Bankruptcy Blogs

Odd Lots Podcast on Iraq's Astonishing Debt Restructuring (Next: Ecuador's Dodgy Buyback?)

03/04/20

For sovereign debt fans, there is a very nice podcast from Bloomberg's Odd Lots that was put up a couple of days ago (here).  The title says it all: "How Iraq Pulled Off One of the Biggest Sovereign Debt Restructurings of All Time".  It is a pity that there has not been more writing about the Iraqi debt restructuring because this is one from which there are many lessons to be learned.

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Don’t ditch disparate impact

03/04/20

Attempts to rewrite the method for determining unintended discrimination in housing should not bleed into fair-lending laws.

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Facebook weighs Libra revamp to address regulatory concerns

03/04/20

Facebook and its partners are considering redesigning the Libra cryptocurrency project so that the network accepts multiple coins, including those issued by central banks, in an effort to woo reluctant global regulators and rebuild momentum for the plan.

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Banks finally start to spend big on giant batteries

03/04/20

Recognizing the sizable opportunity in batteries, some project finance banks have recently begun supporting battery developments, and others expect to follow soon.

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Coronavirus reactions continue; Supremes don’t tip hand on CFPB case

03/04/20

Fed makes emergency cut, JPMorgan tests contingency plan; the justices appeared divided on whether to give the president power to fire the agency’s director.

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A small California bank is unionizing. Here's what it means.

03/03/20

The outcome at Beneficial State may be hard for organizers to replicate at other banks, but it serves as a reminder that labor groups see an opportunity in an industry where many low-paid workers chafe against sales pressure.

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Veteran banker aims to bring back the multibank holding company

03/03/20

Richard Herrington's buyout pitch to smaller banks is to offer them a way to survive and keep their local brands.

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Rate cut could prompt even tighter margins, mortgage surge

03/03/20

The Fed’s decision to cut its benchmark interest rate amid growing coronavirus concerns is bound to have an impact on banks, but just how broad and how deep remains to be seen.

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Coronavirus highlights limits of Fed's power

03/03/20

In announcing the central bank’s emergency rate cut, Chairman Jerome Powell warned that the Fed can only do so much.

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JPMorgan tests virus plan with thousands working from home

03/03/20

JPMorgan Chase is asking thousands of U.S. employees to work from home as it tests a contingency plan for closing domestic offices should the coronavirus spread, according to people with knowledge of the matter.

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