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Upcoming Committee Formation Meeting:  Friday, August 17 10:00 AM

Case Name: 18-11975 (MFW)

Location:The Doubletree Hotel, 700 King Street, Wilmington, DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

1 week 2 days ago

Upcoming Committee Formation Meeting:  Friday, August 17 10:00 AM

Case Name: 18-11975 (MFW)

Location:The Doubletree Hotel, 700 King Street, Wilmington, DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

1 week 2 days ago

Just a quick post for now, as the court is keeping its opinion under seal for the time being. Crystallex, a creditor of Venezuela, has been trying to enforce its claims by attaching PDVSA's equity interest in PDV Holding, the ultimate U.S. parent of CITGO. For more background, there have been a number of posts already here on Credit Slips. The district judge overseeing the action in Delaware has just granted Crystallex's request.

Read More from: Credit Slips

1 week 2 days ago

Upcoming Committee Formation Meeting:  Thursday, August 16 10:00 AM

Case Name: 18-11818 (KJC)

Location: The Du Pont Hotel, 42 W. 11th Street, Wilmington, DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

1 week 2 days ago

Upcoming Committee Formation Meeting:  Thursday, August 16 10:00 AM

Case Name: 18-11818 (KJC)

Location: The Du Pont Hotel, 42 W. 11th Street, Wilmington, DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

1 week 2 days ago

Montana Sen. Jon Tester was among a handful of Democrats central to passing regulatory relief this spring. Bankers need to back his re-election regardless of party affiliation.

Read More from: BankThink

1 week 2 days ago

While Workers United will no longer own more than half of Amalgamated's stock, it will remain the bank's biggest investor.

Read More from: BankThink

1 week 2 days ago

A week after the Treasury Department laid out a plan for federal fintech regulation, it is already unclear which agency is leading the charge.

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1 week 2 days ago

A mortgage fraud scheme involving fake employment records, initially thought to be contained to Southern California, is occurring statewide, Fannie Mae said in a new fraud alert.

Read More from: BankThink

1 week 2 days ago

While the looming loan-loss accounting standard has been criticized for its complexity and the potential cost to implement, some advocates believe it could also lead to better pricing decisions and improve communication within a bank.

Read More from: BankThink

1 week 2 days ago

Sen. Brian Schatz, D-Hawaii, said it is hard to imagine how Wells Fargo's $8 million remediation plan would correct a mistake that led to 400 wrongful foreclosures.

Read More from: BankThink

1 week 2 days ago

The proposed Piermont Bank would be based in Midtown Manhattan. It is the second de novo being planned in New York.

Read More from: BankThink

1 week 2 days ago

Bci Miami is one of the first banks in the U.S. to publicly acknowledge using AI this way, when many still consider the technology to be new, risky and unsanctioned by regulators.

Read More from: BankThink

1 week 2 days ago

The Treasury Department and the Internal Revenue Service issued a proposal that would allow pass-through businesses like Subchapter S banks to deduct 20% of their business income as part of the new tax law President Trump signed last year.

Read More from: BankThink

1 week 2 days ago

The bank's $7 million over four years toward the initiative is its largest overseas philanthropic commitment.

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1 week 2 days ago

Huntington Bancshares Inc. will acquire the Chicago-based municipal shop Hutchinson, Shockey, Erley & Co. as both look to broaden their public finance reach.

Read More from: BankThink

1 week 2 days ago

Good old-fashioned commercial credit analysts are a dying breed, David Nicholson says. Community banks need them to stay competitive in C&I, but training courses have been cut back. So he’s on a mission to teach as many students as he can.

Read More from: BankThink

1 week 2 days ago

Readers opine on prospects for the midterm elections, respond to Facebook's forays into collecting bank data, weigh in on new overdraft legislation and more.

Read More from: BankThink

1 week 2 days ago

This feature originally appeared in the July 20th edition of the Pittsburgh Business Times. Q. What are the fiduciary duties of the board of directors for a company or organization? Advice: Board members have two primary duties, the duty of loyalty and the duty of care. If they exercise these duties properly, the will likely be shielded from liability for those decisions. The duty of loyalty imposes on the board an affirmative duty to protect the interests of the corporation, and also an obligation to refrain from conduct that would injure the corporation and its shareholders. Board members must avoid any conflict between the interests of the organization and self-interest. Undivided allegiance to the corporation’s best interest is required. In the event of conflict between these interests, disclosure is a best practice. The duty of care requires directors to make a business decision based on all available information and to act in an informed manner. Board members must believe that their actions promote the best interest of the company based on a reasonable investigation of the options available. They should take the time to review information, attend meetings and ask questions to make sound decisions. Kirk Burkley 412-456-8100 kburkley@bernsteinlaw.com

Read More from: Bernstein-Burkley, P.C.

1 week 3 days ago

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