WASHINGTON - (03/10/05) -- The Senate delayed a final vote onthe bankruptcy reform bill until Thursday while they debated onemore amendment that would prevent an investment adviser for acompany from representing the same company after it files forbankruptcy, because of potential conflicts of interest. Senateleaders were discussing last night whether the proposal would beacceptable to the House, which is expected to take up the bill soonafter the Senate passes it. The Senate is expected to vote finalpassage of the credit union-backed bill Thursday. Meantime, theRepublican-controlled Senate turned away five other amendments tothe bill Wednesday night, including one that would give moreprotection to single mothers filing for bankruptcy and another thatwould make it harder for wealthy debtors to protect expensive homesfrom creditors after filing.
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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
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Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
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