Bankruptcy Blogs

De-risking can be curbed with tools that help lower the cost of complying with anti-money-laundering rules but do not sacrifice the effectiveness of controls.

Wall Street Journal

In another attempt to prevent taxpayer-funded bailouts of large banks, the Fed is scheduled to vote today on proposal related to derivative contracts.

Hedge funds and asset managers like Pacific Investment Management Co. would lose their contractual right to terminate financial contracts with big banks. As it currently stands, asset managers can terminate contracts with a bank if the bank files for bankruptcy, and the asset manager doesn't have to get in line with...

On May 1, 2016, BIND Therapeutics, Inc., and affiliated companies (“Debtors” or “BIND”) voluntarily filed for bankruptcy protection under Chapter 11 of the Bankruptcy Code.

The filing comes days after the Cambridge, Mass., company received a notice of default from lender Hercules Technology III LP, which demanded immediate payment of the $14.5 million the lender says it is owed under the loan.  The Company is backed by Koch Industry Inc.’s David Koch.

Jason J. DeJonker has joined law firm Bryan Cave in Chicago as a partner with the bankruptcy, restructuring and creditors’ rights group, where he will work on litigation related to corporate bankruptcy, creditors’ rights and mergers and acquisitions. Mr. DeJonker has worked on chapter 11 cases, prebankruptcy workouts and debtor-in-possession, or DIP, financing. He also has worked with clients in the real estate and finance industries.

Even if the Financial Stability Oversight Council fixes flaws in its process for designating "systemically important" companies, that doesnÂ't solve everything the council needs to achieve its mission.