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Baystate Health CEO Peter Banko wrote book on firing people. He has lots of practice.
Baystate has cut nearly 400 jobs in past two years.
Behind the scenes, powering communities: How FHLBank Chicago keeps local lending moving
In this Crain’s Quick Take, Andrea Walker-Leidy sits down with Michael Ericson, President and CEO of Federal Home Loan Bank of Chicago, to unpack the often-overlooked system that helps local financial institutions continue lending through all economic conditions.
Star-Studded Puck Drop for Women in Sports Night
Olympian Kacey Bellamy, actress Marguerite Moreau, Kim Davis of the NHL and Olympian Courtney Kennedy took part in the ceremonial puck drop for Women in Sports Night presented by Columbia Bank
Women in Sports | Panel & Networking Event
To Celebrate Women in Sports Night, the Buffalo Sabres, Niagara University & UBMD Orthopedics partnered to host a panel & networking Event at KeyBank Center on March 8, 2026.
Texas Tech University System pausing all business travel to Middle East
Due to the current situation in the Middle East and the current security alerts issued by the U.S. Department of State, the Texas Tech University System is temporarily pausing all business travel to Bahrain, Israel, the West Bank, and Gaza, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE, effective immediately.
Israeli settler fatally shoots Palestinian man in West Bank, health ministry says
An Israeli settler shot dead a 27-year-old Palestinian man in the occupied West Bank on Saturday, the Palestinian Health Ministry said.
No AI Plan, No Loan. Small Business Lenders Force Main Street To Face The Future
Banks are starting to factor artificial intelligence into small business loans, asking borrowers how AI could disrupt their industry over the life of a 10-year loan.
SoftBank seeks up to $40 billion loan to finance OpenAI investment, Bloomberg News reports
SoftBank is seeking a loan of up to $40 billion, primarily to finance its investment in ChatGPT-maker OpenAI, a Bloomberg News reporter said in an X post on Friday.
Wall Street's young bankers roasted over glossy spread
Demarre Johnson is one of four Wall Street juniors profiled in a now-viral, meme-ified article. He knew that "controversy sells."
Tsunami Sushi owners file for bankruptcy, pledge to keep restaurants open
The company is pledging to remain open through the process.
BCI retinal implant medtech Science closes major $230M series C round
Science has added a whole lot more cash to the bank, bringing in an impressive $230 million in its latest raise. | Science has added a whole lot more cash to the bank, bringing in an impressive $230 million in its latest raise.
Tesla robotaxis: 5 numbers, stats that will define the EV-maker's business
New research from Bank of America says robotaxis now account for more than half the company's valuation.
White House formally nominates Kevin Warsh to be next Federal Reserve chair
Warsh's nomination, which was initially announced Jan. 30, was forwarded to the Senate Wednesday, where it will be taken up by the Senate Banking Committee.
Morgan Stanley to Cut 3% of Workforce Across All Business Lines
Morgan Stanley is cutting about 3% of its workforce, with the global cull impacting employees in its investment banking and trading businesses, as well as its wealth and asset management operations.
North Star Health Alliance makes payroll without state help amid bankruptcy
North Star Health Alliance will make payroll this Friday without assistance from the state.
Morgan Stanley to Cut 3% of Workforce Across All Business Lines
Morgan Stanley is cutting about 3% of its workforce, with the global cull impacting employees in its investment banking and trading businesses, as well as its wealth and asset management operations.
Deal talk heats up at McDermott health care conference
Bankers are conducting fireside chats in droves, and more management teams are in attendance this year.
KeyBank CIO Amy Brady steps down to “focus on her health and wellbeing”
KeyCorp attributed the move to “personal health considerations,” with no additional details currently available to the public.
Mexican Billionaire Builds Next Banking Bet After Citi Deal
After reaching a $2.3 billion deal to buy a stake in Banamex, Fernando Chico Pardo plots out the path for the Mexican banking business.
Banks' 31 lead UMass over Ohio 94-82
AMHERST, Mass. (AP) Marcus Banks' 31 points led UMass past Ohio 94-82 on Tuesday.
Brenda Alexander has the latest in entertainment headlines
Actor Eric Dane's cause of death has been released, and Pinky Cole has filed for bankruptcy.
Private credit jitters hit Blackstone's BCRED
The retail investor-oriented fund saw $1.7 billion in net outflows amid growing concern over the non-bank lending sector.
