Monthly Archive:: July 2018

by Nancy A. Bush We have decided that being a bank analyst in 2018 is roughly the equivalent of being Bill Murray in some financial services industry version of Groundhog Day. Every quarter, we wake up at the beginning of earnings season, dutifully record ...Read More

by William “Bill” C. Athanas and Andrew “Drew” A. Warth Lost among the flurry of recent media stories was a relatively quiet but vitally important pronouncement by the Department of Justice: a policy enabling companies to avoid criminal prosecution when violations were uncovered and ...Read More

by Gaines Brake and Jim Goyer, Maynard Cooper & Gale Authors’ note: This article provides an update to an article published in Vol. 2, No. 4 of Board Briefs, in which the authors discussed pending federal legislation for reporting by financial institutions of suspected ...Read More

by David Joffe, Bradley There are approximately 800 banks in the United States that sponsor an employee stock ownership plan (ESOP). Although some banks have ESOPs that own a significant portion of their common stock, most bank ESOPs are small, minority holders. Used in ...Read More

by Brian Fink The recent resolution of the PHH case is good news for banks that originate mortgages. The court vacated the CFPB’s $109 million fine for PHH’s alleged violations and provided helpful guidance regarding the permissibility of working with others—even if a referral ...Read More