Bankruptcy Blogs

Recent M&A Deals Suffer from Overly Rosy Projections

01/04/16

Unlike the bargain-heavy aftermath of the crisis, acquisitions during the recovery have been hampered by high premiums and unsatisfactory returns.

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Morning Scan: No Flowers from Trump; Masters' Fundraising Woes

01/04/16

Wall Street Journal

Presidential contender Donald Trump doesn't have a public record to analyze, but he does have a business record. The Journal, in its analysis of that record, shows Trump at his weakest, and his most heartless, in his dealings with Citigroup. In 1990, Trump's Atlantic City-fueled debt load was about to get the best of him, according to Citi banker Robert McSween. Trump arrived at Citi's office one night, upon being summoned to work...

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Swift Energy Files for Chapter 11 Bankruptcy

01/04/16

Swift Energy Co. filed for bankruptcy in the last hours of 2015, capping months of struggles to address more than $1.2 billion in debt. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Swift Energy Co., Shale Oil Driller, Files for Chapter 11 Bankruptcy in Delaware

01/04/16

Swift Energy Co. (“Swift”) has become the latest U.S. shale driller to file for Chapter 11 bankruptcy, filing a voluntary petition on December 31, 2015.  Swift pumps oil in the Eagle Ford Shale in South Texas and in Louisiana fields.

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A Plan to Help the Poor with Cheaper Remittances

01/01/16

Dilip Ratha, an economist at the World Bank, shows how the power of a simple remittance sent from one family member to another could be magnified to improve the lives of poor people.

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Two Cheers for Fannie and Freddie Synthetic CDOs

12/31/15

My ears perk up whenever I hear the musical words "synthetic collateralized debt offering". (Bill Bratton and I did write the paper on history of these crazy things, after all....) So, it was with interest that I read a Wall Street Journal editorial decrying Fannie Mae and Freddie Mac's use of synthetic CDOs to transfer credit risk on mortgages to the private market through the STACR and Connecticut Avenue programs.

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Anti-Trump Super PAC Airs Radio Ad in New Hampshire

12/31/15
Donald Trump acknowledges the crowd before addressing supporters at a campaign rally in Grand Rapids, Mich., on Dec.
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FASB Chief Is Dead Wrong on Small Banks' Role in Crisis

12/31/15

Recent comments by Russell Golden, chairman of the Financial Accounting Standards Board, raise questions about the board's plans to change bank accounting standards.

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Greg Norman Hedge Fund Bids on Nabi Maker Fuhu

12/31/15

Great White Shark Opportunity Fund LP, a hedge fund founded by Austrlian golf star Greg Norman, made an 11th-hour bid Wednesday for Fuhu, the producer of the Nabi kids tablet. The $10 million bid beats an offer from children’s toy giant Mattel Inc. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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