Bankruptcy Blogs

Oil and Gas Driller Hercules Offshore Is Back in Bankruptcy

06/06/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-OI577_0606he_P_20160606074133.jpg" J="//si.wsj.net/public/resources/images/BN-OI577_0606he_J_20160606074133.jpg" M="//si.wsj.net/public/resources/images/BN-OI577_0606he_M_20160606074133.jpg" caption="A Hercules Offshore Inc. jackup shallow-water drilling unit stands idle in the Gulf of Mexico. The company just returned to bankruptcy months after a balance-sheet revamping." credit="Bloomberg News" placement="Inline" suppressEnlarge="false" ]

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The Real Fintech Threat Isn't from Startups

06/03/16

Well-established tech giants like Amazon and Google pose a more formidable threat to banks than the thousands of startups populating the fintech market.

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Next Week in Bankruptcy

06/03/16

SunEdison Inc. shareholders will urge a bankruptcy judge on Tuesday to appoint a committee that would look out for their interests during the solar-power giant’s case, arguing that SunEdison management can’t be trusted.

In recent court papers, lawyers for more than 260 investors who own SunEdison’s common stock pointed out that the company’s bankruptcy case might be a rare one in which shareholders recover some money, calling for oversight to ensure that money doesn’t drain unnecessarily.

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Morning Scan: Overheated Auto Lending Sector Worries Dimon; Tougher Stress Tests Coming

06/03/16

Receiving Wide Coverage ...

Auto Loans in the Spotlight: All of those TV and radio advertisements from car dealerships could be coming back to bite the banks making loans for new cars. Speaking about the overheated market for auto lending, Jamie Dimon, CEO of JPMorgan Chase, said "someone is going to get hurt." Not JPMorgan, of course. "It won't be us," Dimon said. Probably community banks. ...

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Judge Says Constitution May Protect Bankrupt Archdiocese

06/03/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-OD714_CHURCH_P_20160523223009.jpg" J="//si.wsj.net/public/resources/images/BN-OD714_CHURCH_J_20160523223009.jpg" M="//si.wsj.net/public/resources/images/BN-OD714_CHURCH_M_20160523223009.jpg" caption="In this May 3, 2016 photo, the St. Paul Cathedral is pictured in St. Paul, Minn."  credit="Jim Mone/Associated Press" placement="Inline" suppressEnlarge="false" ]

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Five EMV Myths the Card Industry Wants You to Believe

06/03/16

The Electronic Payments Coalition's arguments supporting Visa in its legal battle with Walmart are not based in fact.

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Warren Resources Enters Chapter 11

06/03/16

[wsj-responsive-image P="//art.wsj.net/api/photos/31191863/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/31191863/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/31191863/smartcrop?height=853&width=1280" caption="Denver-based oil company Warren Resources filed for bankruptcy after reaching a deal with GSO Capital Partners." credit="Reuters" placement="Inline" suppressEnlarge="false" ]

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Lawmakers Oppose Caesars REIT Spinoff

06/02/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-OH549_capito_P_20160602160907.jpg" J="//si.wsj.net/public/resources/images/BN-OH549_capito_J_20160602160907.jpg" M="//si.wsj.net/public/resources/images/BN-OH549_capito_M_20160602160907.jpg" caption="The Capitol Building in Washington, D.C., on March 28. More than a dozen Congress members want to torpedo a big part of the restructuring of Caesars Entertainment Corp.’s operating unit." credit="Michael Reynolds/European Pressphoto Agency" placement="Inline" suppressEnlarge="false" ]

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Women in Banking: How Arbitration Hurts Women; Is the CFO Role 'Women's' Work?

06/02/16

Mandatory arbitration policies are gaining attention as one of the hurdles to gender parity in the financial services industry. Catherine Flax of BNP Paribas is part of a vanguard of female foreign currency traders on Wall Street, though they still stand out in the "bros' club." Is the CFO role the new 'women's' job? Also, Ally's Carrie Sumlin and Wells Fargo's Secil Watson are recognized as Digital Bankers of the Year.

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CFPB Pours Cold Water on Banks' Deposit Advance Hopes

06/02/16

The Consumer Financial Protection Bureau proposal could have included flexibility for banks to offer payday loan alternatives, but the plan misses the mark.

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