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Some Creditors Reportedly Oppose AMC Deal To Avoid Bankruptcy

PYMNTS

Under the terms of the proposal, the 100-year-old Kansas-based company would allow Silver Lake Group LLC, the Menlo Park, California private equity company, to provide $200 million of new money while subordinated bondholders exchange their securities at a discount for new second-lien notes, the news service reported. Ares Management Corp.

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New Unemployment Claims Down 48K To 709K

PYMNTS

31 were in Illinois (+20,377), Kentucky (+3,868), Pennsylvania (+3,768), Ohio (+3,766) and Kansas (+2,711), while the largest decreases were in Massachusetts (-8,470), Georgia (-6,442), New York (-5,883), Michigan (-3,067) and New Jersey (-2,500). The highest insured unemployment rates in the week ending Oct. and Alaska (6.1).

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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). a financial services holding company based in Kansas City, Missouri. In March, Brex opened its first international office , a technology hub in Vancouver, Canada.

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How to Measure Interest Rate Risk Effectively in Banks & Credit Unions

Abrigo

Would you like other articles on asset/liability management in your inbox? Takeaway 1 Regulators stress sound risk management practices that include the ability to identify and measure interest rate risk (IRR). The emphasis on effective systems and tools to measure interest rate risk is especially critical in the current environment.

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Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

Economy , supervisory and risk specialists from the Federal Reserve of Kansas outline top challenges and opportunities regarding the future of community banking. One key area that can be both an obstacle and an opportunity for community banks is technology, the Federal Reserve Bank of Kansas City says. Lending & Credit Risk.

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Where Insurers Are Investing In Digital Wealth Management

CB Insights

The walls between the worlds of insurance and wealth management are coming down. Find out how Betterment, Wealthfront, Stash, and Acorns are taking on the $70T asset management industry. Earlier investments by insurers in the space include Betterment (Northwestern Mutual) and Personal Capital (USAA). First Name.

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Health Care Companies Data At Risk Of Being Compromised

PYMNTS

John Huff, director of the Missouri Department of Insurance, said in a statement in the report that information on 411,786 members of Blue Cross Blue Shield of Kansas City was potentially taken. He encouraged customers to monitor their banking accounts and other financial accounts.