Bankruptcy Blogs

Receiving Wide Coverage ...

BofA's Stress Test Stress: Bank of America cleared a major hurdle Thursday, as the Federal Reserve announced it had approved the bank's resubmitted capital plan. As a result, the bank can continue its annual dividend and stock buyback. The regulatory OK was a huge relief to the company's executives, including chief Brian Moynihan, who had been working for months to remedy issues in coordination between units, according to the New York Times....

Voya Management Investment Co. filed a racketeering lawsuit over a $1.8 billion loan to Millennium Heath LLC.Read the Daily Bankruptcy Review article via The Wall Street Journal.

JPMorgan Chase's Eileen Serra is giving up her CEO title (for a very interesting reason); CIT Group's Ellen Alemany is getting to work sooner than expected with a big housecleaning; and Meredith Whitney resurfaces with an insurance company. Plus, inclusion confusion, the "Person of the Year" (it's a woman for the first time in 29 years), and Saudi Arabia.

Receiving Wide Coverage ... Walmart Enters Mobile Payments: The retail giant will begin the rollout of its own mobile payments services, placing it squarely in competition with the likes of Apple and Samsung. The system, called Walmart Pay, will be integrated into Walmart's mobile app. To make a payment, consumers will open the app and use a camera feature to scan a QR code at the register, which will connect payment cards on file to completeÂ...