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The company, which helps banks develop high-tech products and services, has agreed to buy Gro Solutions after recently completing its deal for Cloud Lending.

Read More from: BankThink

6 days 18 hours ago

The agency's semiannual report on risks in the industry focused heavily on the high volume of commercial loans as well as banks' exposure to nonfinancial corporate debt, which is near a record share of GDP.

Read More from: BankThink

6 days 18 hours ago

Attorney General Barbara Underwood’s office is looking into whether merchant cash-advance companies engaged in fraud or abused the state court system.

Read More from: BankThink

6 days 18 hours ago

Simone Lagomarsino, former CEO of Heritage Oak Bank, will succeed John Biggs next month.

Read More from: BankThink

6 days 18 hours ago

The Democrat, who will likely head the Financial Services Committee, has signaled she'll make expanded housing opportunities for lower-income consumers a top priority.

Read More from: BankThink

6 days 18 hours ago

GilmoreThe American College of Commercial Finance Lawyers seeks nominations for scholarly articles to be considered for the Grant Gilmore Award. It is not awarded every year, but when it is, the main criteria is "superior writing in the field of commercial finance law."  I am chairing the award committee this year, so please email me or message me on Twitter before December 14 to ensure your suggestion is considered. Especially eager to get suggestions of articles written by newer members of the academy that might otherwise be missed.

Read More from: Credit Slips

1 week 44 min ago

Can a senior secured creditor, who credit bid for substantially all of a debtor’s assets, contribute non-estate property to a litigation trust for the benefit of general unsecured creditors without following the absolute priority rule?  In the recent Constellation Enterprises case, the Bankruptcy Court for the District of Delaware ruled that, as a result of the Supreme Court’s Jevic decision, it cannot and on that basis refused to approve a settlement which would have provided a significant recovery to unsecured creditors.

Read More from: eSQUIRE Global Crossings

1 week 3 hours ago

The bank would add to monitoring of employees outside the U.S. in response to the 1MDB scandal; financial firms seek help to automate more systems.

Read More from: BankThink

1 week 6 hours ago

Social Finance, the lending and refinancing startup valued at more than $4 billion, is cutting about 7% of its staff, according to a person familiar with the matter.

Read More from: BankThink

1 week 6 hours ago

Regulators are considering reforms to the Community Reinvestment Act, but it’s not clear that the law is needed anymore.

Read More from: BankThink

1 week 6 hours ago

Year to date through Sep. 30, 2018. Dollars in thousands.

Read More from: BankThink

1 week 6 hours ago

Year to date through Sep. 30, 2018. Dollars in thousands.

Read More from: BankThink

1 week 6 hours ago

Citizens Community Bancorp is selling its Rochester Hills, Mich., office to Lake Michigan Credit Union.

Read More from: BankThink

1 week 6 hours ago

Few firms have been able to blend predictive virtual assistants, geolocation, data analytics and other cutting-edge technology into apps like TD Bank, which has more mobile users in Canada than anyone in finance.

Read More from: BankThink

1 week 6 hours ago

Recognize high-achieving women in the pipeline and celebrate diversity across the industry. Nominate a female executive under age 40 for Most Powerful Women in Banking: Next.

Read More from: BankThink

1 week 6 hours ago

The federal regulators said in a joint statement that they will take a bank's level of innovation into account in supervising its anti-money-laundering procedures.

Read More from: BankThink

1 week 6 hours ago

Before it was the global financial crisis, we called it the subprime crisis. The slow, painful recovery, and the ever-widening income and wealth inequality, are the results of policy choices made before and after the crisis. Before 2007, legislators and regulators cheered on risky subprime mortgage lending as the "democratization of credit." High-rate, high-fee mortgages transferred income massively from working- and middle-class buyers and owners of homes to securities investors.

Read More from: Credit Slips

1 week 7 hours ago

Argos Therapeutics, Inc. (f/k/a Merix Bioscience, Inc.) has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 18-12714).  According to the First Day Declaration, Argos, based in Durham, N.C., is an immune-oncology company developing immunotherapeutic drugs using its proprietary Arcelis® platform.  The First Day Declaration explains that Argos has filed as a result of negative results in a phase 3 clinical trial for one of its products.  As a result, Argos—which also has products in three other Phase 2 trials—is seeking to sell substantially all of its assets under section 363 of the Bankruptcy Code, with Cellscript, LLC serving as stalking horse purchaser.  No claims and noticing agent has been proposed.  The case has been assigned to the Honorable Kevin J. Carey.

1 week 10 hours ago

Argos Therapeutics, Inc. (f/k/a Merix Bioscience, Inc.) has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 18-12714).  According to the First Day Declaration, Argos, based in Durham, N.C., is an immune-oncology company developing immunotherapeutic drugs using its proprietary Arcelis® platform.  The First Day Declaration explains that Argos has filed as a result of negative results in a phase 3 clinical trial for one of its products.  As a result, Argos—which also has products in three other Phase 2 trials—is seeking to sell substantially all of its assets under section 363 of the Bankruptcy Code, with Cellscript, LLC serving as stalking horse purchaser.  No claims and noticing agent has been proposed.  The case has been assigned to the Honorable Kevin J. Carey.

1 week 10 hours ago

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