Bankruptcy Blogs

Three Fintech Reforms the Government Must Champion

06/30/16

Attendees at the recent White House fintech summit shined a spotlight on shared innovation challenges. To overcome them and help the U.S. make progress in financial services, we need to embrace these three regulatory reforms.

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Morning Scan: Stress Tests Round Two; GE Capital No Longer a SIFI

06/30/16

Receiving Wide Coverage ...

Everybody breathe: That could have gone a whole lot worse. The Federal Reserve unveiled the results of the second part of its annual stress tests on Wednesday and just two banks failed – the U.S. units of Deutsche Bank and Banco Santander had their capital plans rejected. Both are repeat offenders that have had trouble with the exams in the past. ...

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Synthetic Grass Maker AstroTurf Enters Chapter 11

06/30/16

[wsj-responsive-image P="//art.wsj.net/api/photos/27217755/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/27217755/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/27217755/smartcrop?height=853&width=1280" caption="Residents of the Morro da Mineira favela play in the newly installed soccer pitch powered by player's footsteps, in Rio de Janeiro, Brazil, on Sept. 10, 2014.

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Too Many Crypto Coin Crowd Sales Could Crowd Out True Innovators

06/29/16

The cryptocurrency ecosystem operates on the fringes of tradition, with "initial coin offerings" announced, discussed and carried out largely via online forums and without regulation. The phenomenon is high-risk and should be treated as such.

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Higher Ed Law Firm Takes on Bankruptcy Trustees in Tuition Battles

06/29/16

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The law firm that has bailed colleges and universities out of NCAA athletic-compliance trouble is getting dragged into the bankruptcy courtroom, where fights are increasingly breaking out over tuition payments.

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Credit Scores Aren't Enough. It's Time for Financial Health Scores

06/29/16

Credit scores are useful in predicting the likelihood of whether someone will repay a loan. However, banks and others need to provide customers with another number that more accurately assesses their financial health.

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Morning Scan: More Stress Ahead ... From the Fed and Brexit

06/29/16

Receiving Wide Coverage ...

Big day: Banks could use some good news this week, but it remains to be seen whether there's any in sight. On Wednesday, the Federal Reserve will release the second part of its annual stress tests, which could prove a bright spot for some banks. The exams will determine how much capital they can return to shareholders through buybacks or dividends. ...

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McKinsey Ordered to Reveal Client Roster

06/29/16

Consulting giant McKinsey & Co. was ordered to turn over its client roster in a win for turnaround guru Jay Alix, who accused the firm on not following bankruptcy rules. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Hensarling Bill Gives Credence to 'Capital Is King'

06/28/16

The legislation to reform the Dodd-Frank Act promotes the idea that the best defense against another crisis is simpler, higher capital requirements, not prescriptive regulations.

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