Bankruptcy Blogs

Struggling Concert Promoter SFX Looks to Restructure Debt

12/01/15
The Chemical Brothers perform on day 1 of the Electric Zoo EDM festival at Randall
Robert Altman/Invision/Associated Press

Concert promoter SFX Enterta

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Saving the Financial World from Ruin Is Actually a Good Thing

12/01/15

It is wrong to claim the Federal Reserve's proposal requiring "total loss-absorbing capacity" will perpetuate the "too big to fail" problem. Indeed, it is just the opposite.

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Morning Scan: U.K. Banks Pass Stress Tests; Banks Up Benefit

12/01/15

Receiving Wide Coverage ...

U.K. Stress Test Results Are In: U.K. banks passed the Bank of England's stress tests — albeit without flying colors — reducing the pressure on the institutions to hold more capital. Overall, the U.K. banking industry appears prepared to meet all the requirements due by 2019, the Wall Street Journal reports, including more stringent requirements regarding risks in trading and mortgage books. Despite the celebratory notes of the Bank of England's announcement,...

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CFPB Director Cordray Responds to Complaint-Portal Story

11/30/15

Richard Cordray, the director of the Consumer Financial Protection Bureau, takes issue with American Banker 's recent story about errors in the agency's complaint database.

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TRID Will Annoy Millennials, Not Entice Them

11/30/15

With the Consumer Financial Protection Bureau's disclosure rule potentially slowing down the loan process, institutions need to focus on communication strategies to keep young borrowers at the closing table.

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Morning Scan: Brazilian Banker Arrested in Petrobras Scandal; Wells Fargo Probed

11/30/15

Receiving Wide Coverage ...

Brazilian Bank CEO Jailed: The chief executive of Brazil's largest independent investment bank has resigned after being arrested last week. Andre Esteves left his post at the helm of BTG Pactual, the Wall Street Journal reports. Esteves is the bank's controlling shareholder and also served as chairman. The Brazilian banker has found himself caught up in investigations regarding corruption at the state-controlled oil company Petroleo Brasileiro (Petrobras). His resignation follows a decision...

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Luminant Buys Two NextEra Power Plants

11/30/15

NextEra Energy Inc. said Friday it has agreed to sell two Texas natural gas power plants to Energy Future Holdings Corp.’s Luminant unit for $1.59 billion. Read the story in The Wall Street Journal.

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How to Avoid Credit Card Interest, Penalties and Fees

11/29/15

how-to-avoid-credit-card-interestHave you ever opened your credit card statement only to find that despite last month’s payment, your unpaid balance has actually increased because of credit card interest, penalties or fees?

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Student Loan Interest Accruing Faster than Garnishment Limits?

11/29/15

The New York Times recently ran a very sad, if extreme and unrepresentative, story of student loan debt. There's lots one can say about the article, but two points really jumped out at me. 

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Glass-Steagall Is Campaign Finance Reform

11/29/15

The financial wonkosphere just doesn't get it about Glass-Steagall.  Pieces like this one by Matt O'Brien concentrate on the questions of whether Glass-Steagall would have prevented the last crisis or whether it is better than other approaches to reducing systemic risk.  That misses the point entirely about why a return to Glass-Steagall is so important.

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