Judging Business Judgment: The Federal Common Law of Bankruptcy Transactions in Chapter 11
By Dolan Bortner (Stanford Law School) When a federal judge encounters a statutory gap too wide to fill through ordinary statutory interpretation, should she borrow state law or make her own rule? The Supreme Court instructs judges to err on the former side, weighing the preservation of otherwise-applicable state law against federal needs that might […]
STEM meets sports tourism as Robotics Championship plans return to Clarksville
The Vex Robotics competition will take place at F&M Bank Arena, hosting 42 schools fielding 96 teams representing more than 500 middle and high school students.
Everton v Burnley: Key stats and talking points
Everton will be looking to arrest a sharp decline in their home form when Burnley make the relatively short trip to Hill Dickinson Stadium on Tuesday (19:30 GMT). The Toffees, who sit eighth, won five of the first nine league games at their new ground on the banks of the River Mersey, but they are winless in their past seven, their worst run at home since going nine without a victory at Goodison Park between April and October 1998. Back-to-back losses at home to Bournemouth and Manchester United were followed up by an impressive 3-2 win over Newcastle United in a lively game at St James' Park on Saturday.
Brilliant or bankrupt: NewsNight panel spars over Trump’s War with Iran
Former president of Marion business convicted of federal bankruptcy crimes
A former president of a now-defunct Marion business was convicted of multiple federal bankruptcy crimes Monday after prosecutors say he concealed assets and provided false statements during his bankruptcy proceedings.
Iran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy
That empire includes core industrial sectors like oil and transportation as well as banking, telecommunications, agriculture, medicine, and real estate.
This 10,000 mAh Qi2 battery bank for Pixel 10 is thin without compromise [Gallery]
Qi2 battery banks are perhaps one of the best accessories for a Pixel 10 owner, but finding one that’s compact...
Watch Big Take: Lloyd Blankfein on AI, Private Credit, and Politics
Goldman Sachs’s former CEO Lloyd Blankfein sits down with David Gura, host of The Big Take Podcast and Bloomberg This Weekend, to talk about the risks of private credit, what he learned running the bank during the global financial crisis, and how he thinks companies – and executives – should and shouldn’t engage with politics. Subscribe to the Big Take podcast on Apple Podcasts, Spotify or iHeart.
The Boston Pub That Was Only Paid $1 To Become TV's Most Iconic Hangout
Boston's former Bull & Finch pub was paid $1 to be the location for "Cheers," and banks on its nostalgic fame today with merch and menus as Cheers Beacon Hill.
4 Costco Tablet Accessories That Will Level Up Your iPad
Top Costco iPad accessory picks include the Apple Pencil Pro, Magic Keyboard, a 20,000 mAh power bank, and the latest AirTags for tracking.
Xiaomi launches 17 Ultra smartphone, an AirTag clone, and an ultra slim powerbank
We round up everything Xiaomi announced at its Mobile World Congress event.
Democrats look to Tejano music star Bobby Pulido in a high-stakes South Texas congressional race
Democrats are banking on Tejano music star Bobby Pulido to help them win back Hispanic voters in a South Texas congressional district that favors Republicans
Schools, most businesses to stay shuttered Sunday amid Israel-US assault on Iran
Health system suspends all non-essential services, while courts cancel all but urgent proceedings; banks, supermarkets remain open as economy minister urges public to avoid panic buying
First Brands nears bankruptcy settlement, tees up business unit sales
Bankrupt auto parts maker First Brands is close to a bankruptcy settlement with its creditors, seeking to wind down most of its business while teeing up separate sales for four business lines that are being funded by major customers like Ford and General Motors .
OpenAI just closed a $110 billion funding round
OpenAI announced it secured a $110 billion investment from Nvidia, Amazon, and SoftBank.
Bitcoin has no business on a central bank’s balance sheet
Fed Chair nominee Kevin Warsh says it’s the new gold, but bitcoin’s plunge proves that it belongs in a trading account — not a national reserve.
GW Research Associate Selected for Digital Science Communication Fellowship | GW Today | The George Washington University
Aline Maybank will help expand public understanding of environmental health through her work.
Can this Bergen dine-in movie theater survive owner bankruptcy?
The luxury movie and dine-in chain IPIC Theaters could close its Bergen location after its second bankruptcy since 2019 amid a slow pandemic recovery.
Exclusive: Nintendo plans around $1.9 billion share sale by Kyoto bank and others, sources say
Nintendo plans an unwinding of strategic shareholdings that would see companies including MUFG Bank and the Bank of Kyoto selling shares of the "Super Mario" maker, according to three sources familiar with the situation.
