Bankruptcy Blogs

The Newest Threat for Community Banks: Illiquid Bonds

06/23/16

Smaller institutions have added steadily to their holdings of securities that, while earning them a higher return, are more difficult to trade or liquidate.

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Morning Scan: Tough Talk from Lawsky's Successor

06/23/16

Receiving Wide Coverage ...

No boots: She might not be "Clint Eastwood," but she's about to get pretty familiar with the good, the bad and the ugly when it comes to banking.

Maria Vullo, the top financial regulator in New York, warned the banking industry Wednesday that she has no intention of going "easy on serious misconduct." The comments were part of her first public remarks since assuming the role, after being confirmed by the state Senate...

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Oi Seeks Bankruptcy in U.S.

06/23/16

[wsj-responsive-image P="//art.wsj.net/api/photos/38007492/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/38007492/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/38007492/smartcrop?height=853&width=1280" caption="The logo of Brazil's largest fixed-line telecoms group Oi is seen inside a shop in Sao Paulo October 2, 2013. Oi SA on April 25, 2016, formally started talks to restructure $14.3 billion of bonds, pitting some of the world's biggest investors against each other as Brazil's most-indebted phone carrier fights for its survival.

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Premier Exhibitions Floats Sale of Titanic Items

06/22/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-OP454_titani_P_20160622153644.jpg" J="//si.wsj.net/public/resources/images/BN-OP454_titani_J_20160622153644.jpg" M="//si.wsj.net/public/resources/images/BN-OP454_titani_M_20160622153644.jpg" caption="A photograph of the Titanic in Belfast in a family album." credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

The Titanic is sinking again—but this time, some of its trinkets might be saved in advance.

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Banks Should Be Optimistic About Their Fintech Future

06/22/16

Contrary to doom-and-gloom attitudes of some about banks' ability to compete for millennials' business, the industry will build on its history of innovation to meet the technology needs of future customers.

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If Past Is Prologue, Regulators Hear Small-Bank CECL Concerns

06/22/16

Evidence that regulators consider institution size when evaluating accounting compliance should encourage banks worried about the new loan-loss reserving standard.

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Morning Scan: Yellen's Not Out of the Hot Seat Yet

06/22/16

Receiving Wide Coverage ...

Shaky at best: If you're looking for definitive answers on the state of the economy, best consult your local fortuneteller.

Federal Reserve Chair Janet Yellen gave current economic conditions a mixed review before the Senate Banking Committee on Tuesday, citing "considerable uncertainty." Wall Street Journal, New York Times, Financial Times, Washington Post ...

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Gawker Challenged by Hulk Hogan Over Sale

06/22/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37390531/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37390531/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37390531/smartcrop?height=853&width=1280" credit="Steve Nesius/Associated Press" placement="Inline" suppressEnlarge="false" ]

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Gallup Diocese Clergy Abuse Settlement Approved

06/22/16

The Roman Catholic Diocese of Gallup, N.M., on Tuesday won court approval of its plan to compensate clergy sexual abuse victims, paving the way for it to exit bankruptcy.

Following a hearing at the U.S. Bankruptcy Court in Albuquerque, N.M., Judge David Thuma signed off on the $25 million plan, which is largely funded by contributions from the diocese, insurance carriers, parishes and sales of the diocese’s property.

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Commentary: In Chapter 11 Disclosure, No Firm Is Above the Rules

06/22/16

The retention of a professional firm in a chapter 11 case, while requiring some thoughtful and perhaps tedious work, is incredibly straightforward. There are long established standards that are intended to protect the integrity of the proceeding and form the fabric of chapter 11 cases. The successful adjudication of a bankruptcy case requires many building blocks, with process and transparency being two of the most critical.

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