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Preparing For The End Game When Underwriting New Credits

Published: Jan 11, 2022
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Most financial institutions we have represented over the years make a fine-line distinction between loan officers and asset recovery officers. In many instances, this distinction makes sense. If a loan officer considers too openly the risk for failure of a new loan, he or she may attract less new lending...

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IRS Publishes Final IBOR Transition Regulations

Published: Jan 05, 2022
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On December 30, 2021, the Treasury Department and IRS issued final regulations to address the taxability of modifications that replace LIBOR or another interbank offered rate (an IBOR) with a qualified rate like SOFR. Notably, the final regulations eliminate the proposed regulations' requirement that the modification result in an instrument with a substantially...

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Federal Bank Merger Guidelines Under Review

Published: Jan 03, 2022
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Last week's widely publicized inter-agency squabble between members of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) has thrown a spotlight on efforts to revise the regulatory framework governing bank mergers in the United States. In response to pressure from the progressive wing of the Democratic Party,1 on...

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