Bankruptcy Blogs

Receiving Wide Coverage ... Sentenced: Rohit Bansal, an ex-Goldman Sachs banker, has been sentenced to probation for taking confidential documents from a source inside the New York Fed. Bansal has dodged the year in prison he faced and will instead serve two yearsÂ' probation, do 300 community service hours and pay a $5,000 fine. Under a settlement with the New York State Department of Financial Services, Goldman reached a settlement in the case. It paid $50Â...

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Receiving Wide Coverage ... RIP Andy Grove: Silicon Valley tech legend and former Intel CEO Andy Grove has died, Intel announced Monday. He was the companyÂ's first hire in 1968 and cemented his place in Silicon Valley history by transforming Intel into the largest chip-making company in the world. Grove, who was 79 at the time of his death, battled Parkinson's disease for many years. The cause of his death has not been disclosed. Wall StreetÂ...

The Roman Catholic Diocese of Gallup, N.M., on Monday unveiled a $22 million reorganization plan, the bulk of which will be used to compensate 57 clergy sexual-abuse victims.

The plan, filed Monday with the U.S. Bankruptcy Court in Albuquerque, N.M., lays out how the diocese expects to repay its creditors, the vast majority of whom say they were sexually abused by the diocese’s clergy decades ago.