News & Events


September 20, 2017

Commercial Banking

  • JPMorgan hires Amazon's Marbue Brown as head of customer experience for consumer banking, wealth management

    Sep 18 -
    JPMorgan hired Marbue Brown as its head of customer experience for consumer banking and wealth management. Brown comes over from Amazon, where he served as global lead for the company’s “Andon Cord” customer-experience team. He will report to CEO of JPMorgan’s consumer bank Thasunda Duckett.

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  • Monument Re acquires full ownership in ABN Amro Life Capital Belgium

    Sep 18 -
    Monument Re acquired full ownership of Benelux Life Run-Off, including its acquisition of ABN Amro Life Capital Belgium. With the acquisition, Monument’s first in continental Europe, the company plans to unlock Benelux’s potential in the Belgian Market. Financial details of the deal were not revealed.

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  • BNP Paribas considering fund-management tie-up with Axa

    Sep 18 -
    BNP Paribas is exploring the feasibility of combining its money-management unit with Axa’s European asset-management unit. Axa is reportedly seeking potential partners for the business and is in the midst of talks with competitor Natixis about combining their asset-management operations. While such a deal may have “strategic merit,” Natixis has historically focused on smaller acquisitions focused on filling needs in targeted areas such as equities, alternative investments and emerging markets.

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Real Estate Finance

Commercial Bankruptcy

  • Toy 'R' Us files for Chapter 11 protection

    Sep 19 -
    Ahead of the key holiday shopping season, Toys ‘R’ Us filed for Chapter 11 bankruptcy protection in an effort to restructure its $5 billion debt. The company plans to continue operations during the process. The filing also only affects the company’s U.S. and Canadian businesses. Its other worldwide stores won't be affected.

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  • Toys 'R' Us considering Chapter 11 filing

    Sep 16 -
    Toy retailer Toys ‘R’ Us may file for bankruptcy over the next few weeks. The company and its advisors are considering filing for Chapter 11 to help address its approximately $5 billion in debt, $400 million of which comes due next year. The company currently operates more than 1,600 stores worldwide.

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  • Aerosoles files for Chapter 11

    Sep 15 -
    Shoe retailer Aerosoles filed for Chapter 11 bankruptcy protection. According to court documents, the company listed assets between $10 million and $50 million, with liabilities between $100 million and $500 million. During the restructuring process, Aerosoles plans to significantly reduce the number of stores it has in operation.

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