Bankruptcy Blogs

Magnum Hunter Learns From Sabine Ruling

03/18/16
Sue Ogrocki/Associated Press

The influence of a New York court’s 

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You'll Never Get Real Oversight of the CFPB This Way

03/18/16

House Financial Services Committee members asked CFPB Director Richard Cordray tough questions this week Â-- but they let their own theatrics trump substance, using their time to berate the CFPB chief rather than engaging in substantive discussion.

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Next Week in Bankruptcy

03/18/16

On Monday in Santa Ana, Calif., the publisher of the Orange County Register will ask a bankruptcy judge to approve its sale to Tribune Publishing Co. for $56 million in cash.

Tribune has been a mainstay in Freedom Communications Inc.’s bankruptcy from the early days of the proceeding, but a new civil antitrust lawsuit from the Justice Department could block the sale.

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The Case for a CFPB Commission

03/18/16

Creating a bipartisan commission to manage the Consumer Financial Protection Bureau will make the agency's rules longer-lasting and place needed checks on the director's authority.

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Morning Scan: Big-Bank Stocks Stay Cheap; Moynihan: Big Is Good

03/18/16

Wall Street Journal When fears hit a fevered pitch last month that the Federal Reserve could opt to enact sub-zero interest rates, the big-five banks Â-- Bank of America, J.P. Morgan Chase, Citigroup, Goldman Sachs and Morgan Stanley Â-- traded at a remarkably cheap average valuation of 0.66 times book value. But after the Fed on Wednesday announced that it would not only raise interest rates but do so at a slower pace than was otherwiseÂ...

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Venoco Files for Bankruuptcy

03/18/16
Andrey Rudakov/Bloomberg

Oil and gas exploration company Venoco Inc. filed for chapter 11 protection with $500 million to $1 billion in debt.

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Recheck the Math on Reverse Mortgages

03/17/16

Tara Twomey is just a keen observer of the consumer finance world, and she recently alerted me to a trend. Reverse mortgages are being aggressively hawked as a valuable financial planning tool, and the media is picking up the story. Even the reverse mortgage industry rag is excited at its publicity rash.

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Women in Banking: Whoa, Nandita Bakhshi; Is JPM Ideal for Women?

03/17/16

Nandita Bakhshi will become CEO of the $76 billion-asset Bank of the West, and a study finds JPMorgan Chase is the most ideal bank for women. Still, it seems as if lip service lives on when it comes to gender diversity, even where Dodd Frank is concerned. Would contentious SEC nominee Hester Peirce change that? Also, how job sharing could help more women rise through the company ranks.

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Fewer Community Banks = More Risk in System

03/17/16

Consolidation is increasing risk to the Federal Deposit Insurance Corp. while reducing diversification in the industry.

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