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

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Largest state-chartered credit union in Mass. to grow via merger

Members of tiny Gloucester Municipal CU are set to vote early next year on whether to join Metro Credit Union.

How banks use tech to monitor health of small-business clients

Webster Bank and Customers Bank are among the lenders that have turned to alternative data sources and automated loan reviews to assess business customers' ability to weather the coronavirus pandemic.

Glass Lewis Makes Key Changes to Proxy Voting and ESG Proposal Guidelines – Full Summary

On November 24, 2020, Glass Lewis (GL) released its 2021 Proxy Voting Policy Guidelines for the United States and its 2021 “ Environmental, Social and Governance (‘ESG’) Initiatives,” which outlines the firm’s approach to ESG shareholder proposals

Waller confirmed for Fed with Shelton’s nomination still in limbo

Senators voted 48-47 to put Christopher Waller on the Federal Reserve Board, concluding a confirmation process that had been dragged out for months because of controversy surrounding a separate nomination for Judy Shelton.

Why Are Large Chapter 11 Cases Dismissed, Leaving Small Creditors Out of Luck? Judge Bonapfel Explains.

“It has been said that, in many bankruptcy cases, there are no good alternatives, only less bad ones. As financial realities in this case took hold, it became clear that, for most creditors, including the objectors, there were not even “less bad”

Capital One loses its CFO, announces a new one

With R. Scott Blackley planning to leave for a role at a health-insurance startup, the credit card giant is promoting longtime executive Andrew Young.

New Chapter 11 Filing – Lighthouse Resources Inc.

On December 3, 2020, Lighthouse Resources Inc. and substantially all of its direct and indirect subsidiaries, which operates thermal coal mines in and around the Powder River Basin located in Montana and Wyoming and operates ports in Washington to

New Chapter 11 Filing – Lighthouse Resources Inc.

On December 3, 2020, Lighthouse Resources Inc. and substantially all of its direct and indirect subsidiaries, which operates thermal coal mines in and around the Powder River Basin located in Montana and Wyoming and operates ports in Washington to

New Chapter 11 Filing – White Stallion Energy, LLC

On December 2, 2020, White Stallion Energy, LLC, an Evansville, Ind.-based coal mining company, along with 18 affiliated debtors filed petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware

New Chapter 11 Filing – White Stallion Energy, LLC

On December 2, 2020, White Stallion Energy, LLC, an Evansville, Ind.-based coal mining company, along with 18 affiliated debtors filed petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware

What Are Owners Of A Closely-Held Business To Do, When Subchapter V Is Not Available?

By: Donald L Swanson It happens. There are businesses in financial stress who, for a variety of reasons, can’t qualify for Subchapter V. Owners want to save the business, but Subchapter V is not available. Reasons why Subchapter V might be

What to expect when you’re expecting divided government

President-elect Joe Biden will likely have to contend with a Republican-controlled Senate. That could have important implications for his approach to financial services policy.

A fintech’s novel bank charter application draws industry’s ire

Figure Technologies would only accept uninsured deposits, so it would not be subject to Fed or FDIC oversight. A major concern for banks is that the effort could open the door to incursions by bigger tech companies.

Panel: Gordian Group President Peter Kaufman Participates in Mergermarket Energy M&A Forum 2020

Mergermarket Energy M&A Forum 2020 | Oil & Gas Consolidation Panel Join Peter S. Kaufman and other professionals in the Oil & Gas arena at Mergermarket’s Energy M&A , December 3 at 4:15pm ET. Oil & Gas consolidation Panel It is a truth universally

Berkshire Hills shedding fifth of its branches

The Massachusetts company, which had a big second-quarter loss after writing down the goodwill tied to past acquisitions, will sell eight locations to Investors Bancorp and shutter another 16 offices.

Alerus in North Dakota to buy retirement services firm

The company agreed to acquire a Colorado plan provider that operates as RPS Plan Administration and 24HourFlex.

The Dangers of Becoming Involved in Multi-Level-Marketing with Lillian Lalo

“Hey, friend! Do you want to earn extra income from your phone? I would love for you to join my team!” If that kind of message finds its way into your private messages on social media sites, you are not alone. With many families experiencing

NCUA budget divides board members over crisis preparations

Board member Todd Harper was concerned that the credit union regulator was not adequately preparing for the impact of prolonged economic turmoil and could be caught "flat-footed" as it was heading into the last crisis.

Caution for UK lenders: failure to abide by deed of priority may result in appointment of administrators being void

The case of Arlington Infrastructure Ltd (In Administration) v Woolrych [2020] EWHC 3123 (Ch) is a cautionary reminder to qualifying floating charge holders (and their advisors) to review the terms of all security documents, before seeking to appoint

Synovus to take swing at timber business

The Georgia lender has hired bankers away from Wells Fargo to build a new ag lending team that will look to capitalize on soaring lumber demand in its home state.