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Media Mentions January 29, 2010

With attorneys and staff worldwide, attorneys in Bryan Cave’s financial institutions practice often make the news. Sometimes media mentions highlight the firm’s involvement with notable clients, sometimes the individual accomplishments of attorneys and staff. Recent media mentions include:

Blanchard in Atlanta Business Chronicle, Florida Business Journals

Atlanta Partner Gerald Blanchard was quoted Jan. 13 in the Atlanta Business Chronicle regarding Troubled Asset Relief Program (TARP) funds and how most TARP recipients have, in fact, repaid their debts with interest. He also was quoted Jan. 6 in the Palm Beach Daily Business Review (republished in the Miami Daily Business Review) on how new banking regulations out of DC could affect small community banks’ ability to lend money.

Klingler in U.S. Banker

Atlanta Associate Robert Klingler was quoted in the February edition of U.S. Banker on how to jump start the economy. The article focused on small business loans and particularly President Obama’s call to use TARP funds to make more capital available to community banks that agree to increase their small-business lending.

Moeling in Atlanta Journal-Constitution, ABA Banking Journal

Atlanta Partner Walt Moeling was quoted Jan. 21 in The Atlanta Journal-Constitution regarding how most bank depositors have emerged relatively unscathed from failed banks due in large part to the fact that the FDIC insures deposits up to $250,000 per account. He also was quoted in the December edition of the ABA Banking Journal concerning the commercial real estate (CRE) appraisal process. Many community bankers are waiting to see whether regulators might make the process of CRE exams and appraisals easier in the future.

Wheeler in Birmingham Business Chronicle

Atlanta Partner Jim Wheeler was quoted Jan. 15 in the Birmingham Business Chronicle on how many banks have successfully shed their books of unprofitable loans to interested buyers. Most also have sold their more valuable bad assets, he said.

Email This Content Email This Content Posted in Media Mentions. Tagged with , , , . By Jeannie Osborne - Friday, February 5, 2010

Media Mentions January 15, 2010

With attorneys and staff worldwide, attorneys in Bryan Cave’s financial institutions practice often make the news. Sometimes media mentions highlight the firm’s involvement with notable clients, sometimes the individual accomplishments of attorneys and staff. Recent media mentions include:

Andreassen, Rinearson in Business Lawyer

New York Partner Judith Rinearson and DC Associate Kristine Andreassen co-authored an article in the November issue of the ABA’s The Business Lawyer on the impact of state money transmitter licensing laws on prepaid payment products.

Garrett in MarketWatch

Kansas City Counsel Karen Garrett was quoted Dec. 23 by MarketWatch on a bill before Congress that would require big banks to pay into a $150 billion fund to be used to dismantle a failing bank thought so big or so interconnected that if it collapsed suddenly it would threaten the economy’s stability. The piece was picked up Dec. 27 by McClatchy News Service.

Klingler on National Public Radio

Atlanta Associate Robert Klingler was interviewed Dec. 29 on National Public Radio regarding bank failures, with a particular focus on Georgia banks.

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Email This Content Email This Content Posted in Media Mentions. Tagged with , , , , , , . By Rob Klingler - Friday, January 15, 2010

Impact of Wall Street Deleveraging

In the BT Capital Partners Fourth Quarter 2008 Newsletter, Jim Wheeler explores the impact that the deleveraging of Wall Street will have on the ability of banks to provide liquidity to main street.

An equally important factor that has not received much press is the paradigm shift in lending caused by the deleveraging of Wall Street. With all of the large Wall Street investment banks now conspicuously absent from the landscape, we have lost all of those major lenders who leveraged their assets 40:1 and who were willing to aggressively price car loans, credit card receivables, and home mortgages, based on their model of packaging them and selling them, without regard to credit quality, since they were backed with credit default guarantees. Those packages and re-sales are no longer viable. All of the capital that was available just months ago is no longer available, and most eyes are turning to the banks who are lining up to receive the TARP capital payments as the likely suspects for injecting capital into our economy.

Email This Content Email This Content Posted in TARP Capital. Tagged with , . By Rob Klingler - Thursday, December 18, 2008

Jim Wheeler Quoted on TARP Capital

Jim Wheeler was quoted extensively in today’s Fulton Daily Report story titled, “Lawyers help banks jump through Treasury hoops.”  The full story is available online (subscription required).

After Treasury Secretary Henry Paulson announced more details of the plan Oct. 20, Wheeler said his bank clients were still divided about whether to take the money. “One said he was not going to go public. One said he didn’t want to, but he needs the money,” he said.

But Wheeler and other lawyers said the department appears to be retailoring the plan so that banks that don’t have preferred shares of stock can participate. If that requirement is adjusted, said Wheeler, “It opens the floodgates.”

“Going public has been the biggest sticking point so far. Now, everybody is cautiously optimistic that they won’t have to,” he added.

“The plan wasn’t designed for the community banks, but for the big nine banks,” said Wheeler, referring to gargantuan commercial banks such as Bank of America and Goldman Sachs that have already sold $125 billion in equity to the government in a separate deal.

Powell Goldstein will continue to monitor Treasury’s actions regarding TARP Capital as it relates to community banks, and will provide updates on this website.

Email This Content Email This Content Posted in TARP Capital. Tagged with , , . By Rob Klingler - Monday, October 27, 2008