Bankruptcy Blogs

Will Congress do anything about credit unions buying banks?

12/22/19

The community bank lobby has said the recent deals are another reason to rein in the credit union sector. Some House members are beginning to take notice.

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Private equity takes a breather from investing in banks

12/22/19

PE firms have made investments in only seven banks in 2019, compared to 21 last year. Here's what's driving the slowdown.

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Hinrichsen on Iraq’s Debt Restructuring

12/21/19

Iraq’s debt restructuring a decade and a half ago was one of the few things that went right with the US incursion into that country in 2003.  Thanks to a combination of an expensive war with Iran, mismanagement and corruption on the part of Saddam and his henchmen, and the debilitating effect of international sanctions on the economy, Iraq in 2003 found itself with one of the largest sovereign defaulted debt stocks in history.  Worse, thanks to the sanctions regime, much of the unpaid debt had, by the time of Saddam’s removal, matured into judgement

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Yadav on Dodgy Debt Buybacks

12/20/19

I’ve long been fascinated by debt buybacks by issuers, in large part because they seemed to occupy a loophole in the securities disclosure laws.  A company could do a buyback of bonds and, because bondholders are not owed fiduciary duties by the company, there was no requirement for disclosure.

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Investar ending 2020 with deal for Alabama bank

12/20/19

The Louisiana company sold $30 million in stock to help fund its purchase of Cheaha Financial Group.

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More help (from abroad) for small banks in search of deposits

12/20/19

Deposit Solutions says lenders can use its platform to acquire customers at little expense.

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Crapo's buzzkill, CFPB fair lending, Waters targets Wells: Top stories of the week

12/20/19

Sen. Mike Crapo delivers a crushing blow to pot banking efforts; the CFPB draws notice for its lack of fair lending enforcement; Rep. Maxine Waters says she will call on Wells Fargo board to testify next year; and more from this week's most-read stories.

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Industrial evolution: Black-owned D.C. bank set to expand in New York

12/20/19

Industrial Bank CEO Doyle Mitchell has spent countless hours in New York since his bank bought the failed City National in November, meeting with existing customers and plotting his growth plans.

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Fed, FDIC extend comment period for input on Camels ratings

12/20/19

The two agencies have delayed the deadline for the public to respond to a request for information on the rating system used to score banks' overall health.

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Perhaps Preferential Transfer Litigation is Not Worth the Cost- two tiny adjustments in that direction.

12/20/19

Although the primary thrust of the Small Business Reorganization Act of 2019 which was signed by the President on August 23 is to provide relief to reorganizing small businesses, the act has two provisions that are intended to provide  some relief from the threat of questionable and small dollar bankruptcy preference claims.

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