Springfield business owner pleads guilty to COVID-19 loan fraud, money laundering
Springfield business owner pleaded guilty to bank fraud and money laundering after fraudulently obtaining $316,062 in Paycheck Protection Program loans under the CARES Act and using the funds for unauthorized purposes, including personal benefit.
TD Beats Estimates on Strong Results Across Its Business Lines
Toronto-Dominion Bank topped estimates on better-than-expected results in both its US and domestic retail divisions as well as its markets-related businesses.
After the WeWork bankruptcy, the coworking industry was looking shaky. Not anymore.
"People think coworking just for startups interested in beer pong and crazy happy hours, but that’s not true. Companies that have been established for over 100 years are embracing it."
SocGen Expands Japan Credit Business With Santander, UBS Hires
Societe Generale SA has hired two senior people for its business selling credit products in Japan, as opportunities in the country spur global banks to expand their local presence.
Scotiabank opens Dallas regional HQ as Victory Park bets on long‑term growth
Official: Samsung launches 5,000 mAh magnetic power bank with kickstand for Galaxy S26 series
The new Qi2 Magnet Wireless Battery Pack is Samsung's first magnetic power bank. Announced at Galaxy Unpacked, it delivers up to 15W wireless charging for the new Galaxy S26 and S25 series while adding convenient extras like a built-in kickstand and a 25W USB-C port.
North Star Health Alliance bankruptcy: Cash collateral approved as DOH talks continue
A bankruptcy court gave North Star Health Alliance the go-ahead Wednesday to continue using its cash collateral to maintain operations and provide patient care.
National Bank Beats Estimates as CWB Boosts Major Business Lines
National Bank of Canada beat analyst estimates in its fiscal first quarter after it reported stronger results across the board, boosted by the bank’s purchase of Canadian Western Bank.
BMO Earnings Top Estimates on US Business, Capital-Markets Unit
Bank of Montreal topped estimates on stronger-than-expected performance both at its US operations as it pushes to improve results at the business and at its capital-markets unit, which benefited from strong trading.
Singapore's OCBC bank explores physical gold custody business for institutional, wealthy clients
Singapore's Oversea-Chinese Banking Corp is exploring setting up a custody business for physical gold geared toward institutional and high-net-worth clients, as demand for its app-based trading product accelerates, senior executives said on Wednesday.
Trump administration considers forcing banks to verify customers’ citizenship
The Trump administration is weighing a new requirement for US banks to verify citizenship information of current and future customers as part of the president’s aggressive immigration crackdown, sources told CNN.
America loves a reality TV villain. Tyra Banks is counting on it.
If the core allegation of "Reality Check" is true, and both Banks and "ANTM" mastered the art of converting provocation into profit, could the furor that's erupted this month put both of them back on ...
Tepper Sports & Entertainment unveils plans for immersive experience center ahead of Bank of America Stadium renovations
Lowe’s Becomes the Official Stadium Renovation Partner of Bank of America Stadium
Tepper Sports & Entertainment unveils plans for immersive experience center ahead of Bank of America Stadium renovations
Lowe’s Becomes the Official Stadium Renovation Partner of Bank of America Stadium
KeyBank Recognized as Best Bank in Small Business and Middle Market Banking with Nine National and Regional Coalition Greenwich 2026 Awards
/PRNewswire/ -- KeyBank (NYSE: KEY) is being recognized for its support of small and middle market business clients with nine 2026 Best Bank Awards from Crisil...
Huntington Bank's 2026 Beyond Business Report Reveals Rebounding Optimism, Readiness Gaps for Business Owners
/PRNewswire/ -- The Huntington National Bank ("Huntington") today released the 2026 Beyond Business Report, an annual study examining business sentiment and...
Technical meeting on the Operational Guidance for banks on Business Reorganisation Plan Analysis Reports (BRP AR) and the BRP AR quantitative template
Technical meeting on the Operational Guidance for banks on Business Reorganisation Plan Analysis Reports (BRP AR) and the BRP AR quantitative template
Politics Aside Season 2, Episode 4
On this episode of Politics Aside, Chris Cillizza runs drills at M&T Bank Stadium with Baltimore Mayor Brandon Scott and later, shoots hoops with Virgina Rep. Suhas Subramanyam at Wizards legend Gheorghe Muresan’s Giant Basketball Academy in Ashburn. Along the way, Chris explores how youth sports and community shape political leadership.
