Bankruptcy Blogs

Banks Key to Determining Success of Paris Climate Deal

04/21/16

The Paris Agreement on limiting the rise in global temperatures opens up new lending opportunities related to low-carbon projects while highlighting an array of new risks for financial institutions.

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Banks Don't Have to Kill Legacy Systems to Be More Agile

04/21/16

Traditional banks are not likely to match the nimbleness of a fintech startup for a whole variety of reasons. But that doesn't mean all is lost.

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Timing in Bankruptcy Cases

04/21/16

As in lots of things, timing can be everything.  Timing is important in music, comedy, athletics, you name it.

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Having Right Culture Is Even More Critical in a Merger

04/21/16

There are countless considerations banks face when joining another institution, but blending two distinct organizational philosophies into a healthy culture must be a top priority.

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New Jersey Abortion Clinic Files for Bankruptcy

04/21/16

A New Jersey abortion clinic has filed for bankruptcy after losing a legal battle with several former employees who said they were fired after becoming pregnant.

Pilgrim Medical Center Inc. filed for chapter 11 protection after a judge awarded more than $1 million to three ex-workers who sued the clinic for discrimination.

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Morning Scan: Deutsche's Big-Data Fraud Approach, BlackRock's SIFI Struggle

04/21/16

Wall Street Journal

"One Firm Getting What It Wants in Washington: BlackRock." That's the head on a piece in the Journal that looks at how the largest asset manager (by far) has worked the system to avoid the SIFI designation (for now).

Venture funding for lending startups has dried up during the first quarter of 2016 ($298 million vs. $832 in the last quarter of 2015), and Silicon Valley is now putting its money behind firms that...

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New Gulf Wins Approval of Chapter 11 Plan

04/21/16

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New Gulf Resources LLC won approval of its chapter 11 plan, which will let it get rid of $590 million in debt. Read the Daily Bankruptcy Review article here.

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Bigger Role for Internal Auditors Would Slash Risk of Big Banks

04/20/16

Continued doubts over ending "too big to fail" should force managers to elevate underappreciated staff whose job is to attack oncoming risks.

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How to Keep Credit Flowing Under CFPB's Payday Plan

04/20/16

To tackle alternatives to payday lending, regulators and the industry should consider these three ideas for pilot programs instead of the Consumer Financial Protection Bureau trying to fix what it cannot.

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Morning Scan: Goldman Sachs' Pain; N.Y. Voters Don't Trust Wall Street

04/20/16

Receiving Wide Coverage ... GoldmanÂ's Revenue Tumble: It was a tough first quarter for Goldman Sachs, as the companyÂ's net income dropped 56% to $1.2 billion on major declines in investment banking and its bond-trading unit. Perhaps the bankÂ's only solace may be knowing that itÂ's not alone. JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo reported total revenues of $98 billion for the quarter. ThatÂ's 9% lower than last year,Â...

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