Bankruptcy Blogs

Abeinsa Holding Inc. Obtains Ch. 11 Plan Confirmation

01/10/17

In the recent decision of In re: Abeinsa Holding Inc. et al., Del. Bankr. Ct. Dec. 14, 2016), Case No. 1:16-bk-10790, the Honorable Kevin J. Carey confirmed clean energy developer Abeinsa Holding Inc.’s Chapter 11 plan, which is part of the $16.5 billion global restructuring for Spanish parent Abengoa SA.  Abengoa, with operations in about 50 nations, is a major figure in clean energy and environmental sustainability engineering.

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Six Strategies for Women Fintech CEOs to Get Funded

01/10/17

It's tougher for women-led technology companies to raise money from venture capitalistsÂ--or any investorÂ--than it is for men. But the challenge is deeper than overt sexism.

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Regulatory Relief Shouldn't Be Limited to Dodd-Frank

01/10/17

The Dodd-Frank Act is just the latest in a long string of policy out of Washington that harmed the greatest banking system devised by man.

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Morning Scan: DTCC Moving to the Blockchain; Goldman's New Tech Chief

01/10/17

Receiving Wide Coverage ...

Acid test: The Depository Trust and Clearing Corp., the world's main data repository for credit derivatives deals, is moving its database to the blockchain, "the first big test case for whether the emerging technology can be employed across the finance industry," the Financial Times said. The DTCC, which processes more than $1.5 trillion of securities a year, will use technology from IBM and blockchain start-ups R3 and Axoni. Work on the project...

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Dear Mr. Trump: Please Don't Destroy the CFPB

01/09/17

The persistent opposition to the Consumer Financial Protection Bureau Â-- which has been fierce since day one Â-- has been puzzling, and has been cloaked in misleading arguments about the structure of the agency.

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Why the Big Auditors Should Get 'Systemically Important' Label

01/09/17

The dominance of the sector by the Big Four accounting firms poses its own systemic-risk concerns and prompts questions about how other mega-companies are audited.

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Morning Scan: Wells Fargo's New Pay Plan; Banks Borrow

01/09/17

Wall Street Journal

New deal: Wells Fargo is expected to roll out a new retail banking compensation plan that, according to a bank spokeswoman, "eliminates sales goals, measures performance based on customer experience and adds more oversight and risk" management. The program, which is expected to be unveiled this week, is "an attempt to fix what many believe was one cause of its sales-tactics scandal," the paper said. The plan will focus on customer service, usage...

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Bankruptcy Rule 3002.1: An Unlikely New Weapon Against Debtors

01/09/17

It has been five years since Congress and the U.S. Supreme Court enacted Bankruptcy Rule 3002.1.  Hailed as a victory for homeowners against greedy mortgage banks, the rule was designed to force banks to certify to the court that the homeowner was current in payments at the conclusion of a chapter 13 case.

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Bonanza Creek Energy, Inc. Files for Chapter 11 Protection

01/07/17

On January 4, 2017, Bonanza Creek Energy, Inc. and its affiliated entities (collectively “Bonanza” or the “Debtors”) filed voluntary petitions for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware. The lead case number assigned to the bankruptcy proceeding is No. 17-10015.

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Fintech in 2017: Automation Will Rule

01/06/17

The new year will ring in developments in the ways banks use chatbots and other artificial intelligence, arrange their organizational charts, and produce digital products and services.

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