Bankruptcy Blogs

Wall Street Journal

Financial firms are using words such as "grim" to describe the trading environment during the first quarter, typically a very active period on Wall Street trading desks. Some analysts predict Wall Street's five biggest banks will report trading revenue of $19.1 billion for Q1, down 16% from a year ago. They see the quarter mirroring the discouraging final months of 2015, when worries over economic growth and commodities prices caused trading activity and...

Risk is building in nonbank companies that are closely linked with regulated institutions but that have not faced the kind of stiff rules imposed on banks since the financial crisis.

Receiving Wide Coverage ...

Goldman Going Robo: Goldman Sachs Group will buy Austin, Texas-based Honest Dollar, an online retirement-savings startup. Honest Dollar, which launched in 2015 and raised $3 million in seed funding, targets small-business employees and self-employed individuals who don't have access to traditional employer-sponsored savings plans. The company offers investment portfolios with average expense ratios of 0.1% a year and charges companies a flat monthly fee of $8 to $10 an employee. It is...

Christopher Updike has joined law firm Debevoise & Plimpton and will be counsel in the firm’s business restructuring and workouts practice. Mr. Updike, who will work out of the New York office, represents debtors, creditors, lenders in others in chapter 11 bankruptcy and workouts outside of court. He also has represented clients in industries including airlines, gaming, health care and mining. Most recently, Mr.