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JPMorgan Chase is eliminating 400 positions in its mortgage banking unit, the latest lender to trim staff as a result of lower-than-expected demand in 2018.

Read More from: BankThink

1 week 4 days ago

Union Bankshares will gain 15 branches and $2 billion in loans in northern Virginia after it buys Access National.

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1 week 4 days ago

They are good at helping track savings, spending and debt, but they do not always provide consumers with a complete picture of their financial health.

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1 week 4 days ago

BNY Mellon snags tech exec from Bank of America as CTO; dissent spreads at CFPB over top aide's writings; Anne Finucane ready to lead BofA's European operations; and more from this week's most-read stories.

Read More from: BankThink

1 week 4 days ago

Understanding the bankruptcy process can be a daunting undertaking. However, if you break it down into manageable sections, it can be easier to understand. Keep reading the following sections to learn more about the bankruptcy process and how it applies to your individual situation: Bankruptcy Explained, Bankruptcy Types, Why Should You File Bankruptcy, When Should You File Bankruptcy, and Bankruptcy Costs.

The post Understanding Arizona Bankruptcy appeared first on Tucson Bankruptcy Attorney.

1 week 4 days ago

This feature originally appeared in the September 21st edition of the Pittsburgh Business Times. Q: I am considering forming a limited liability company but do not understand how the entity is governed. What are my options? Advice: There is remarkable flexibility associated with the governance alternatives for limited liability companies. The decision as to which alternative you select primarily depends upon who you want to have in control of the company. A limited liability company can be “member-managed” or “manager-managed”. The governance mechanisms of a limited liability company can be structured to provide a certain level of authority to a majority interest, but also require the unanimous consent of all members for more significant decisions. Similar limitations of authority can be imposed upon a manager. In forming the entity and deciding what governance structure will be followed, it is just as important to determine how an impasse will be resolved in the event of a deadlock (if the governance structure you select allows for the possibility of an impasse). Lastly, do not overlook what is required to change the governance structure at a later date. If you have any questions related to limited liability company governance, do not hesitate to contact Bernstein-Burkley. Kirk B. Burkley 412-456-8100 kburkley@bernsteinlaw.com  

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

1 week 4 days ago

Nick GajewskiWhile the process of filing and successfully completing a bankruptcy case can be difficult and complicated, it is usually fairly simple and straightforward to qualify for bankruptcy.  At Bond and Botes, Bankruptcy is our specialty.  So when I’m meeting a prospective client, I can usually determine what types of case a person is eligible for after a short conversation.  In consumer bankruptcy, a person can file for relief under either Chapter 7 or Chapter 13.  Assuming you’re eligible for both types of case, which should you file?

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

1 week 4 days ago

Glassbox, a digital customer management company based in London, allows banks like JPMorgan Chase and Bank of America to use data and analytics to study customers' behavior.

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1 week 4 days ago

The UBS executive discusses how a sudden, life-threatening illness changed her outlook on life and business.

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1 week 4 days ago

Cathy Bessant, chief operations and technology officer at Bank of America and American Banker's Most Powerful Woman in Banking, quoted Stevie Nicks in saying women can be both ladies and legends.

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1 week 4 days ago

At American Banker's annual Most Powerful Women in Banking gala on Thursday evening in New York, honorees urged the industry to promote more women and people of color.

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1 week 4 days ago

Mary Mack, the head of consumer banking at Wells Fargo, said Thursday the San Francisco bank has made significant progress in fixing its culture after a series of scandals over the past two years.

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1 week 4 days ago

The company is offering short-term installment loans to its clients’ customers; even institutions not accused of wrongdoing may pay a price.

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1 week 4 days ago

In this morning's email:

Moody's Investors Service downgraded its Probability of Default Rating (PDR) for American Tire Distributors, Inc. ... following the company's announcement that it had initiated Chapter 11 bankruptcy proceedings...

Read More from: Credit Slips

1 week 4 days ago

Mattress Firm, Inc., along with forty (40) affiliates and subsidiaries, has filed a petition for relief under chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-12241).  Mattress Firm’s petition estimates its assets and liabilities to both be between $1–$10 billion.  First Day Pleadings are still being filed.  According to a press release, the Debtors enter chapter 11 having negotiated a prepackaged plan of reorganization with their major stakeholders, pursuant to which the Debtors will close up to 700 stores nationwide.  A business plan posted publicly on the claims agent’s website provides additional details regarding the Debtors’ reorganization plan.  Epiq Bankruptcy Solutions is the proposed claims and noticing agent.  The cases have been assigned to the Honorable Brendan Linehan Shannon.

1 week 4 days ago

Mattress Firm, Inc., along with forty (40) affiliates and subsidiaries, has filed a petition for relief under chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-12241).  Mattress Firm’s petition estimates its assets and liabilities to both be between $1–$10 billion.  First Day Pleadings are still being filed.  According to a press release, the Debtors enter chapter 11 having negotiated a prepackaged plan of reorganization with their major stakeholders, pursuant to which the Debtors will close up to 700 stores nationwide.  A business plan posted publicly on the claims agent’s website provides additional details regarding the Debtors’ reorganization plan.  Epiq Bankruptcy Solutions is the proposed claims and noticing agent.  The cases have been assigned to the Honorable Brendan Linehan Shannon.

1 week 4 days ago

Square Inc. is offering loans to customers to pay for goods and services from merchants that use its payments platform, another move by the company to push deeper into financial services.

Read More from: BankThink

1 week 5 days ago

In seeking to make make ING the most digitally advanced lender in Europe, CEO Ralph Hamers' motto has been to "disrupt yourself before a competitor does it first." It's safe to say the tumult at the company during the last few weeks isn't what Hamers had in mind.

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1 week 5 days ago

The former banking lawyer, who went on to run major business lines at Merrill Lynch and UBS, will be honored Thursday at American Banker’s Most Powerful Women in Banking gala.

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1 week 5 days ago

Rising wages and savings rates resulted in a decline in past-due payments in the second quarter, the American Bankers Association said in its quarterly report on delinquency trends in consumer lending.

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1 week 5 days ago

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