Bankruptcy Blogs

Next Week in Bankruptcy

04/15/16

Republic Airways Holdings Inc. on Thursday will ask a Manhattan judge for permission to use a hotly contested bankruptcy loan from Delta Air Lines as well as seek approval for a settlement with the airline.

Thursday’s hearing, before Judge Sean Lane, was pushed back by a week after a group of shareholders expected to go empty-handed in the restructuring sought more time to review the airliner’s recently struck deal with Delta.

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Morning Scan: Dems Debate Bank Breakups; Bonus Rules Expected

04/15/16

Breaking News This Morning ...

Earnings: Citigroup, Regions Receiving Wide Coverage ...

Candidates on Banking: Democratic presidential candidates Hillary Clinton and Bernie Sanders' debate Thursday night in Brooklyn touched on how to best control the banking industry. While Clinton said she would remain faithful to the Dodd-Frank financial overhaul law, which requires banks to develop credible bankruptcy plans for themselves or leave it to regulators to cap the size of the firm, Sanders said fraudulent practices on Wall...

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Overzealous Fincen Needs More Oversight

04/15/16

Congress should consider placing restrictions on the Financial Crimes Enforcement Network as the agency targets foreign banks it deems money laundering risks.

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Goodrich Petroleum Files for Bankruptcy

04/15/16

[wsj-responsive-image P="http://si.wsj.net/public/resources/images/BN-NG632_OFFERC_P_20160325112934.jpg" J="http://si.wsj.net/public/resources/images/BN-NG632_OFFERC_J_20160325112934.jpg" M="http://si.wsj.net/public/resources/images/BN-NG632_OFFERC_M_20160325112934.jpg" caption="A natural gas burnoff flare ignites on a Goodrich Oil Company field on the Burns Ranch near Dilley, Texas on Tuesday, January 3, 2012. Oil and natural gas companies often burn excess natural gas that is coincidentally extracted from oil rig fracking.

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Puerto Rico Restructuring Options That Don't Rely on Congress

04/15/16

The revised draft PROMESA bill (available here) is now under debate in Congress. The bill appears to respond to some early criticisms, although its length and complexity obscures answers to some important questions. Under the circumstances, it seems sensible for the Commonwealth to consider all of its options, including those that do not require Congressional action.

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Women in Banking: Working Moms, Helen Morrissey and Amy Domini

04/14/16

Wells Fargo plans to offer parental leave for the first time, and working moms in financial services report higher salaries but less family time than their peers in other industries. Newton Investment Management's Helena Morrissey spearheads a United Nations climate change initiative targeting women on boards and RBC's Linda Mantia experiments with using the blockchain to improve the customer experience. Also, Amy Domini, Ranjana Clark and Phyllis Borzi.

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Women in Banking: Working Moms, Helena Morrissey and Amy Domini

04/14/16

Wells Fargo plans to offer parental leave for the first time, and working moms in financial services report higher salaries but less family time than their peers in other industries. Newton Investment Management's Helena Morrissey spearheads a United Nations climate change initiative targeting women on boards and RBC's Linda Mantia experiments with using the blockchain to improve the customer experience. Also, Amy Domini, Ranjana Clark and Phyllis Borzi.

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Puerto Rico: PROMESA draft bill, title III revised

04/14/16

I again offer some initial thoughts on the revised draft bill, now subject to much debate in Congress:

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CFPB's Payday Rule Poses Real Danger to Lenders

04/14/16

Rather than rush its proposal to regulate short-term lenders, the Consumer Financial Protection Bureau should carefully weigh the consequences of potentially driving lenders out of the market.

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