Miles for Change: Fenway Health’s 2026 Boston Marathon Champions
Fenway Health is proud to be an official partner in the 2026 Bank of America Boston Marathon® Official Charity Program. We are honored to have Michael Lazdo ...
Former Chuck E. Cheese Entertainment CEO Takes Same Post With Topgolf
Plus: Former Topgolf CEO named to same role with Oh YAAS, Vista Bank appoints new south Dallas president and more.
2026 Business Leaders of the Year
Central Massachusetts is full of amazing professionals, each with their own unique skills, talents, and dedication to their companies, industries, and communities. You could make a strong case for hundreds of them to be considered as WBJ’s Business Leader of the Year. Yet, to actually win the award, you need to have that little something extra: a magic spark, an insight no one else sees, years of knowledge that pay off with the right decision at the right time, a leadership style inspiring people to follow, a push for a paradigm shift at a stagnant organization. Business Leader of the Year is WBJ’s oldest award, launched in 1982 when Herb Dunnington of First Safety Fund Bank won the sole award. In the decades since, BLOY has expanded to honor winners from different corners of the economy: small businesses, large businesses, nonprofits, innovation, families. Each of the six winners this year has that something special setting them apart as true leaders in our Central Massachusetts business community: Neelu Mohaghegh’s creativity, Nick Haritos’ compassion, Nicolette Sacco’s adaptability, Julie Bowditch’s energy, Sean Rose’s steadiness, the Vaccaro family’s culture. You can read more about each of them through the links below.
Citi nears Banamex stake sale to investor group including Blackstone, Bloomberg News reports
Citigroup is nearing a deal to sell a 24% stake in its Mexican retail bank Grupo Financiero Banamex to a group of investors that includes Blackstone , Bloomberg News reported on Monday, citing people familiar with the matter.
Kristen Mellen
First Bank Chicago, one of the five largest privately held banks in Chicago, is pleased to announce Kristen Mellen has been promoted to Systems and Applications Support Officer. In this role, Kristen leads process improvement initiatives that enhance client experiences with our products and services. She provides ongoing support throughout the Bank for system configuration and application implementations. Kristen joined the Bank in 2017.
Meet the 20 most successful M&A bankers of 2025
The top US merger banker last year hails from Wells Fargo. Meet him and 19 other dealmakers who who shaped the $4.6 trillion M&A comeback.
Plasma proteomic profiles linked to suicidal behaviors
Nature Mental Health - Using plasma proteome profiles from over 53,000 UK Biobank participants, Zhang et al. examined proteins associated with suicidal behavior and investigated pathways that could...
Industry trade group, bank, nonprofits name boards; ex-McGlinchey Stafford attorneys hired
Take a look at some of the recent promotions and new hires announced at south Louisiana businesses.
Investment bank settles case that put 100-hour workweeks on trial
Centerview Partners has reached a settlement with a former analyst just before a trial was set to begin over its grueling 100-hour workweeks.
JPMorgan concedes it closed Trump’s accounts after Jan. 6 attack
JPMorgan Chase now confirms it closed Donald Trump’s bank accounts after the Jan. 6 attack on the U.S. Capitol.
Wellspring Launches Treasury Management Platform for Small and Mid-Sized Businesses
The solution integrates liquidity management, payments infrastructure, and yield across banking and stablecoin rails within a governed treasury framework.Los Angeles, CA, Feb. 21, 2026 (GLOBE NEWSWIRE) -- Wellspring today announced the launch of Wellspring Institutional, a Treasury Management platform designed for small and mid-sized businesses. The solution provides finance teams with centralized cash visibility, integrated domestic and cross-border payments, and the ability to generate yield o
As McGlinchey Stafford prepares for shutdown, the Louisiana firm files for bankruptcy
The decision hastens the demise of a once-powerhouse law firm that rapidly expanded across the south in the 1980s and 1990s.
After decades of soliciting the expertise of locals, Hajo Eicken’s northern career is coming full circle
The director of the International Arctic Research Center at the University of Alaska Fairbanks is returning home to Germany after 28 years in Alaska.
