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

New Chapter 11 Filing – Blitman Saratoga, LLC

On November 6, 2020, Blitman Saratoga, LLC, the owner and builder of a residential single-home community in Saratoga Springs, NY named Beaver Pond Village, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the

New Chapter 11 Filing – Blitman Saratoga, LLC

On November 6, 2020, Blitman Saratoga, LLC, the owner and builder of a residential single-home community in Saratoga Springs, NY named Beaver Pond Village, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the

Listen, speak, act: One CEO's playbook for inclusive cultures

Banks must address the societal issues that resonate deeply with their customers and communities, says Regions Financial chief John Turner.

Trouble keeping up with cybersecurity pushes Ky. credit union to merge

Muhlenberg Community Hospital CU said in a notice to members it needed a merger partner in part because it did not have the resources to keep up with monitoring for "cybersecurity and terrorism activities."

UK Government Extends Furlough Scheme Until 31 March 2021

As you will have seen in recent announcements, the government is now: Extending the Coronavirus Job Retention Scheme (CJRS) until 31 March 2021. Postponing the Job Support Scheme (JSS), possibly indefinitely. Scrapping the Job Retention Bonus (JRB)

Organizers apply to form bank in eastern Virginia

Integrity Bank for Business is being pursued by a group with ties to Heritage Bankshares, which was sold in 2016.

Bankruptcy & Divorce : 5 Things to Consider in Deciding Which to File First

Bankruptcy & Divorce are two of life’s most difficult challenges. They often occur together as financial stress might lead to divorce and divorce itself might cause financial problems. As a result, you may be thinking about filing for both bankruptcy

Bankruptcy & Divorce : 5 Things to Consider in Deciding Which to File First

Bankruptcy & Divorce are two of life’s most difficult challenges. They often occur together as financial stress might lead to divorce and divorce itself might cause financial problems. As a result, you may be thinking about filing for both bankruptcy

Maine-Illinois credit union merger could foreshadow a trend

Infinity FCU sought out a merger partner after realizing that even at $338 million in assets it was too small to provide the technologies members wanted. It could be a harbinger of more deals among larger players.

Bankers talk around lending prospects, talk up need for stimulus

Executives from a half-dozen major financial institutions avoided detailed commercial lending forecasts and gave a mixed outlook on consumer credit at an industry conference. And they called on Washington to pass an aid package targeted at the most

CFPB grants safe harbor to Bank of America for small-dollar loans

The agency's "no-action" letter is intended to provide more regulatory certainty for the bank after it announced a short-term credit product available to checking account customers next year.

'We will continue to do our jobs,' Fed's Powell vows as election drags on

Asked about the political uncertainty surrounding the undecided presidential race, Federal Reserve Chair Jerome Powell said the central bank isn’t wavering from its duty “to support the economy during this difficult time.”

ABA names Pinder as new general counsel

Thomas Pinder held jobs at the Justice Department and FDIC before coming to the American Bankers Association in 2012.

Coronavirus surge in Upper Midwest has bankers on edge

The region now leads the nation in virus cases, and with winter lurking the fear is that the outbreak will only get worse.

Debit payments surge central to DOJ suit to stop Visa-Plaid deal

In its lawsuit against Visa, the Justice Department alleges the card network's $5.3 billion deal to buy Plaid is meant to neutralize a competitive threat — even though Visa and Plaid do not see themselves as competing with each other.

JPMorgan’s Erdoes lauds ‘more thinking time’ for at-home staff

“The asset management industry in particular has found it is quite productive to work from home,” says Mary Erdoes, who runs asset and wealth management at JPMorgan Chase.

Avanti got a bank charter. Here’s what's next on its agenda.

Founder Caitlin Long says the blockchain bank plans to issue a virtual currency and help hedge funds and family offices trade digital assets now that it has a special-purpose banking charter in Wyoming.

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 the UK, 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 Japan

Green Dot readies GO2bank to take on new generation of challengers

As challenger banks threaten Green Dot Corp.'s status among the underbanked, the prepaid card issuer is diving into their market by unveiling a challenger bank of its own.