Bankruptcy Blogs

Women in Banking: B of A's "Bros Club;" Fed Diversity Push

05/20/16

A female executive sues Bank of America, accusing the company of being a "bros club" and paying her less than male colleagues; Democrats call on the overwhelmingly "white and male" Fed to prioritize diversity; Goldman, which lags when it comes to female leadership, names a new CEO for its bank unit, coincidentally swapping in a man for a woman. Also, Ruth Porat, chief culture officers, and the stubborn gender pay gap.

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Breitburn Energy Wins Approval on Bankruptcy Financing

05/20/16

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50 Cent Nears Bankruptcy End With $23.4 Million Payout Plan

05/19/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37403914/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37403914/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37403914/smartcrop?height=853&width=1280" caption="In this Oct. 26, 2015, file photo, Curtis '50 Cent' Jackson arrives at Media's Tribute to African-American Achievements in Television in Beverly Hills, Calif. The rapper got an initial nod form a judge on his bankruptcy plan." credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

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Growth Plans Are a Bad Response to Weak ROE

05/19/16

Banks need to be self-critical in evaluating a growth strategyÂ's chance of success while realizing that itÂ's hard to rebound from a growth failure.

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Beware (and Understand) Corporate Borrowers' Climate Risk

05/19/16

The financial services sector would benefit from companies Â-- banks included Â-- submitting dedicated disclosures on the impact of climate change.

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PROMESA observations

05/19/16

After taking a look at titles III and VI of the new draft, some quick observations:

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Morning Scan: Google, Which Banned Payday Loan Ads, Is a Payday Loan Investor

05/19/16

Wall Street Journal

Google last week said it planned to ban advertising from payday lenders, in a bid to offer protection to its consumers from predatory loans. Oh by the way, Google is an investor in the payday lender LendUp. Google has been involved in every equity round that LendUp has staged, via its parent company's venture capital arm. LendUp has raised a total of $150 million in debt and equity, making it one of Silicon...

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PROMESA amusement

05/19/16

I'm still working through the new draft of the PROMESA bill, which readers will recall provides new restructuring options for US territories (including Puerto Rico, of course). But I have to say I got a chuckle out of proposed section 303(3), which provides:

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Caesars to Give Bankrupt Operating Unit $4 Billion

05/19/16

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FDIC's Sudden Concern with Insurance Limit Makes No Sense

05/18/16

Requiring banks to improve records on which depositors are insured overlooks how the Federal Deposit Insurance Corp. resolves failures.

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