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Insolvency Service “reframes” view of creditor – IPs can apply their discretion (UK)

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Fannie Mae’s 2020 earnings fall due to COVID-related credit expenses

While its net income declined annually for the second consecutive year, CEO Hugh Frater touted Fannie Mae’s resiliency in a record year for providing mortgage liquidity.

Fannie Mae’s 2020 earnings fall due to COVID-related credit expenses

While its net income declined annually for the second consecutive year, CEO Hugh Frater touted Fannie Mae’s resiliency in a record year for providing mortgage liquidity.

Fed details stress-test scenarios for 2021

Nineteen of the nation's largest banks must show how they'd withstand pressures in the commercial real estate and corporate debt markets that would accompany a severe global recession.

Certificates of Confiscation?

Certificates of Confiscation? In the aftermath of the Great Recession, governments have actively depressed bond yields and inflated bond prices. Unfortunately, most market manipulations ultimately meet a messy end. If and when this particular

Merger to expand Community Choice's foothold in western Michigan

A deal to merge with First General Credit Union in Norton Shores, Mich., will extend the Detroit-area institution's reach across the state.

Video: Thomas Wilson Mitchell, Property Law Scholar & 2020 MacArthur Fellow- Racial Bias and Impact of Intestacy and the Law of Partition

Commentary: The effects of that intestacy and the Law of Partition, which this video  by  Prof.  Thomas Wilson Mitchell   very clearly encapsulates, have,  particularly on People of Color,  is routinely an issue in consumer bankruptcy cases.  Too

HUD should put entry-level homebuyers first, not special interest groups

The reduction currently under consideration by the Biden Administration would lead to even faster home price appreciation, especially in areas with moderate FHA presence, American Enterprise Institute’s Housing Director of Research Tobias Peter says.

PayPal looks to stock trading, savings in push past checkout

PayPal Holdings Inc. is weighing a foray into stock trading and high-yield savings accounts as the firm pushes beyond its iconic checkout button.

Former SoFi CEO starting blank-check company to raise $250 million

Mike Cagney’s blockchain lending startup Figure Technologies plans to raise $250 million through a new blank-check company, according to an SEC filing.

Credit Suisse pays $600 million to settle U.S. mortgage case

The agreement with plaintiff MBIA Insurance resolves a lawsuit tied to the sale of mortgage-backed securities that plummeted in value during the 2008 financial crisis.

BNY Mellon to accept bitcoin; home price boom continues

The custodian said it will hold, transfer and issue cryptocurrencies on behalf of its asset management clients; some got caught up in the homebuying frenzy and now regret it.

Updated: Guide To Financial Support Measures Across Europe And The Middle East

Our latest updated guide setting out the financial support measures available to businesses across Europe and the Middle East is now available here. This updated guide includes changes from: UK; Czech Republic; France; Germany; and Saudi Arabia.

UPDATED Global Insolvency Report: Impact of Covid-19 on Insolvency Laws

Our guide sets out how different jurisdictions are changing their Insolvency Laws to help alleviate additional pressures placed on businesses as a consequence of cash flow pressures caused by COVID-19. This week’s updates include changes in Germany

Pensions Schemes Act – Why should UK insolvency practitioners be concerned?

The Pensions Schemes Act received Royal Assent yesterday (11 February). For those involved in restructuring it is important to be aware that the Act introduces new offences, carrying hefty fines and the possibility of imprisonment that apply to “any

NCUA’s next field of membership fight is already brewing

A plan to make expansion easier for credit unions is getting pushback not just from bankers, but also from the regulator's current chairman and a former board member.

Banks' latest green battle: Plastics pollution

Still under fire for financing oil-and-gas exploration, banks are now being criticized for bankrolling producers of the single-use bottles and wrappers that are piling up in landfills and waterways. How will they respond to the mounting pressure from

New Chapter 11 Filing – Cyprus Mines Corporation

On February 11, 2021, Cyprus Mines Corporation filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 21-10255). The company reports $10 to $50 million in assets and $1 to

New Chapter 11 Filing – Cyprus Mines Corporation

On February 11, 2021, Cyprus Mines Corporation filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 21-10255). The company reports $10 to $50 million in assets and $1 to

What Biden's infrastructure plan could mean for banks

Transportation and clean-energy upgrades could create significant new lending opportunities, but some observers fear the government will foot the bill through a special tax on banks and other financial firms.

Mastercard's buy-in a turning point for crypto payments

The global card brand is positioning itself to play a key role in the development of central bank digital currencies.