Skip to main content
Help Center
banner

ABI Blog Exchange

article-exchange

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

Read Article

Supreme Court Rules That Passive Retention Does Not Violate Stay

The Supreme Court decided that a creditor which passively retains possession of estate property does not "exercise control" over such property in violation of 11 U.S.C. Sec. 362(a)(3). The Court viewed the word "exercise" to require active measures

Truist’s marketing pact with NFL has social justice hook

A sponsorship deal between the regional bank and the league will emphasize economic empowerment and financial education. It's a good example of how corporations increasingly seek to associate their brands with a cause or purpose, experts say.

First Republic profits jump 20% on surging mortgage demand

Loan originations hit a record $16.7 billion in the fourth quarter, though executives caution that a recent rise in mortgage rates could slow refinancing activity.

World Council of Credit Unions CEO Brian Branch retiring in July

Branch has been with WOCCU for 31 years, the last 10 of them spent as CEO.

Inclusiv launches $20M capital fund to benefit communities of color

The project will deploy $20 million as secondary capital to expand economic relief and financial inclusion, and follows a $1 million project last summer aimed at helping low-income consumers in Rust Belt cities.

Full employment not expected until 2024: Bank economists

A slower-than-expected rollout of the COVID-19 vaccines and the threat of social unrest after the Jan. 6 riot at the U.S. Capitol could threaten the recovery, according to an American Bankers Association panel.

Essex Savings in Connecticut lines up next CEO

Diane Arnold, who will succeed the retiring Gregory Shook in July, has been with the bank since 2002. She is currently the chief lending officer.

Episode 100 – Next Lawyer Up with Ron Sykstus featuring Ben Meiselas

For this 100th episode of the Next Lawyer Up podcast, I was fortunate to have attorney Ben Meiselas from Los Angeles join me. What I discovered on this podcast is that Ben has done a lot of notable work in our country in a very short period of time

Diversified Credit Union members to vote on Spire merger

The deal is a sign of further consolidation among Twin Cities-area credit unions, following another combination announced in May.

OCC finalizes rule punishing banks that cut service to certain sectors

The Office of the Comptroller of the Currency finalized a rulemaking Thursday morning opposed by the industry that forces the largest banks to provide services to gun businesses and other sectors to which banks have curtailed lending.

New Chapter 11 Filing – Christopher & Banks

On January 13, 2021, Christopher & Banks, Inc., a Minnesota-based specialty retailer for women who value quality, affordable stylish apparel, accessories and exceptional service, filed a petition for relief under Chapter 11 of the Bankruptcy Code in

New Chapter 11 Filing – Christopher & Banks

On January 13, 2021, Christopher & Banks, Inc., a Minnesota-based specialty retailer for women who value quality, affordable stylish apparel, accessories and exceptional service, filed a petition for relief under Chapter 11 of the Bankruptcy Code in

Goldman Sachs inches closer to offering Marcus checking accounts

Goldman Sachs will work with the digital-payments upstart Marqeta on offering checking accounts for Main Street consumers.

First Community Bank of Tennessee buying mortgage lender

The bank agreed to acquire A Mortgage Boutique, which operates in six states.

Upgrade launches mobile banking and debit card with 2% cash back

The online lender founded by Renaud Laplanche is now a full-fledged challenger bank that can offer generous checking terms because, it says, it can count on its loans for profits.

Subchapter V Trustee Should Not Be A Debtor’s Disbursing Agent

By: Donald L Swanson Question: Should a Subchapter V trustee be receiving and disbursing the debtor’s payments to creditors? Answer: No—absent highly unusual circumstances. Rationale Here are the reasons for the negative answer. –First A Subchapter V

Jane Fraser’s first move at Citi; PPP's second round ready to launch

The bank is combining its wealth management units to serve both the ultrarich and the less affluent; the small business loan program will open to all borrowers on Tuesday.

Citi reorganizes wealth management units under one umbrella

The new global wealth division, which is being formed by combining the firm’s private bank with a unit that serves substantially less wealthy households, will be led by Citi veteran Jim O’Donnell.

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

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 includes changes from: UAE; Saudi Arabia; Germany; UK; Italy; Czech