Business Lookahead: Nvidia earnings take center stage
STORY: As global markets react to the U.S. Supreme Court ruling on President Trump's tariffs, Nvidia earnings head for center stage. These are the stories to watch in business and finance in the coming week. :: Nvidia's momentMarkets will be watching for Nvidia's quarterly results Wednesday...as investors worry about returns on AI spending and industry disruptions caused by the emerging tech.Nvidia shares have soared following the launch of ChatGPT in late 2022.But shares of the company and others in the "Magnificent Seven" have stalled so far in 2026.:: Anniversary angstTuesday marks the four-year anniversary of Russia's full-scale invasion of Ukraine.While the push for a ceasefire continues, getting one over the line remains difficult.Ukraine has faced sustained pressure to agree to a deal that could mean painful concessions, as Russian forces pound its power grid and slowly advance on the battlefield.The International Monetary Fund looks set to rubberstamp extended support, meaning Kyiv's bonds are flying high.:: Key Australia dataAustralia's consumer price reading Wednesday will be closely watched by investors, who are betting the central bank will hike rates at least once more this year.Earlier this month, Australia's central bank became the only one in the G10 outside Japan to tighten policy, as it struggles to bring inflation under control in a supply-constrained economy.:: British uneaseBritish Prime Minister Keir Starmer faces a reckoning Thursday in a Manchester special election.Investors will be watching the results closely. Friday could be another volatile day for British markets and Westminster.British gilts and the pound wobbled earlier this month as a crisis engulfed Starmer over what he knew of Peter Mandelson's links to late sex offender Jeffrey Epstein when he appointed the former as U.S. ambassador.
3L Ediz Kalkan Builds Practice-Ready Skills through UC Law SF’s Business Law Concentration - UC Law San Francisco (Formerly UC Hastings)
3L student Ediz Kalkan combined rigorous coursework, mentorship, and hands-on client experience to emerge ready for corporate practice. 3L student Ediz Kalkan shares how UC Law SF’s Business Law Concentration helped him gain the practical skills, doctrinal knowledge, and professional confidence to pursue a career advising corporate clients. It’s one of 12 concentrations that allow JD students to gain specialized expertise in a focused area of legal practice. 3L Ediz Kalkan built a strong foundation in corporate law through specialized coursework and mentorship from faculty and industry leaders. He gained hands-on client experience advising startups through the Startup Legal Garage and through roles in-house and at a law firm. He emerged prepared to handle sophisticated legal matters and interact confidently with clients. 3L Ediz Kalkan: I always gravitated toward business law courses at UC Law SF, so it made sense to memorialize that interest by completing the concentration — especially since I already planned to take most of the required coursework. I have taken many practical- and doctrinal-focused courses, including practical-oriented courses such as Mergers and Acquisitions, Venture Capital and Start Ups, Startup Business Lawyering, Private Equity and Hedge Funds, Corporate Governance, Corporate Finance and a few others. On the doctrinal side, I have taken Business Associations and am currently enrolled in Bankruptcy and Securities Regulation. These courses and professors equipped me with a strong foundation in universal corporate legal principals, fluency in the jargon, and insight into how corporate law intersects with markets, public and private companies, and government agencies. I also gained invaluable mentorship and lessons from industry leaders — both from the faculty and the dozens of guest speakers invited to the classroom. At UC Law SF, I participated in the Corporate Module of the Startup Legal Garage, where I observed practicing attorneys and helped real clients with real startup-related legal needs. I learned substantive law, business strategy — and most importantly — was socialized to the practice of law and the etiquette and expectations of being a junior attorney. I spent my 1L summer at AXOS Bank, a commercial bank in San Diego, where I gained experience with securities regulation, enterprise banking, and in-house work at a public company. From January of my 2L year to now, I have worked as a law clerk at Bartko Pavia LLP, gaining experience in a traditional law firm setting. I have had the privilege of working with startups all the way to public companies, as well as international clients. The experience has strengthened my confidence in tackling complex legal issues and interacting with clients. Through these experiences, I’ve learned that effectively advising clients takes more than subject-matter expertise. This work, and my time in the UC Law SF business concentration, have inspired me to pursue an MBA after law school to become a more well-rounded professional. My career plans remain focused on corporate practice and enhancing my value as a business advisor. I would happily recommend UC Law SF and this concentration because of its robust course catalog, highly successful professors and adjuncts, and extensive resources. Not to mention, UC Law SF is uniquely situated just minutes away from many of the world’s most innovative companies, all of which have legal needs — creating meaningful opportunities for students. My peers and I have been incredibly fortunate to have access to this network of industry leaders and legal professionals. Ultimately, business lawyers can take many paths, but all require the strong foundation that the business law concentration and the incredible people at UC Law SF provide. The Evidence of Success series highlights UC Law SF students as they share how the college’s opportunities equip them with the experience, skills, and confidence to excel in the legal profession.
