Bankruptcy Blogs

Sanctions? In Delaware Bankruptcy Court? Yes

04/25/16

– But they weren’t as oppressive as my subject line may imply.

In a 13 page decision, released April 22, 2016, Judge Gross of the Delaware Bankruptcy Court granted a motion to dismiss an adversary proceeding and sanctioned the Plaintiff – disallowing any further litigation against the defendants in the Bankruptcy Court.  Judge Gross’ opinion is available here (the “Opinion”).

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Living Wills Only Work If Regulators Are Psychic

04/25/16

The core problem with the living wills, as with other tools in the Dodd-Frank Act to end Â"too big to fail,Â" is that they are by definition an attempt at predicting future events.

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Coming and Going Concerns

04/25/16

David Flannery has joined GSO Capital Partners, Blackstone’s global credit investment platform, as a senior managing director. Mr. Flannery, who will be based in New York, most recently worked with Anchorage Capital Group. He has experience in illiquid credit opportunities and collateralized loan obligations, or CLOs.

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How Far Will RICO Probes of Online Lenders Go?

04/25/16

Recent prosecutions against lenders accused of usury violations will test the government's use of a law more commonly known in organized crime cases.

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Morning Scan: Are Banks Really TBTF?; Swift Security Update

04/25/16

Wall Street Journal

So what if banks are too big to fail? Deposits at the big four commercial banks grew 2.1% to $.2 trillion in the first quarter – welcome news for banks despite a year-over-year decrease. Though their gains in deposits aren't quite enough to counter some of the more grim details of their first-quarter earnings, they show that the very least, depositors aren't fed up with the too-big-to-fail institutions. ...

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SunEdison Investigation Request Delayed

04/25/16

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Flashback: When Electronic Banking Was 'Taking Hold'

04/22/16

Long before daily talk of fintech, blockchain and APIs, the number of U.S. banking customers who used at-home services once amounted to the population of a small suburb.

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Next Week in Bankruptcy

04/22/16

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The city of San Bernardino, Calif., could get one step closer on Wednesday to getting out of bankruptcy after nearly four years.

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Women in Banking: #TheNew20, Muriel Siebert and Female CEOs

04/22/16

Muriel Siebert once said each woman has to fight a different fight for the greater progress of women. Putting a woman on the new $20 bill is surely progress, but it's also controversial. And there is still a tremendous gap with female bank CEOs, as well as architects and venture capitalists. Also, Sheila Bair and U.K. regulators talk about how to "fix" the financial system and why it doesn't necessarily require more work on the regulatory front.

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