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

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Can bankers really make the world a better place?

In his new book, the Princeton lecturer and financier J.C. de Swaan contemplates what it means to be virtuous in a financial system that prioritizes profits and shareholder returns.

New Chapter 11 Filing – Blue Spruce Corporation

On February 9, 2021, Blue Spruce Corporation, along with affiliated companies, filed a petition for relief under Subchapter V of Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 21-10255). The

New Chapter 11 Filing – Blue Spruce Corporation

On February 9, 2021, Blue Spruce Corporation, along with affiliated companies, filed a petition for relief under Subchapter V of Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 21-10255). The

American Heritage Credit Union to serve as COVID testing site

The Philadelphia-based institution will host free coronavirus screenings for the public this month as part of a partnership with the Greater Bustleton Civic League.

Accelerated Rehabilitative Disposition (ARD) and the Chichkin Case

Accelerated Rehabilitative Disposition in Pennsylvania (hereafter referred to as ARD) is a Pennsylvania Statute that is encoded at Title 75 Section 1552. ARD is a minimally reporting probation, that varies from county to county in terms of the

Tesla move unlikely to lift bitcoin payments; Dimon leads White House visit

High usage fees and the cryptocurrency’s volatility make it unlikely it will become a widespread payments method; the JPMorgan Chase CEO was the only bank executive at the meeting.

Is the NRA Board Shooting Itself in the Foot By Doing Nothing?

In my previous blog post on the NRA bankruptcy, I was focused on the bankruptcy implications of the incredible examiner motion filed by an NRA board member against the NRA. But as I think about it more, it's also got some important corporate

Why banks are rewarding customers for exercising

Discovery Bank in South Africa and other overseas financial companies say healthier customers are more profitable. They are giving reward points, gym subsidies and even free Apple Watches to those who meet fitness goals.

ATTORNEY REVIEWS – Diane is the most knowledgeable and committed bankruptcy attorney I know – and I know a few!

“Diane is the most knowledgeable and committed bankruptcy attorney I know – and I know a few!” Theo Mathews Diane Drain was my bankruptcy professor in law school. I now practice bankruptcy. Diane is the most knowledgeable and committed bankruptcy

FHFA will allow borrowers to prolong forbearance plans

Homeowners still deferring payments on federally backed loans as of Feb. 28 will be permitted to request an additional three months of relief.

Fed’s aid program for midsize businesses spent only 3% of its total

The Federal Reserve’s Main Street Lending Program, which was designed to provide emergency support to midsize U.S. companies during the pandemic, lent out a total $17.5 billion — or just 3% of its potential capacity — according to data released

Berkshire Hills draws investor's ire for hiring CEO instead of pursuing sale

HoldCo Asset Management wrote in a letter to the Boston company's chairman that it also wants the board to consider share repurchases to improve shareholder value.

Clair teams with Mastercard to expand earned wage access

Mastercard and MetaBank are helping the earned wage access provider Clair overhaul its technology platform and service offering.

Portland’s Legacy FCU, Consolidated Community to merge

The combined institution will hold assets of more than $335 million and serve over 20,000 members across eight counties in Oregon.

MUFG's Kevin Cronin promoted to CEO of Union Bank

Previously head of corporate and investment banking in the Americas, Cronin will replace Stephen Cummings as president and CEO of Mitsubishi UFJ Financial Group's U.S. holding company, as well as its San Francisco-based bank.

Will competition for C&I loans lead to looser underwriting?

Banks and nonbanks are expected to vie for more commercial business this year, and nonbanks already have signaled a willingness to ease lending standards in order to win business.

Wells Fargo decides to keep its private-label credit card unit

Wells Fargo is opting to keep its private-label credit card unit after reaching out to potential buyers last year, according to a person with knowledge of the matter.

E-commerce scammers branch out

Fraudsters have increasingly targeted financial services, online dating sites and social media since the end of the holiday season.

CEO of Chessie Federal Credit Union retires

Richard Daugherty stepped down after more than three decades at the Maryland-based institution, including overseeing four mergers and asset growth of nearly 500%.

Judge Vaughan denies request for equitable lien on debtor's homestead based on alleged fraudulent transfers

In an analysis of the Florida exemption laws and exceptions to such laws, Judge Vaughan dismissed adversary proceedings against two debtors (a husband and spouse) in separate bankruptcy cases. Roberts v. Hopkins (In re Hopkins), 2021 Bankr. LEXIS 260