considering easing limits on banks' holdings of such deposits, a move that could inadvertently lead to more expensive failures.

Read More from: BankThink

3 days 3 hours ago

Deutsche Bank says it’s on track to meet its financial targets while Commerzbank's top two executives resign; recent Fed stress test results show European banks' poor performance in U.S. continues.

Read More from: BankThink

3 days 4 hours ago

Global sightsWe have updated our guide setting our the financial support measures available to companies with updates from Germany and France.

Read More from: eSQUIRE Global Crossings

3 days 7 hours ago

Our guide sets out how different jurisdictions are changing their Insolvency Laws to help alleviate additional pressures placed on businesses as a consequence of cash flow pressures caused by COVID-19.

We have updated our guide to include further changes to insolvency laws in Italy and Japan.

Read More from: eSQUIRE Global Crossings

3 days 7 hours ago

The New York-area companies' $489 million agreement runs counter to recent merger pacts built around branch cuts and more tech spending.

Read More from: BankThink

3 days 16 hours ago

Broken Promises: Teachers Sue U.S. Over Student Loans That Weren’t Forgiven


Law suit against Department of Education – loan forgiveness program for millions of public service workers is in such a shambles that it violates federal law and the Constitution.

3 days 17 hours ago

SCAMS ABOUND – NEVER BELIEVE WHAT SOMEONE TELLS YOU, UNLESS YOU CHECK IT OUT.

Here are some Arizona resources to help you find accurate information.

5 days 23 hours ago

“Bankruptcy” is a legal proceeding in which a person who cannot pay his/her bills can get a “fresh start”. In Texas, the bankruptcy code is a federal law, meaning it applies uniformly nationwide. Filing for bankruptcy immediately stops creditors from collecting debts from you until the debts are sorted out through an “automatic stay.” Each state, as well as the federal government, have enacted legislation that dictates what property debtors can keep through the bankruptcy process. These laws are known as “exemption laws”.

Exemption Laws

An exemption limit applies to any equity you have in the property. Equity pertains to the difference between the value of the property versus what is owed of the property. If the property is secured by a loan, such as a house or a car, you may choose to keep making payments on the loan and keep this property through bankruptcy.

Read More from: AllmandLaw

6 days 5 hours ago

The company said its plan to shutter 12 locations reflects "increased client usage of online and mobile banking and a commitment to improve digital banking technology."

Read More from: BankThink

6 days 20 hours ago

As PPP enters forgiveness phase, some banks see outsourcing as best move; after the Fed’s stress tests, Wells Fargo to cut dividend while other big banks boost capital buffer; Supreme Court strikes down CFPB leadership structure; and more from this week’s most-read stories.

Read More from: BankThink

6 days 20 hours ago

The class A notes, secured by legacy trust-preferreds and subordinated debt of institutions, carry an investment-grade A1 rating from Moody's. That rating is slightly lower than a prior Hildene CDO, due to elevated pandemic risk to bank profitability.

Read More from: BankThink

6 days 22 hours ago

The investment firm is the latest nonbank to try to enter banking through a Utah-based ILC.

Read More from: BankThink

6 days 23 hours ago

Tom Pahl, a former longtime regulator at the Federal Trade Commission, has led key rulemaking efforts for the consumer bureau.

Read More from: BankThink

6 days 23 hours ago

While elevated loan-loss provisions are expected to eat into all banks’ earnings, midsize banks could suffer more than their big-bank rivals because they have fewer revenue drivers. Meanwhile, investors will be watching closely for any signs of dividend cuts stemming from the Federal Reserve’s caps on payouts.

Read More from: BankThink

6 days 23 hours ago

Heritage Trust Federal Credit Union will buy the bank's deposits and assume its liabilities.

Read More from: BankThink

6 days 23 hours ago

Legal experts say it is now more likely that the Supreme Court will strike down the single-director governance framework for Fannie Mae and Freddie Mac’s regulator.

Read More from: BankThink

1 week 3 min ago

On Monday, Chairman Jay Clayton moderated a virtual roundtable titled “Q2 Reporting: A Discussion of COVID-19 Related Disclosure Considerations” to solicit views from a small panel of highly experienced and well-informed private investors and asset managers (“Roundtable”).  The Roundtable included the following panelists: Gary Cohn, Former Director of the U.S. National Economic Council; Glenn Hutchins, Chairman of North Island and Co-Founder of Silver Lake; Tracy Maitland, President and CIO of Advent Capital Management; and Barbara Novick, Vice Chair and Co-Founder of BlackRock. The Director of the Division of Corporation Finance, William H. Hinman, also participated in the Roundtable.

Standardization, Transparency and Forward-Looking Information

There was a general consensus among panelists that companies’ providing greater transparency and forward-looking information is crucial when there is a lot of economic uncertainty, such as presented by the COVID-19 pandemic.
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1 week 20 min ago

I have written previously on the Top Ten security clearance issues and problems that I see in my law practice.  It gets a lot of views at our web site so I thought I would come up with a Top Ten list as it relates to VA disability claims filed by military veterans.   

1. In a nutshell, if you are applying for a VA disability claim, you are stating that you have a CURRENT disability of some type that was incurred or aggravated during your ACTIVE duty service.  It is really that straight forward but please always keep this concept in mind as you are trying to get your VA disability.  It will help you focus on and improve the chances of your claim being granted.

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

1 week 2 hours ago

Helping their customers adjust to digital banking and pay crushing bills are just a couple of ways community bankers are reaching out.

Read More from: BankThink

1 week 2 hours ago

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