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The Federal Reserve and the Treasury Department released a set of FAQ's aimed to clearing up misconceptions about the Main Street Lending program and encouraging more bank participation.

Read More from: BankThink

1 week 3 days ago

The competition has leading-edge technology, but consumers may be looking for more than just bells and whistles when choosing where to do their banking.

Read More from: BankThink

1 week 3 days ago

Citigroup is embarking on hiring 6,000 young people in Asia over the next three years in an effort to help cushion the region from a blowout in youth unemployment.

Read More from: BankThink

1 week 3 days ago

Attorney Rafi Stern has packed in a lot of work and experience in the relatively short time since his law school graduation.  A product of New York City, Rafi has found his passion in the form of non-profit legal work.  He is currently a legal fellow with the Lawyers Alliance for New York.  Ivy league educated with his undergraduate degree from Brown University and his law degree from Cornell Law School, Rafi worked for the large law firm of

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

1 week 3 days ago

The San Diego bank first considered finding a buyer two years ago and had offers in early 2019. The price of the deal it finally reached in the throes of the pandemic was much lower than some earlier offers.

Read More from: BankThink

1 week 3 days ago

Bank of America Chief Executive Brian Moynihan called for another round of federal stimulus to help the U.S. reach a full economic recovery from the coronavirus pandemic.

Read More from: BankThink

1 week 3 days ago

Weil has won two awards at the IFLR1000’s inaugural United States Awards. The awards recognize “the most innovative U.S. deals and the best-performing law firms and lawyers across the states in 2019.” Co-Chair of Weil’s Business Finance & Restructuring Department Ray C. Schrock, P.C. has been named “Lawyer of the Year: Restructuring and Insolvency.” His recent accomplishments include

1 week 3 days ago

After two years of helping banks connect globally to domestic faster payments rails, Swift is planning to expand on that concept.

Read More from: BankThink

1 week 3 days ago

Vanguard announced the publishing of its Investment Stewardship 2020 Annual Report.  The report shares the highlights of the asset manager’s engagements with its portfolio companies, observations and voting statistics relating to the 12-month period ended June 30, 2020. The firm’s key focus areas are primarily climate change and diversity.

Vanguard believes environmental, social and governmental (ESG) matters came into sharper focus during the 2020 proxy season because of certain events and circumstances, including the COVID-19 pandemic, economic uncertainty, escalating climate risks and historic social justice movements. Vanguard wants to know how boards plan to preserve long-term relevance.

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1 week 3 days ago

Sounds like a lot, but the student loan debt erasure seems to apply to only 35,000

Student Loans Forgiven?

Which Student Loans In Settlement?

former ITT students.

A new settlement related to the now-defunct for-profit school ITT Technical Institute would erase $330 million in privately-held student loan debt owed by around 35,000 former ITT students.

The nationwide settlement, announced on Tuesday by the Consumer Financial Protection Bureau (CFPB) and state attorneys general from 47 states and the District of Columbia, hopes to erase debt owed by former ITT students to a Deutsche Bank-funded program called “PEAKS Trust.”

Read More from: Discharge Student Loan

1 week 3 days ago

The future of Fannie Mae and Freddie Mac, the Fed’s supervisory regime for the biggest financial institutions, reform of the Community Reinvestment Act and a host of other industry-related issues are on the ballot this November.

Read More from: BankThink

1 week 3 days ago

The agency has scheduled an extra assessment of institutions' strength to incorporate more recent economic data during the pandemic.

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1 week 3 days ago

A historic influx of deposits has brought the National Credit Union Share Insurance Fund’s equity ratio close to the point where premiums would be required, but the regulator’s plan is intended to boost it.

Read More from: BankThink

1 week 3 days ago

Banks reported decent loan growth in the spring and early summer as businesses rushed to draw down credit lines and tap the Paycheck Protection Program. But demand has been muted since, and bankers can only guess when it will pick back up.

Read More from: BankThink

1 week 4 days ago

Small and midsize banks would pay for access to the Monit app and offer it to small-business clients as an add-on service.

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1 week 4 days ago

In this blog we examine the economic impact of Covid-19 on the Italian economy, through an analysis of economic data relating to the lockdown period from February to May 2020, an assessment of the impact of the Italian government’s measures, and a view on what the future might look like for the Italian economy.

Read More from: eSQUIRE Global Crossings

1 week 4 days ago

On September 16, 2020, Kettner Investments, LLC based out of Santee, California, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case 20-12366).  The company reports $10 million to $50 million in both assets and liabilities.  A link to Kettner Investments, LLC Chapter 11 petition can be found here.

Cole Schotz does not represent the Debtors in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, New Jersey, New York, and Texas.

1 week 4 days ago

On September 16, 2020, Kettner Investments, LLC based out of Santee, California, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case 20-12366).  The company reports $10 million to $50 million in both assets and liabilities.  A link to Kettner Investments, LLC Chapter 11 petition can be found here.

Cole Schotz does not represent the Debtors in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, New Jersey, New York, and Texas.

1 week 4 days ago

The Federal Reserve Board will discuss an advance notice of proposed rulemaking on the Community Reinvestment Act at an open meeting. The central bank had previously declined to support an OCC rule overhauling the 1977 law.

Read More from: BankThink

1 week 4 days ago

The Baltimore institution said it would close on Nov. 3 with the intention that employees use the paid time off to participate in the democratic process.

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1 week 4 days ago

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