ABI Blog Exchange

The Texas Two-Step? Just Don't Go to the Dance

Suppose a company facing mass tort liability to U.S. citizens produced a piece of paper that read "Cook Islands Liability Extinguishment Corporation." The company then says to the tort victims, "We have formed this corporation under the law of the

The Texas Two-Step? Just Don't Go to the Dance

Suppose a company facing mass tort liability to U.S. citizens produced a piece of paper that read "Cook Islands Liability Extinguishment Corporation." The company then says to the tort victims, "We have formed this corporation under the law of the...

More states look to cap consumer interest rates at 36%

Goldman Sachs advances further into embedded finance with GM partnership

The nation's longest-tenured bank CEO will hand off job to son

EU seeks to block seven Russian banks from Swift, including VTB

Higher expenses pared bank profits: FDIC

Student-loan defaults risk snapping back to highs, Fed analysis shows

Huntington buying Capstone Partners to beef up in middle market

Scotiabank, BMO profits gain as businesses ramp up borrowing

Citi discloses $9.8 billion Russia exposure as West levels sanctions

Does A Subchapter V Trustee Have A Duty To “Monitor” Debtor’s Plan Compliance?

By: Donald L Swanson Question: Does a Subchapter V trustee have a duty to “monitor” debtor’s compliance with a confirmed plan? Answer: “No.” I’ll try to explain . . . and to add a suggestion on what Subchapter V trustees might do, instead. Consensual

Keeping the (light) Bulb on special energy administrations – an update on the Bulb special administration

In our previous blogs, we discussed the announcement that Bulb Energy Ltd (“ Bulb“) was placed into special administration and considered the reasons why special administration (as opposed to ordinary administration) was deemed necessary in Bulb’s

‘This is a tremendous community and it’s not getting services it needs’

Banks go all in on wealth management, but can they all succeed?

Banks must teach consumers how to use financial products wisely, CEO says

February 2022 Ponzi Scheme Roundup

Posted by Kathy Bazoian Phelps Below is a summary of the activity reported for February 2022. The reported stories reflect at least 5 new Ponzi schemes worldwide, 3 guilty pleas, nearly 54 years of prison sentences, and an average age of

TD's ambitious timetable for closing First Horizon deal raises eyebrows

Another Georgia credit union buying rival community bank

Zip buying Sezzle as pressures on BNPL fintechs mount