Bankruptcy Blogs

Voya Sues Over Millennium Loan

12/11/15

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.

[more]

Protests Halt Forum With Detroit Bankruptcy Judge

12/10/15
A man protests outside at Wayne State University before an event to discuss Detroit a year after the city’s exit from bankruptcy takes place Wednesday.
[more]

Women in Banking: Farewell, Serra; Hello Again, Alemany and Whitney

12/10/15

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.

[more]

It's OK to Tell Creditworthy Borrowers a Loan Is a Bad Idea

12/10/15

The best commercial lenders take enough interest in their clients to speak up when they see credit as not serving the long-term success of a company.

[more]

What Banks Can Learn from Nobel Economics Winner

12/10/15

Angus Deaton's efforts to improve understanding of poverty have helped opened the door to financial services firms meeting the market demands of the world's poor.

[more]

Morning Scan: Walmart Debuts Mobile Pay; Banks Slow on Blockchain Technology

12/10/15

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...

[more]

LightSquared Nixes Lawsuit Against U.S. Government

12/10/15

LigtSquared LLC, formerly LightSquared Inc. and fresh out of bankruptcy protection, dismissed its lawsuit against the U.S. government. Read the Daily Bankruptcy Review article via The Wall Street Journal.

[more]

Is Banking Industry on the Verge of a Talent Crisis?

12/09/15

Several CEOs hitting the magic age of 63 have chosen to sell their institutions, suggesting a dearth of younger executives waiting in the wings.

[more]