An Unwavering Belief in Science, Creativity, and Equity: The Legacy of Dr. William H. Foege
In our bitterly partisan age, where science and public health are distrusted, even denigrated, there is a better part of America.
Rwanda's apex bank reaffirms validity of coins amid public complaints
The National Bank of Rwanda has cautioned businesses against rejecting small coins, insisting all denominations remain legal tender despite digital trends
Israeli settler killed Palestinian-American teen in the West Bank, local health ministry says
A 19-year-old Palestinian-American citizen shot by an Israeli settler in the West Bank has died from his wounds,
Commercial Businesses Enter 2026 with Momentum but Face Uncertainty
MORRISTOWN, N.J., February 19, 2026--Valley Bank releases findings from its second annual Middle-Market C&I Survey: Entering 2026 With Momentum.
This AI-powered health tech stock is undervalued and poised for big gains, says Mizuho
The bank initiated the stock with an outperform rating.
Singapore Alternative Lending Business Market Report 2026-2029: BNPL and Embedded Finance Market Intensifies as Atome, Grab PayLater and Shopee SPayLater Compete with Bank-Led Instalment Expansion
Key market opportunities in Singapore's alternative lending include BNPL standardization favoring accredited providers, embedding SME credit within digital ecosystems, tightening digital acquisition standards, and expanding private credit funding pathways. These shifts could enhance regulatory compliance, market reach, and investment potential. Singaporean Alternative Lending Market Singaporean Alternative Lending Market Dublin, Feb. 19, 2026 (GLOBE NEWSWIRE) -- The "Singapore Alternative Lendin
The Future Of Business To Business Banking: Fintech 50 2026
These fintech startups help businesses manage money with cards, lending and expense tools that simplify cash flow and cut back-office work without banks.
Exclusive: ECB President Lagarde tells colleagues she is still focused on her post
European Central Bank President Christine Lagarde has told colleagues she remains focussed on her job and she would tell them first if she was about to step down, four sources told Reuters, in a private message the recipients took to mean she was not about to resign.
Costco recalls gift cards nationwide after business goes bankrupt
These recalled gift cards were redeemable at hundreds of participating restaurants nationwide.
Tyra Banks Needs To Be Held Accountable. She’s Also The Perfect Scapegoat
We let Tyra Banks off too easy for the harm America's Next Top Model caused. Now, the same problematic beauty standards she perpetuated are back.
Haslam Sports Group selects Legends Global to lead hospitality at new Huntington Bank Field enclosed stadium
Partnership focuses on data-driven insights, local culinary partnerships, and a premium fan and guest experience
Business Restructuring Review
In This Issue: The Year in Bankruptcy: 2025 A brief chronicle of the year's notable developments in corporate bankruptcy and restructuring, including business bankruptcy filings, significant court rulings, and legislative developments. [read more …] U.S. Bankruptcy Court Denies Chapter 15 Recognition of Maltese Liquidation Absent Evidence of Meaningful Activities Supporting Finding of COMI or Establishment in Malta In In re Geden Holdings, Ltd., No. 25-90138, 2025 WL 2484883 (Bankr. S.D. Tex. Aug. 28, 2025), stay pending appeal denied, No. 25-90138, 2026 WL 97993 (Bankr. S.D. Tex. Jan. 13, 2026), the U.S. Bankruptcy Court for the Southern District of Texas ruled that, for purposes of recognition under chapter 15 of the Bankruptcy Code, although a foreign debtor may have had its center of main interests ("COMI") or an establishment in Malta when a liquidation proceeding was commenced for it in a Maltese court in 2017, the absence of any meaningful activity by the debtor's liquidator from that time until the liquidator filed a chapter 15 petition in the United States more than five years later meant that the debtor had neither a COMI nor an establishment in Malta on the chapter 15 petition date. The court accordingly denied the petition for recognition. [read more …] The Ninth Circuit's Expansive Reading of "Financial Accommodations" that Cannot Be Assumed or Assigned in Bankruptcy It is generally well understood that agreements to extend credit or provide financing to a debtor cannot be assumed or assigned in bankruptcy. Even so, the provision of the Bankruptcy Code that precludes assumption or assignment—section 365(c)(2)—also extends to "financial accommodations," a term that is not defined in the Bankruptcy Code and has been the subject of