Bankruptcy Blogs

Energy Future Says Oncor Buyout a No-Go

04/29/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-NT906_ENERGY_P_20160428163322.jpg" J="//si.wsj.net/public/resources/images/BN-NT906_ENERGY_J_20160428163322.jpg" M="//si.wsj.net/public/resources/images/BN-NT906_ENERGY_M_20160428163322.jpg" caption="Charles Walker is silhouetted against an overcast sky Tuesday, Feb. 7, 2012, attaching wires to one of two replacement transformers on a power pole in Nacogdoches, Texas." credit="Daily Sentinel/Associated Press" placement="Inline" suppressEnlarge="false" ]

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Women in Banking: B of A's Youngest Activist; The Fed on Fintech

04/28/16

A ninth-grader challenges Bank of America's CEO; the San Francisco Fed has a lot of interest in fintech; FinCEN's Jennifer Shasky Calvery is leaving, possibly for a banking job; Wells Fargo's Secil Watson talks up a new biometrics option; and Sallie Krawcheck appreciates Carla Harris' career advice. Plus, Kelly Ripa and the 49ers.

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Roscoe’s to Propose Bankruptcy-Exit Plan by Oct. 1

04/28/16

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The company behind Los Angeles’s iconic Roscoe’s House of Chicken and Waffles restaurants has promised to come up with a plan by Oct. 1 that explains its path out of bankruptcy.

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Four Innovation Lab Do's and Don'ts

04/28/16

Success rates vary wildly for innovation labs, but some basic principles increase a bankÂ's chances of the incubation process leading to viable product expansion.

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Fintech Patent Trolls Can't Be Allowed to Win

04/28/16

Innovation in financial services faces a hurdle in the narrow, short-term profit motives of predatory patent trolls. Here is what startups can do to ward off attacks.

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Morning Scan: Online Lenders' Legal Woes; What's New at Goldman

04/28/16

Wall Street Journal

Goldman Sachs is looking at adding banking services for its online deposit-taking platform, including checking accounts and electronic-bill payments. Whether it would issue debit cards or paper checks, though, remains to be seen (it could well stick to its savings accounts, though, and it's not interested in pushing into credit cards). "We are focused on integrating the platform, ensuring its smooth functioning and delivering high levels of customer service," a Goldman spokesman said....

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Spain’s Abengoa Wins Chapter 15 in U.S.

04/28/16

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Spain’s Abengoa SA won a U.S. bankruptcy court’s protection despite some objections. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Where Is OCC in Court Battle Over State Usury Limits?

04/27/16

The potentially wide-ranging effects of an appeals court decision in Midland Funding v. Madden could deal a serious blow to preemption under the National Bank Act.

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Yahoo Fights Irish Bank’s Demand for Emails

04/27/16

A fight has erupted in a Delaware bankruptcy court pitting Internet company Yahoo Inc. against officials winding down a failed Irish bank.

On one side are officials overseeing the bankruptcy of the Irish Bank Resolution Corp., a state-backed bank liquidating the remnants of Anglo Irish Bank. The officials want access to an email account created by a man named Abdullah Rasimov that may provide clues to how a former billionaire businessman allegedly stashed assets beyond their reach.

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Morning Scan: Citi Pay Plan OK; FinCEN's Calvery's Next Step?

04/27/16

Receiving Wide Coverage ... Voicing Some Objection: About two-thirds of Citigroup shareholders endorsed the bankÂ's executive pay package in a vote at its annual meeting Tuesday (compared to the 93% average of shareholder support for executive pay packages in the S&P 500 last year). Just 63.6% approved CitiÂ's plan, which proxy advisors strongly discouraged after chief executive Mike Corbat received a 27% raise (to $16.5 million) despite shareholder returns that have lagged that of competitors. Objections to theÂ...

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