Bankruptcy Blogs

Wall Street Journal

Conflict or no conflict?: Heather Russell, the former general counsel at Fifth Third Bancorp, said she was fired after less than a year at the bank following her disclosure of a romantic relationship with Timothy Mayopoulos, Fannie Mae's chief executive officer. When she was let go last month, the bank said it was based on "a personal matter" that represented "a conflict of interest." Russell, told the Wall Street Journal she "never had...

The emergence of lenders that have no real connection to a geographic area prompts questions over how the Community Reinvestment Act's "good neighbor" policy can continue.

The DAO heist and subsequent reversal of funds on the Ethereum blockchain demonstrate why developers and miners of public blockchains should have more accountability.

Receiving Wide Coverage ...

Barclays settles again: Barclays Bank agreed to pay $100 million to settle charges by 43 states and the District of Columbia that it tried to manipulate the London interbank offered rate thereby defrauding government entities and nonprofits out of millions of dollars. The settlement comes roughly four years after the British bank paid $450 million to settle similar claims brought by federal and British authorities. Wall Street Journal, New York Times ...

The biggest change in banking in the last 60 years is the shift in balance sheets from business lending to real estate finance and therefore more risk tied to volatile real estate prices.