relatively few bankruptcy and appellate court rulings. The U.S. Court of Appeals for the Ninth Circuit examined the meaning of the term in In re Svenhard's Swedish Bakery, 154 F.4th 1100 (9th Cir. 2025). The court of appeals ruled that a deeply discounted settlement of pension plan withdrawal liability is a "financial accommodation" that cannot be assumed or assigned, thereby extending the reach of section 365(c)(2) well beyond conventional lending arrangements. [read more …] Pennsylvania District Court Applies "Hypothetical Test" in Determining that Patent License Agreement Is Assignable in Bankruptcy In Crivella Holdings Ltd. v. Mesearch Media Technologies Ltd., No. 2:25-cv-333, 2025 WL 2443400 (W.D. Pa. Aug. 25, 2025), the U.S. District Court for the Western District of Pennsylvania affirmed a bankruptcy court ruling denying a software licensor's motion for relief from the automatic stay to terminate the license agreement. The court found the license was assumable in bankruptcy under the Third Circuit's hypothetical test as a result of language in the agreement stating that it could be assigned to a "successor in interest" of the debtor without the licensor's further consent, thereby overriding federal patent law's general prohibition against the assignment of patents. [read more …] New York Bankruptcy Court Denies Motion to Terminate Chapter 15 Recognition and Dismiss Chapter 15 Case In In re Oi S.A., No. 23-10193 (LGB), 2025 WL 2806591 (Bankr. S.D.N.Y. Oct. 1, 2025), the U.S. Bankruptcy Court for the Southern District of New York considered whether chapter 15 recognition of a debtor's Brazilian restructuring proceeding should be terminated and the case dismissed due to the debtors' financial deterioration and inability to satisfy its restructuring plan obligations after entry of the recognition order. The court denied the motion, concluding that recognition of the Brazilian proceeding and a court-approved restructuring plan for the debtors should not be terminated under section 1519(d) of the Bankruptcy Code—according to the court, the sole authority for revocation of chapter 15 recognition—because, among other things, the restructuring proceeding was still pending, the debtors might still need relief authorized under chapter 15, and the debtors' prospects for reorganizing under a hypothetical chapter 11 case were uncertain at best. It also found that no provision of the Bankruptcy Code authorizes the dismissal of a chapter 15 case. [read more …] Newsworthy Effective January 1, 2026, Jones Day welcomed Isel M. Perez (Miami), Andrew M. Butler (New York), Sid Pepels (Amsterdam), and Anna C. Bretting (Munich) to the partnership in the Business Restructuring & Reorganization Practice. Sid Pepels (Amsterdam) has been nominated for the Future Leader Award by the Global Restructuring Review, an organization that acknowledges and honors excellence within the global restructuring and insolvency sector. This award is designed to recognize exceptional contributions made by both individuals and firms in the field. The 2026 edition of Chambers UK recognized Ben Larkin (London) in the practice area Restructuring/Insolvency and Adam R. Brown (London) in the practice area Restructuring/Insolvency: Litigation. The 2026 edition of Chambers Asia-Pacific ranked Roger Dobson (Sydney) in the practice area Restructuring/Insolvency. An article written by Corinne Ball (New York) titled "Backstop Fees for Lenders in Chapter 11 Plans: Absent Market Test, Equality of Treatment Now Required in Fifth Circuit After 'ConvergeOne'" was published on November 12, 2025, in the New York Law Journal. An article written by Oliver S. Zeltner (Houston) titled "Delaware Bankruptcy Court: No Legal Authority for Chapter 11 Plan Gatekeeping Provision" was published on November 20, 2025, by Lexis Practical Guidance. An article written by Daniel J. Merrett (Atlanta) titled "First Impressions: Eleventh Circuit Rules that Annulment of Automatic Stay Does Not Violate U.S. Supreme Court's Prohibition of Nunc Pro Tunc Orders" was published on November 21, 2025, by Lexis Practical Guidance. An article written by Genna Ghaul (New York) titled "Iowa District Court: Avoidance Claims Cannot Be Encumbered by Pre-Bankruptcy Liens" was published on November 20, 2025, by Lexis Practical Guidance. An article written by Dan T. Moss (Washington/New York), Corinne Ball (New York), David S. Torborg (Washington), and Ben Rosenblum (New York) titled "New York Bankruptcy Court Rejects Challenge to Barnet Rule Permitting Foreign Debtors to Obtain Chapter 15 Recognition With Only Minimal U.S. Assets" was published on November 21, 2025, by Lexis Practical