Bankruptcy Blogs

Morning Scan: Big Quarter for Goldman; Visa CEO Steps Down

10/18/16

Breaking News This Morning ...

Goldman's earnings soar: Goldman Sachs's third quarter earnings jumped 47% versus the year-ago period as trading revenue rose 17%. The bank earned $2.09 billion, or $4.88 a share, easily beating analysts' estimates of $3.82 a share. A year earlier it earned $1.43 billion, or $2.90 a share. Revenue rose 19% to $8.17 billion from $6.86 billion, well above Street forecasts of $7.42 billion. Return on equity climbed to 11.2%, up from...

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Lien Stripping in Bankruptcy

10/17/16

On October 11, 2016, Chief Judge Brendan L. Shannon of the Delaware Bankruptcy Court issued a letter ruling in which he opined on the appropriate valuation of a fist lien.  A copy of the Opinion is available here.

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The Business Case for Diversity

10/17/16

The demographics of our country are changing. If businesses arenÂ't figuring out a way to change, too, they risk being left behind.

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Enough Already. Money-Market Funds Aren't Shadow Banks

10/17/16

As a result of the SEC's latest reforms, today's money-market funds are very different products than their precrisis predecessors. Calls for additional layers of burdensome regulation over this industry are unwarranted.

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Morning Scan: B of A Beats; Is Wells Doing Enough?

10/17/16

Breaking News This Morning

B of A beats: Bank of America reported earnings of $4.96 billion, or 41 cents a share, for the third quarter, compared to $4.62 billion, or 38 cents a share, in the same period of 2015. That beat analyst estimates of 34 cents a share. Revenue rose about 3% to $21.6 billion, beating Street forecasts of $20.97 billion. Receiving Wide Coverage ... ...

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United States Trustee Meeting Room Change

10/16/16

According to the United States Bankruptcy Court for the District of Delaware’s website, the meeting room for the United States Trustees has been changed from the second floor room 2112 to the third floor room of 3209 in the J. Caleb Boggs Federal Building, 844 N King Street, Wilmington DE 19801. The change went effective October 4th, 2016.

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Small Banks and Marketplace Lenders: Unions in Waiting

10/14/16

Community banks need profit and diversification opportunities, while marketplace lenders may find mergers to be the easiest route into the banking system.

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Jevic Could Be the Most Consequential Chapter 11 Decision in Many Years

10/14/16

The U.S. Supreme Court will hear the case of Czyzewski v. Jevic Holding Corp. during the new term that began last week.  The questions it presents are relatively simple.  First, can a bankruptcy court, in dismissing a case under the U.S.

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Eastern District of North Carolina Issues Order in Wake of Hurricane Matthew

10/14/16

hurricane-floodinghttp://www.bankruptcylawnetwork.com/wp-content/uploads/Hurricane-Floodin... 539w, http://www.bankruptcylawnetwork.com/wp-content/uploads/Hurricane-Floodin... 620w" sizes="(max-width: 300px) 100vw, 300px" />The Bankruptcy Court for the Eastern District of North Carolina has issued an order est

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