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6 Dec 2017, 6:07 am
When the covenants get tripped, banks rarely actually accelerate the debt. [read post]
6 Nov 2017, 1:44 pm by Kenneth Vercammen Esq. Edison
This may include, for example, sums deposited into bank accounts in their joint names and stock and bond portfolios, certificates of deposit, and money market funds in their joint names.Title to any and all savings accounts, certificates of deposit, money market certificates, cash reserve accounts, money management accounts, stocks, bonds, savings plans, securities, or any other funds or assets of the same or a similar nature (other than joint checking accounts) acquired jointly by both of… [read post]
17 Sep 2017, 7:30 pm by Wolfgang Demino
  First Marblehead will announce the discounted present value of its additional structural advisory fees and residual revenue related to the securitization at approximately the time of closing.The loans to be securitized in the transactions were originated by several different banks under various loan programs that were structured with the assistance of First Marblehead. [read post]
He was then asked to manage the $21-billion sale of LaSalle to Bank of America and the $93-billion sale of ABN to Royal Bank of Scotland and two other banks, as executive lead of the ABN North America Transition Leadership Team. [read post]
27 Jul 2017, 12:51 pm by Rebecca Tushnet
  The claim for breach of the implied covenant of good faith and fair dealing was dismissed as redundant. [read post]
13 Jul 2017, 2:32 pm by Daniel Wasserstein
561-288-3999 danw@wassersteinpa.com 2017 LEGISLATIVE UPDATE This shall serve as Wasserstein, P.A. [read post]
30 Jun 2017, 6:01 am
Sloan, Simpson, Thacher & Bartlett LLP, on Friday, June 23, 2017 Tags: Banks, Capital requirements, CFPB, CHOICE Act, Financial institutions, Financial regulation, Foreign banks, Liquidity, Mortgage lending, Securities regulation, Stress tests, Systemic risk, Treasury Department, Volcker Rule A Modest Proposal? [read post]
28 Jun 2017, 3:00 am by John Jenkins
  This resulted in a hit to cash flow, and came at a time when the company was also struggling to comply with its debt covenants. [read post]
23 Jun 2017, 2:29 pm by Lax & Neville LLP
The Financial Industry Regulatory Authority (“FINRA”) fined and suspended Wells Fargo broker Eli Ungar (“Ungar”) for allegedly poaching client data from his former employer the Hong Kong and Shanghai Banking Corporation (“HSBC”). [read post]
23 Jun 2017, 4:13 am by Jon Hyman
 — via Fistful of Talent Is The Stipulated Irreparable Harm Clause In Your Covenant Not To Compete Worth The Paper It Is Written On? [read post]
23 Jun 2017, 4:13 am by Jon Hyman
 — via Fistful of Talent Is The Stipulated Irreparable Harm Clause In Your Covenant Not To Compete Worth The Paper It Is Written On? [read post]
21 Jun 2017, 5:05 pm by Kevin LaCroix
  Background John Reid founded and was Chairman and CEO of Capitol Bancorp, which owned community banks in seventeen states. [read post]
21 Jun 2017, 5:05 pm by Kevin LaCroix
  Background John Reid founded and was Chairman and CEO of Capitol Bancorp, which owned community banks in seventeen states. [read post]