Bankruptcy Blogs

Receiving Wide Coverage ... Goldman Faces Scrutiny for Malaysian Hire: Goldman Sachs hired the daughter of an ally of the Malaysian prime minister while it was seeking to do business with the government investment fund. The woman in question, Anis Jamaludin, worked for the bank for three months, though there are discrepancies as to the exact dates of employment. She was hired when the bank was seeking business from 1Malaysia Development Bhd while her father wasÂ...

Not only are widening credit spreads for both banks and the companies they lend to a red flag, but the financial sector is also feeling a hit from lower energy prices.

Receiving Wide Coverage ...

U.K. Court Orders Banks to Pay Tax on Bonuses: The U.K.'s highest court ordered UBS and Deutsche Bank to pay taxes on shares given to employees more than a decade ago as bonuses. The decision occurred in two separate cases as British authorities argued in the court that the banks' bonus strategy was designed to avoid taxes. The two banks had awarded shares to employees from 2003 to 2004 in one-off bonus...

Film studio Relativity Media LLC pushed back a key hearing that was scheduled for Wednesday that would allow remaining objections to its bankruptcy plan to be heard. The Wall Street Journal has the Daily Bankruptcy Review article here.

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50 Cent admitted to his bankruptcy judge that the cash he posed with on social media pictures is fake.