Bankruptcy Blogs

Cybersecurity expertise is helping more women get board seats, as is the British government; MUFG Union's Stephen Cummings calls for faster progress on the diversity front; JPMorgan's Eileen Serra announces a new mobile wallet called Chase Pay; and Deustche's Susan Skerritt shares some leadership lessons.

More than half the major U.S. retailers that have for filed bankruptcy since 2005 ultimately shut down, according to a study from AlixPartners advisory firm.

The authors found roughly 55% of bankrupt retailers never reopened and compared that rate with a separate study that found that non-retailers liquidate in bankruptcy less than 5% of the time.

Energy Future Holdings Corp. battled in court Wednesday in a bid to defeat bondholder demands for some $460 million in interest, Daily Bankruptcy Review reports.

Receiving Wide Coverage ...

Deutsche Bank Gets a Trim: After reporting a heavy 6 billion euro loss for the third quarter, Deutsche Bank announced it will cut jobs over the next two years. Deutsche will shed 9,000 full-time jobs, 6,000 external contractors and 20,000 other positions, according to the Wall Street Journal. In total, the bank employs around 100,000 people. The job cuts are part of a plan that the bank called "Strategy 2020," which should...

One look at the industry's C-suite makes it obvious that banks need to mirror demographic shifts far better and faster.