Bankruptcy Blogs

Women in Banking: Alemany Returns; Citi, Deutsche Add C-Level Women

10/22/15

Great news: Women snagged a handful of C-level titles at big companies this week, including Ellen Alemany, Kim Hammonds and Heather Cox, and Square stands out in Silicon Valley with a leadership team that's 60% women. Bad news: the gender pay gap is growing and there are only two women among Harvard's picks for the top 100 CEOs globally. Also in the news: Blackrock's Cheryl Mills, B of A's Cathy Bessant and ICICI's Chanda Kochhar.

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The Myth of the Disappearing Free Checking Account

10/22/15

A regular trope sounded by opponents of consumer financial regulations is that the regulations have resulted in the disappearance of free checking.

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Where's the Proof that Durbin Failed Consumers?

10/22/15

Industry representatives are howling about the lack of consumer benefit from the Durbin amendment, but we still know very little about the impact of the debit fee cap.

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Troubled Energy Companies Fuel Moody’s Watch List

10/22/15
Associated Press

A Moody’s Investors Service watch list of junk-rated companies is the longest it’s been in more than five years, and the beleaguered oil-and-gas industry accounts for a good chunk of it.

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Don't Let Presidential Bank-Bashing Get You Down

10/22/15

The industry will undoubtedly get bad press in an election cycle, but here is what institutions should do and not do about it.

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Morning Scan: Swiss Banks' Tax-Evasion Secrets; Taxi Lenders' Woes

10/22/15

Breaking News This Morning ...

Earnings: Huntington Bancshares, Iberiabank, Community Bank System Receiving Wide Coverage ...

Thain's Exit: Everyone takes a look at John Thain after he announced his pending retirement as head honcho of CIT Group. Thain's narrative is re-told, as he departed Merrill Lynch with the Wall Street bank in a mess, returned to CIT to implement a turnaround and exited after the crowning achievement of the OneWest Bank acquisition. All the reports mention his successor,...

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Caesars Bondholders Turn Up Legal Pressure

10/22/15

Caesars Entertainment Corp. bondholders are suing for suffering they say they have endured from financial maneuvers between the casino company and its bankrupt unit.Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Puerto Rico: A Flash of Federal Ambition

10/22/15

After months of fielding criticism for standing idly by while Puerto Rico sank under a $72 billion debt heap, the Obama Administration is getting creative. On October 21, the U.S. Treasury, the Department of Health and Human Services, and the National Economic Council released a joint proposal for federal bankruptcy legislation to restructure all of Puerto Rico’s debts.

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Military Prep School in New York to Reopen After Bankruptcy Sale

10/21/15

A historic New York prep school whose famous alumni include presidential hopeful Donald Trump is preparing to reopen after a bankruptcy judge on Wednesday approved the nearly $16 million sale of its campus.

The 126-year-old New York Military Academy, lcoated in the Hudson Valley, is expected to reopen on Nov. 1 under the guidance of new owners, academy president Anthony Desa told Bankruptcy Beat Wednesday.

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Replace Those Aging Core Systems Now

10/21/15

So many banks are running systems that were implemented before 1984, the year Mark Zuckerberg was born. TheyÂ're going to be dead meat in the age of real-time connectivity in the near-free world of todayÂ's mobile Internet.

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