Upcoming Committee Formation Meeting: Tuesday, June 5, 2018 11:00 AM
Case Name: 18-11333 (CSS)
Location:Sheraton Suites, 422 Delaware Avenue, Wilmington, DE 19801
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Institutions that have been opening consumer accounts without consent need to prepare for the fallout, even if the OCC has said it won't name names.
The firms were initially slated to be included in a newly merged trade association, but they were blocked after some executives objected to adding more Wall Street banks.
In a new initiative announced Friday, Bank of America said that it will work with several nonprofits to source a pipeline of local talent in its markets.
Months after a group of Democrats helped propel Dodd-Frank reforms forward, the opposition party’s identity crisis on banking policy is still on full display.
Facebook, Apple, Amazon, Netflix and Google garner so much attention that they have their own collective shorthand, FAANG. But it was a mostly different set of companies, including Starbucks and Acorns, that were top of mind this week for their financial services moves.
Developing technology in-house and then licensing it is one way a small bank can build a reputation as an innovator.
The London company unveiled FusionFabric.cloud at Money 20/20 Europe this week.
When asked if other banks were being sued, USAA said the lawsuit names only Wells Fargo because the bank is one of the biggest adopters of remote mobile deposit capture and has failed to license the technology.
The acting director cited the size of advisory boards and some members’ reticence among reasons for his decision.
The OCC finds that Wells Fargo was not alone in its sales abuse practices (though it's not naming names); Fifth Third's Tim Spence is our Digital Banker of the Year; the CFPB acting director wipes out the agency's Consumer Advisory Board; and more from this week's most-read stories.
Robert Broeksmit has a tough act to follow succeeding David Stevens, the CEO revered for navigating the Mortgage Bankers Association through one of its most tumultuous eras on record. But in doing so, Broeksmit has a distinct advantage over many of his predecessors: inheriting an organization on the upswing.
In a break with his own Justice Department, President Trump suggested Friday he would sign a bill co-authored by Sen. Elizabeth Warren to protect financial institutions that help legal marijuana businesses.
Royal Bank of Canada fired its U.S. investment banking chief Blair Fleming because he failed to disclose that he was having an improper relationship with an employee.
The Dallas auto lender might lose as much as one-third of its business if it severs ties with the automaker, raising fresh questions about whether its parent company will buy out shareholders and take full ownership.
Nothing gets someone into a bankruptcy lawyer’s office quicker than the prospect of losing a lawsuit and having a judgment entered against them.
Callers are frantic to see if they can file bankruptcy before judgment is entered.
They worry that once a judgment is entered, their options in bankruptcy vanish.
The debt underlying a California judgment remains just as dischargeable as it was before the case was filed.
And, a judgment in California does not automatically become a lien on the defendant’s property.
Read More from: The Soap Box
In Momentive Performance Materials, the Second Circuit declined to dismiss as equitably moot the appeals of certain noteholders. The decision highlights that successfully invoking the doctrine of equitable mootness may be difficult under prevailing case law where plan confirmation issues have been diligently appealed by parties in interest, even when a bankruptcy court has confirmed a complex plan of reorganization and the plan has gone effective.
For context, Momentive Performance Material’s (“MPM”) capital structure included the following debt issuances:
Read More from: Business Finance & Restructuring News - Weil