Bankruptcy Blogs

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.

[more]

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.

[more]

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. ...

[more]

SunEdison Investigation Request Delayed

04/25/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37700638/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37700638/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37700638/smartcrop?height=853&width=1280" caption="The headquarters of SunEdison is shown in Belmont, Calif." credit="Reuters" placement="Inline" suppressEnlarge="false" ]

[more]

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.

[more]

Next Week in Bankruptcy

04/22/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-NP655_SANBER_P_20160418181909.jpg" J="//si.wsj.net/public/resources/images/BN-NP655_SANBER_J_20160418181909.jpg" M="//si.wsj.net/public/resources/images/BN-NP655_SANBER_M_20160418181909.jpg" credit="Patrick T. Fallon/Bloomberg News" placement="Inline" suppressEnlarge="false" ]

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

[more]

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.

[more]

Morning Scan: Feds Limit Bank Pay, CFPB to Curb Arbitration Clauses

04/22/16

Receiving Wide Coverage ... Wall Street's Pay Crackdown: Regulators have put forth a proposal to revamp how bankers are paid, a long awaited response following the 2008 financial crisis. Caught firmly in the crosshairs of the newly proposed rules are bonuses. The highest-paid employees at banks would need to wait at least four years to receive portions of their annual pay, and individuals who make risky choices that lead to losses could be forced to returnÂ...

[more]

Solar Power Company SunEdison Enters Bankruptcy

04/22/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37927767/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37927767/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37927767/smartcrop?height=853&width=1280" credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

[more]