Bankruptcy Blogs

Presidential candidates' arguments to stop the Federal Reserve from paying interest on banks' excess reserves betray a poor understanding of monetary policy and why the Fed began the practice. Here's why.

Eric Fisher and Lindsay Bush have has joined Binder & Schwartz as a partner and associate, respectively. Mr. Fisher and Ms.

Receiving Wide Coverage ...

Fed Holds Steady: In its first meeting of 2016, the Federal Open Market Committee chose to keep interest rates the same, as expected, but the central bank did not rule out future increases. The FOMC post-meeting statement conveyed concerns about global growth and the state of financial markets. To some observers, that indicates the Fed's view of the economy has worsened since it hiked rates in December, according to the New York...

On January 26, 2016, the Delaware Bankruptcy Court denied Debtors Noble Logistics Inc., et al.’s (“Debtors” or “Noble Logistics”) motion for summary judgment on their objections to the claims filed by Richard Maximo individually, and on behalf of the Putative Class.  The claims were filed in the amounts of $188,014.13, and $61,292,607.17, respectively (the “Maximo Claims”). A link to the opinion can be found here.

The combination of falling stock prices, higher-risk strategies and signs of worsening credit quality does not bode well for the industry's road ahead.