Commercial Bankruptcy: Selected 2015 Cases Of Interest To Banking And Finance

Overview: While bankruptcy filings have been down this past year, the number of decisions of interest for the banking and finance industries continues to remain steady. Hot topics decided continue to relate to bankruptcy court jurisdiction, safe harbors, make-whole premiums, customer status under SIPA and interest calculation. Many of the… Read more“Commercial Bankruptcy: Selected 2015 Cases Of Interest To Banking And Finance”

Huntington Bancshares Incorporated (HBAN) Receives BBB+ Credit Rating

Huntington Bancshares Incorporated (NASDAQ:HBAN) is a diversified regional bank holding company. The Company operates through its subsidiary, The Huntington National Bank (the Bank). It provides commercial, small business, consumer and mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and… Read more“Huntington Bancshares Incorporated (HBAN) Receives BBB+ Credit Rating”

Moody’s takes actions on Bayview’s small business ABS

Approximately $1.3 billion of asset-backed securities affected New York, January 14, 2016 — Moodys Investors Service has upgraded the ratings on twelve tranches from five transactions, and downgraded the ratings on fifty-three tranches from fifteen transactions of small business loans issued by Bayview Commercial Asset Trusts and Bayview Commercial Mortgage… Read more“Moody’s takes actions on Bayview’s small business ABS”

After Restricting Payday Lenders, Metro Rushes To Limit New ‘Flex Loan’ Shops

The company’s attorney, Peter Curry, says there’s no legal ground to block them. He said Metro’s distance requirement is “probably illegal,” but that isn’t the crux of his argument. He says the key point is that the proposed business is regulated under a different state statute than payday loans, check… Read more“After Restricting Payday Lenders, Metro Rushes To Limit New ‘Flex Loan’ Shops”