Bankruptcy Blogs

Capital One triples loan-loss provisions on pandemic, oil decline

04/24/20

The company reported a loss of $1.3 billion in the first quarter after setting aside more than $5.4 billion for potential loan losses.

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House passes extra PPP funding; big banks rake in deposits in first quarter

04/24/20

The bill, which President Trump is expected to sign Friday, includes $310 billion more funding; the four largest U.S. banks took in $590 billion of the $1 trillion banks attracted.

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'We got out early and quickly': FHA chief details coronavirus response

04/23/20

The Federal Housing Administration has provided struggling homeowners with payment flexibility and explored other measures. At the same time, the agency is mindful of protecting itself against downside risks.

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House overwhelmingly passes aid bill

04/23/20

The House overwhelmingly passed and sent to President Donald Trump a $484 billion coronavirus aid package, even as members are already at odds over the next phase of rescue legislation.

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Further Thoughts on Necessity as a Reason to Defer Sovereign Debt Obligations

04/23/20

Mitu and I posted some preliminary thoughts about the defense of necessity, which might be raised as a basis for allowing sovereign borrowers to defer debt service during the crisis. I wanted to follow up on some of the open issues. A few are technical, addressing some potential objections to the defense.

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V-shaped recovery? More like a U, Huntington chief says

04/23/20

The energy business alone faces immense challenges and the overall economy may not bounce back until 2022, Stephen Steinour says.

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Election Time: Bankruptcy Code 1111(B) in the Post-COVID World

04/23/20

Among the only certainties for the post-COVID lending world is the uncertainty of commercial real estate values.  Among the classes of real estate that surely will be immediately diminished in value are hospitality and most brick and mortar retail, but even the value of industrial and office properties will be closely scrutinized as questions are posed regarding changes in how companies conduct their businesses and which types of businesses will recover most fully.  Ignoring the obvious challenges faced by hotels, stores, movie theaters and restaurants, will office buildings ever re-fill wi

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Fed to release monthly details on coronavirus lending

04/23/20

The central bank and other agencies have come under pressure to be transparent about their use of funds authorized by the recent pandemic rescue law.

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Plenty of takers for offers to skip credit card, student loan payments

04/23/20

Discover and Sallie Mae are the latest to report a surge in forbearance requests as households struggle with job loss and other hardships resulting from the coronavirus pandemic.

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Banks grow wary of Zoom meetings

04/23/20

The popular videoconferencing service has been beset by security issues, and some banks have banned employees from using it. Are they overreacting?

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