Bankruptcy Blogs

'This all has the stench of truth about it': Comments of the week

10/26/17

Readers weigh in on Amazon as a bank threat, claims that big banks are poor fintech partners, whether there are too many banks in the U.S. and more.

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Loans rise 10% at Cullen/Frost

10/26/17

That loan growth helped boost the San Antonio bank's profit by 16.5% year over year.

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There's something broken in small-business lending

10/26/17

Banks tout their small-business lending services, but J.D. Power survey results suggest something's amiss. The solution is easy and old-school — but it costs money.

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Warren fights uphill battle against Montgomery’s FHA nomination

10/26/17

Brian Montgomery appears headed for easy confirmation for another stint as commissioner of the Federal Housing Administration, despite objections by Sen. Elizabeth Warren that he is too close to the financial services industry.

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Fee Disgorgement Can be the Least of Your Problems

10/26/17

In a decision signed October 25, 2017, Judge Shannon of the Delaware Bankruptcy Court issued an opinion requiring a professional to disgorge fees, pay a sanction of $25,000, and enjoined him from taking various actions in bankruptcy court. Judge Shannon’s opinion is available here (the “Opinion”).

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Bitcoin pioneer challenges cryptocurrency status quo

10/26/17

Metronome, the brainchild of Jeff Garzik, may appeal to banks as the world's first 'cross-chain' cryptocurrency.

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Stress tests for midsize banks are more trouble than they’re worth

10/26/17

While stress testing can provide valuable insight into the strength and resilience of our financial system, regulators are increasingly acknowledging shortcomings in the post-crisis regime.

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Is Jes Staley’s job in jeopardy at Barclays?

10/26/17

The bank’s 3Q results will make it harder for the CEO to win over some investors skeptical of his strategy to build up the investment bank, and he is already the subject of a whistleblower investigation by regulators.

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Deutsche Bank settles with states; Banks' fleeting victory

10/26/17

German bank says the $220 million settlement closes the book on its Libor-related misdeeds; reopening mandatory arbitration could backfire on banks.

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Merit v. FTI and the Missing Silver Bullet Argument?

10/25/17

On November 6, the Supreme Court will hear arguments in a case only a lawyer--and probably only a commercial or bankruptcy lawyer--could love, Merit Management Group v. FTI Consulting. Simplifying quite a bit, the issue is whether a payment by wire transfer (or presumably a check) is "made by" the bank who implements the funds transfer, or the customer who initiates the transfer.

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