On Sep. 30, 2019. Dollars in thousands.
Financial institutions need to be aware of the platform model, strategic and reputational hazards that come with granting access to their networks.
[Interviewer] Your last post was 2016. Why no posts between them and now?
[Spiritually Bankrupt] Lots of life things, for sure. I got busy at work. Family things. Increased focus on health and spirituality. The election, though, was the real issue with my writing.
[I] Why was that?
[SB] It seemed like the public discourse became a wall of pain, anger, and fear. My milieu is mostly liberal, and my friends and contacts seemed pretty concerned that the world was going to end. I would try to comfort people in person and on social media, but I was ineffective. In fact, I would tick people off. It made me shy away from my writing and from public participation in general.
[I] What were you doing wrong?
[SB] I think it started with the idea that I could console anyone or take away their hurt, that I was somehow strong or intelligent enough to help them to a more “enlightened” position.
[I] (Laughing) Sounds like you thought a lot of yourself! A kind of hero complex?
[SB] Ha, maybe so. I fall into that trap with parenting all the time. The kids basically don’t believe I know anything, and I think that probably extends to everyone else, too.
[I] I think you’re being too hard on yourself. You’re a smart guy.
Read More from: Spiritually Bankrupt
The regional bank, formed from the merger of BB&T and SunTrust, will begin marketing its new brand in conjunction with next month’s Super Bowl.
The bank will top $500 million in assets after it acquires F&M Bancshares.
Profits at big banks are expected to be up versus a year ago but down from the third quarter; add antiquated systems to the bank’s many problems.
In this CFO series post we cover five things to keep in mind if you file for bankruptcy protection along with some basic elements of the bankruptcy process.
As in other facets of life, the answer to whether your company should file for bankruptcy protection depends a great deal on how well you have prepared, as well as the quantity and quality of financial resources you start with. If an illiquid company stumbles into chapter 11 with little preparation, it very well could lead to a quick bankruptcy sale of the company, or even to a liquidation.
Desperate firms casting about for solutions to their distressed problems rarely find a good outcome in chapter 11. Conversely, a company and its advisors may have planned well in advance, cut deals with all of the major constituencies and could then strategically file a chapter 11 petition in order to bind all creditors or to achieve a tax-efficient result only available in bankruptcy (think “pre-packaged” or “pre-arranged” bankruptcy).
If you are just starting to think about the ramifications of financial distress, we have set forth some basic elements of the bankruptcy process:
Read More from: Gordian Group
Following an independent review of HMRC’s loan charge the UK Government has announced that there will be a number of changes to the loan charge, which in some cases will include repayment.
Not only will some directors be able to claim back payments made in settlement, others will be able to take advantage of more flexible ways to pay.
Read More from: eSQUIRE Global Crossings
Can Charlie Scharf fix what ails Wells Fargo? How will Kelly King and Bill Rogers manage the integration of the biggest bank merger since the early 2000s? And will New Jersey Gov. Phil Murphy be able to beat back opposition from the banking industry and make good on his promise to create a state-owned bank? Here are 11 leaders to keep an eye on in 2020.
A North Carolina group is trying to take regulators' cue to work together. A successful effort could encourage others to follow its lead.
Read More from: Nebraska Debt and Bankruptcy Blog
New legislation in Congress seeks to do away with a data-collection mandate that addressed discrimination in business lending. The repeal measure has the support of two bank industry groups based in Washington.
There’s a battle of experts underway about just how often medical bills and lost income due to an illness or injury triggers a bankruptcy filing. Some studies conclude that as many as ⅔ of all bankruptcy filings are due at least in part to medical problems, while others contend the number is much smaller.
If you’re one of the many Americans who is struggling with medical debt, you probably don’t care much about the percentages. The more important question is “What can I do about this overwhelming medical debt?” While many people are uncertain whether or not medical bills can be included in bankruptcy, the answer is a clear “yes.” And, it doesn’t matter whether they’re old or new, large or small, or in the hands of the original creditor or an outside collection agency.
How those bills are treated will depend on whether you file for Chapter 7 bankruptcy or Chapter 13 bankruptcy.
Read More from: Bonds & Botes, P.C.
Former CFPB Director Richard Cordray and consumer advocates have designed a proposed state consumer agency that would subject more financial firms and fintechs to state oversight.
The effort is part of a push by interim Chief Executive Officer Noel Quinn to cut costs at Europe’s largest lender by assets.
Potential sources of industry upheaval, and how to adapt; former Wells Fargo execs may face criminal charges in coming weeks; why banks have such high turnover of chief compliance officers; and more from this week's most-read stories.
Silicon Valley giants are better innovators, software developers and data managers, but banks' inherent advantages shouldn't be discounted, says Sonny Singh, a senior vice president at Oracle.
Read More from: Shenwick & Associates
Organizers of Founders Bank in Washington are still need to raise at least $25 million before opening.
To which my assistant replied: you need to first fill out our questionnaire and make an appointment.
But I don’t want a meeting, I just want to ask a question.
At which point, both sides of the call are frustrated.
The caller thinks he has a reasonable request. The law office isn’t getting through to the caller that a quick answer isn’t possible.
And that’s because: there are no quick answers to bankruptcy questions.
Or rather, there are no reliable quick answers about bankruptcy.
Read More from: The Soap Box