Bankruptcy Blogs

It's Anyone's Guess How Fincen Determines Fines

03/09/16

There is an urgent need for the Financial Crimes Enforcement Network to bring its process for issuing civil money penalties and cease-and-desist orders in line with the other bank regulators.

[more]

The Case for Banks to Use Open, Public Blockchains

03/09/16

In focusing on private blockchains, banks make the same mistake companies made in the nineties when they favored private information networks over the open protocols of the Internet.

[more]

Morning Scan: Investment Banking Revenues Drop; SoFi's New Hedge Fund

03/09/16

Receiving Wide Coverage ... Investment Banking Income Plunges: Ahead of first quarter earnings, Citigroup has warned of declines in revenues for investment banking. Citigroup chief financial officer John Gerspach said at an investor conference that the bankÂ's investment banking income would be down roughly 25% from last year, while fixed income and equities trading revenues would drop about 15%. Citi is not the only bank prepping for less-than-thrilling quarterly results: the head of JPMorgan ChaseÂ's corporateÂ...

[more]

Judge Says Sabine Can Reject Pipeline Contracts

03/09/16
Reuters

Sabine Oil & Gas Corp. won approval to reject pipeline cont

[more]

Sports Authority Files for Bankruptcy – Formation & 341 Meetings Scheduled

03/08/16

On March 2, 2016, each of the seven debtors which collectively comprise Sports Authority filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code. The cases are jointly administered under Case No. 16-10527 before the Honorable Mary F.

[more]

Rick Ross Defends His ‘In Da Club’ Remix

03/08/16
Rick Ross speaks during a press conference on Feb.
[more]

Puerto Rico: More Views, Including on the Role of the Obama Administration

03/08/16

Watch here at 1pm ET to see former Treasury official Brad Setser, now senior fellow at the Council on Foreign Relations, talk about Puerto Rico (along with Cate Long, Dick Ravitch, and Aaron Kuriloff).

[more]

Six Video Teller Mistakes to Avoid

03/08/16

Hailed as a space- and cost-saver, interactive video teller machines don't always succeed as a strategy. Many banks offer them without a clear business case to justify the investment.

[more]

Will the Blockchain Replace Swift?

03/08/16

Supplanting a 50-year-old interbank network with the technology tied to bitcoin sounds provocative. Here's why it's not that crazy.

[more]

Morning Scan: Wall Street Bonuses Drop; JPM Says No to Coal

03/08/16

Receiving Wide Coverage ...

Wall Street's Bonus Bummer: 2015 was a disappointing year for Wall Street employees expecting bigger bonuses. The average bonus paid in the securities industry dropped to $146,200, its lowest level since 2012 and 9% off the previous year's average, according to a report from New York State Comptroller Thomas P. DiNapoli. The bonus pool itself contracted 6%, to $25 billion. This occurred despite a modest 2.7% rise in employment in the sector,...

[more]