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Highland Associates has $26 billion in assets under management on behalf of not-for-profit medical endowments and foundations. Regions Financial is following the lead of other regionals, which have been scooping up investment firms that specialize in health care.

Read More from: BankThink

1 week 3 days ago

The Federal Housing Finance Agency has far more authority to upend the status quo than most realize, according to a new report.

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1 week 3 days ago

As credit unions buy up community banks, policymakers should take another look at ending the industry’s tax exemption and regulatory breaks.

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1 week 3 days ago

Digital Asset Holdings eyes blockchain for 'smart contracts'; readying for a marathon is like competing for a big client.

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1 week 3 days ago

Columbia plans to incorporate certain aspects of Stewardship Financial's charitable giving into its own foundation.

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1 week 3 days ago

The bank was accused of forcing borrowers to pay for insurance they did not need, pushing almost 250,000 of them into delinquency, according to a 2017 lawsuit.

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1 week 3 days ago

The North Dakota company agreed to buy the $90 million-asset Prairie Mountain Bank.

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1 week 3 days ago

Readers weigh potential risks in the leveraged loans market, debate Herb Sandler's legacy, consider the role the Fed should play in real-time payments and more.

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1 week 3 days ago

Options include legislation to study the risk of leveraged loans, more aggressive action by the Financial Stability Oversight Council and additional capital buffers. Policymakers may also choose to do nothing.

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1 week 3 days ago

For First Republic Bank in San Francisco, “the pain index is likely somewhere between excruciating and traumatic,” says one expert. But few realize how much the bank got for its money.

Read More from: BankThink

1 week 3 days ago

For First Republic Bank in San Francisco, “the pain index is likely somewhere between excruciating and traumatic,” says one expert. But few realize how much the bank got for its money.

Read More from: BankThink

1 week 3 days ago

The bank launched Finn in an effort to attract millennials. But there were problems with how it implemented the digital-only brand, experts said.

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1 week 3 days ago

After more than six years, the Fed is ending its order requiring greater risk controls at the bank, following an estimated $6 billion in trading losses in 2012 that stemmed from a single trader.

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1 week 3 days ago

The agency's vote Thursday threatens to block many of the industry's communications with customers, though banks did win one concession.

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1 week 3 days ago

The seven Democrats sought details on the Fed's response to allegations the bank suppressed suspicious activity reports on businesses tied to President Trump and Jared Kushner.

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1 week 4 days ago

Diverse economies and a limited number of sellers are making markets like Tampa, Fla., a hot spot for growth-minded banks.

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1 week 4 days ago

Provident Bancorp, one of the nation's oldest active banks, is setting the stage to become a fully stock-owned company.

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1 week 4 days ago

The North Carolina company will have two branches remaining in South Carolina after the sale closes.

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1 week 4 days ago

Boston-based Trio is openly offering its cash management account as capital at risk, offering big incentives if consumers agree to sign up for an uninsured account.

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1 week 4 days ago

  In a rare consumer bankruptcy case, the Supreme Court ruled on the standard for contempt for violation of the discharge injunction in Taggart v. Lorenzen, 2019 U.S. LEXIS 3890, Case #18-489 (3 June 2019).  Importantly, the case came on from an appeal of the decision of the 9th Circuit that a creditor's good faith belief that the discharge order does not apply the the creditor's claim would prevent a finding of contempt, a premise widely criticized by the legal community.  The Supreme Court rejected this conclusion, finding instead that courts may hold creditors in civil contempt for violation of the discharge injunction if there is no fair ground of doubt as to whether the order barred the creditor's conduct.

  The underlying case involved a chapter 7 filing by Taggert, who formerly had an ownership interest in a company (Sherwood) that was suing him for breaching an operating agreement.  After the chapter 7 discharge the state court entered judgment against Taggert in the prepetition lawsuit.  Sherwood then sought attorneys fees incurred after the bankruptcy was filed.  Under 9th Circuit law, a discharge order would normally discharge post-petition attorneys fees on prepetition litigation unless the debtor 'returned to the fray' after filing bankruptcy.  The state court, finding this condition met, awarded Sherwood $45,000 in attorneys fees.

Read More from: Tampa Bankruptcy

1 week 4 days ago

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