Bankruptcy Blogs

1MDB may scar Goldman image; Airlines soar with card fees

12/18/18

The bank’s efforts to show its ethical side may be “undone” by Malaysian scandal; airlines co-branded cards helping profits … for now.

[more]

Aurelius v. Puerto Rican Control Board (and "What Possibly Could be the Logic Behind Puerto Rico Being in the First Circuit?")

12/17/18

Last Monday, December 3, the First Circuit heard an oral argument that I have been looking forward to for ages.  The case involves an infamously aggressive hedge fund making an audacious challenge to the constitutionality of the Puerto Rican Control Board—an argument that is framed (hilariously, I think) as rescuing the Puerto Rican people from tyranny.  The events that followed did not disappoint in terms of drama. 

[more]

In reg relief era, appraisers become endangered species

12/17/18

A proposal allowing more lenders to skip outside appraisals could remove a hurdle to quick closings, but appraisers say they could be collateral damage.

[more]

Discover elevates lead director to chairman

12/17/18

Lawrence Weinbach will replace David Nelms, who had already stepped as CEO. The transition will take place Jan. 1.

[more]

Amazon, Google at odds with big banks over Fed's role in faster payments

12/17/18

The tech giants, along with Apple, PayPal and others, are calling on the Federal Reserve to build a backbone for real-time payments, rejecting large banks’ claims that the task is best left to the private sector.

[more]

Venezuelan Bonds: The Game is Afoot

12/17/18

Venezuela began defaulting on its bonds about fifteen months ago and is now in default on almost all of its outstanding bonds (except one that is backed by collateral).  The creditors, for these many months, have shown remarkable forbearance in refraining from accelerating the bonds and seeking judgments. 

[more]

FHA commissioner to serve as HUD's acting No. 2

12/17/18

The current deputy secretary of the Department of Housing and Urban Development, Pam Patenaude, will step down in January.

[more]

Student loan debt sets record, doubling since recession

12/17/18

U.S. student loan debt outstanding reached a record $1.465 trillion last month and one particular set of borrowers is having a hard time paying back their loans.

[more]

Can Spider-Man help Synchrony snag more deposits?

12/17/18

Synchrony Bank’s tie-in with the latest Spider-Man movie is an example of ways companies are looking to add augmented reality to their mobile-marketing arsenals.

[more]

Why this bankers' bank is throwing in the towel

12/17/18

In a rare move, Maryland Financial is voluntarily liquidating after its customer base shrank and efforts to sell itself failed.

[more]