Bankruptcy Blogs

U.S. Penalizes Bank Over Rothstein Ponzi Scheme

02/25/16

The U.S. imposed a $4 million civil money penalty on a Florida private bank for anti-money laundering compliance failures, including delays in filing reports relating to a $1.2 billion Ponzi scheme run by jailed attorney Scott Rothstein.

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Women in Banking: Could Silicon Valley Foster Wall St. Diversity?

02/25/16

Tech giants like Intel and Apple are doing more business with women- and minority- owned underwriters; Christine Lagarde has five more years at the IMF; and why Lehman Sisters might not have failed. Plus, are girls getting a bad rap from dictionaries and bad counsel from parents?

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The Next Crisis Will Come; Is Your Bank Ready?

02/25/16

Preparing for the inevitable future credit crisis by setting aside more loss reserves is a step toward avoiding government bailouts.

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Olive Garden Megabanks Will Lose to True Community Banks

02/25/16

Community banks can't win on size, but their values give them an upper hand in competing against cookie-cutter megabank branches.

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The Financial Lives of Undocumented Immigrants

02/25/16

We know little about the financial lives and credit constraints of undocumented immigrants, partly because they are such a difficult to reach population. But Slips contributor Nathalie Martin gained access to this population in Albuquerque, New Mexico, interviewed 50 immigrants, and recently published a paper that provides an important glimpse into how this population handles money and finances.

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Morning Scan: Banks Cop to Energy Woes; Regulators Warn Against Russian Deal

02/25/16

Receiving Wide Coverage ... Preparing for an Energy Bust?: The list of banks coming to terms with the downturn in the energy industry has grown rapidly in the past week. Wednesday, Wells Fargo reported in a regulatory filing that it set aside $1.2 billion in reserves for potential oil- and gas-related loan losses. It's far from alone: JP Morgan disclosed Tuesday a $44 billion total exposure to the energy industry, nearly three-quarters of which is unfunded.Â...

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U.S. Unit of Abengoa files for Chapter 11 Protection

02/25/16
Marcelo del Pozo/Reuters

Abengoa Bioenergy US Holding LLC, a U.S. unit of renewable-energy company Abengoa SA, filed for bankruptcy protection.

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Fifth Circuit Report: Oct.-Dec. 2015

02/24/16
The Fifth Circuit decided cases dealing with appellate procedure, exemptions, judicial estoppel, jurisdiction, sanctions, standing and surcharging collateral during the fourth quarter of 2015.  A common theme among the cases is parties being disappointed in a variety of contexts, including having an appeal dismissed on procedural grounds, having a lawsuit dismissed based on incomplete filings in a bankruptcy case, losing exem
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