Bankruptcy Blogs

Will Your Workplace Work for Millennial Employees?

08/29/16

Millennials came of age in the wake of the Great Recession and have developed a hardened skepticism about banks. For banks to attract them as employees, it's going take more than a promise of work-life balance.

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Morning Scan: Goldman, Morgan Stanley Widen Their Nets

08/29/16

Wall Street Journal

Different strokes: As trading revenues shrink and more stringent regulations and higher capital requirements pinch their top and bottom lines, Goldman Sachs and Morgan Stanley "have turned to more basic banking businesses, betting that the cachet of their brand names can overcome relative lack of experience in dealing with the deposits and loans of middle-class Americans." ...

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Reclamation Claims and Lien Priority

08/26/16

On August 24, 2016, Judge Mary F. Walrath of the Delaware Bankruptcy Court overruling an objection to claim for reclamation.   The decision was issued in the Reichold Holdings US, Inc. Bankruptcy (Case No. 14-12237) in the Delaware Bankruptcy Court.  A copy of the Opinion is available here.

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There Are Real Reasons to Bring Back Glass-Steagall

08/26/16

The endorsement of Glass-Steagall in the recent party convention platforms reaffirmed the powerful hold that the principle of separating commercial and investment banking has on the public imagination.

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Morning Scan: Barclays Cuts Back; Marketplace Lenders' Woes

08/26/16

Wall Street Journal

More sales at Barclays: Barclays is ready to announce three separate asset sales as it trims its balance sheet. The British bank is expected to announce the completion of the sale of its Italian retail business in the next few days, followed soon after by its Iberian credit cards unit and its Egyptian franchise. ...

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Disarming Holdouts in Sovereign Debt Restructurings

08/24/16

The pari passu litigation against Argentina—discussed extensively here on Credit Slips, on FT Alphaville, and elsewhere—caused many people to worry that future government debt restructurings would become more difficult.

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Motion for Stay Pending Appeal – Denied in District Court

08/24/16

On August 23, 2016, Judge Sue L. Robinson of the Delaware District Court issued an Order denying an appellant’s motion for stay pending appeal.   The decision was issued in a appeals arising from the Molycorp Bankruptcy (which is docketed, at case 15-11357 in the Delaware Bankruptcy Court).  The appeals are docketed in the District Court as Case Numbers 16-286 and 16-288.  A copy of the Opinion is available here.

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Restoring Glass-Steagall Won't Solve Anything

08/24/16

Discussions around reinstating the Depression-era law are headline-grabbing, but Glass-Steagall has no merit in our current financial environment.

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A Secure Alternative to Screen Scraping

08/24/16

Screen scraping is an out-of-date way to share transaction data with mobile apps and services. It's high time for banks to invest in OAuth, a protocol that lets customers access their financial data in a portal of their choosing and is secure.

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Morning Scan: Reforming the Fed; New Digital Currency?

08/24/16

Wall Street Journal

Arbitration rule comments: The CFPB received nearly 13,000 comments on its proposed rule that would restrict the use of mandatory arbitration clauses and make it easier for consumers to sue banks. The rule would prohibit financial services companies from using the clauses to block class-action suits, although consumers would still be required to use arbitration to resolve individual disputes. The agency is expected to issue a final rule next year after it reviews...

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