Guidance. The M&A Advisor has recognized the Silvergate Capital Corporation Bankruptcy case as the Chapter 11 Reorganization of the Year (over $5 billion) during its 20th Annual Turnaround Awards. Jones Day is listed among the professionals for the representation of Exploration Capital, which was led by Joshua M. Mester (Los Angeles). Lawyer Spotlight: Sid Pepels Sid Pepels, a partner in Jones Day's Amsterdam Office, litigates and advises clients on commercial and international insolvency matters, with a focus on complex restructurings and insolvencies. He has advised and litigated high-profile cases, including: the cross-border WHOA (Wet Homologatie Onderhands Akkoord) proceedings concerning Vroon Group and Diebold Nixdorf; proceedings on behalf of expropriated SNS Reaal bond holders against the Dutch State; the bankruptcy of Intertoys, the leading Dutch toys retailer; the restructuring of Oi, the Dutch finance vehicle of the Brazilian telecom giant; and Blokker, the leading Dutch home appliances retailer. Sid holds a Ph.D. in European insolvency law and regularly publishes in academic journals on topics of cross-border insolvency. He has been recognized in The Legal 500 Netherlands and was noted by his peers for being client-minded and a creative thinker with a "strong grasp of the law and strong interpersonal skills." Sid was also nominated for the "Future Leader" award at the Global Restructuring Review Awards 2025. He is a board member for the Netherlands Association for Comparative and International Insolvency Law and a NextGen member of the International Insolvency Institute.
National Australia Bank Profit Rises on Business, Home Lending
National Australia Bank Ltd.’s profit climbed in the first quarter amid business banking growth and strength in home lending.
UK unemployment rate rises to 5.2%, the highest level in nearly five years
Figure from ONS will be closely watched by Bank of England as it makes interest rates decision
Citigroup Touts Tech, AI Push in Services as Business Posts Record Q4 at Citi Conference
Citigroup (NYSE:C) Head of Services Shahmir Khaliq told conference attendees that the bank’s Services business has focused on investing in technology, talent, and client engagement to deepen wallet share and drive profitability, while helping global clients manage a complicated macro and geopolitica
Utica Event Promotes Hands-Only CPR for Cardiac Emergencies
Fans at Adirondack Bank Center learned about the importance of hands-only CPR during the Utica City Football Club game against the Saint Louis Ambush.
Who's building and who's buying in Greater Baton Rouge
A look at the latest property transactions in East Baton Rouge and Ascension parishes. East Baton Rouge Parish First National Bank of Louisiana purchased 2.9 acres divided into two parce… Already an INSIDER? Sign in. Already an INSIDER? Sign in
iOS 26.4 Enables Stolen Device Protection by Default for All iPhones
Starting with iOS 26.4, Stolen Device Protection will be enabled by default and turned on for all iPhone users. Stolen Device Protection adds extra security in case of physical iPhone theft. Apple implemented Stolen Device Protection back in 2023 after reports about a new iPhone theft method. Thieves would spy on an intended victim to learn their passcode, then steal the target's iPhone. With the passcode, criminals were able to empty bank accounts, access passwords, and turn off Find My.
How my best friend and I built a sandwich empire
A former banker and his lifelong friend turned a franchise obsession into owning Capriotti's and running the sandwich chain together.
The Beach Boys to close 2026 Wisconsin State Fair
WEST ALLIS, Wis. (WKOW) — The Wisconsin State Fair is set to end on a high note with The Beach Boys performing at the Bank Five Nine Main Stage on
How business banking is becoming a strategic partner
Area financial experts highlight the evolution of their organizations
Tyra Banks Tells Her Side In Netflix’s ‘America’s Next Top Model’ Docuseries
Netflix’s three-part docuseries unpacks the TV juggernaut’s complicated legacy, but does little to actually hold the show accountable.
Goldman Says Gilts to Look Past Political Risk in Strong 2026
UK bonds will rally in 2026 to send government borrowing costs to the lowest since 2024, driven by Bank of England interest-rate cuts, according to a Goldman Sachs Group Inc. strategist.
Small Business of the Month: Ditch Witch Mid-States
Each month throughout the season, one local company will be recognized by the Blue Jackets and First Merchants Bank
Oregon business bankruptcies hit a 12-year high
Bankruptcies rose almost four times faster here than they did nationwide.