Bankruptcy Blogs

Alpha Natural Discloses Payments to Climate Change Skeptic Chris Horner

10/15/15
Photograph (C) Susanne Horner

Bankrupt coal company Alpha Natural Resources Inc. paid lawyer Chris Horner $18,600 before it filed for chapter 11 this summer.

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A Chip Without a PIN Is Asking for Fraud

10/15/15

The U.S. might be ahead of the rest of the world in some areas of security, but when it comes to protecting against credit card fraud, we're way behind.

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Morning Scan: B of A, Wells Fargo Offer Optimism; Square's Starbucks Experience

10/15/15

Receiving Wide Coverage ...

B of A, Wells Offer Hope: After JPMorgan Chase's disappointing third-quarter earnings report, Bank of America and Wells Fargo followed up with some better news. The Charlotte, N.C., and San Francisco banks issued their earnings on Wednesday and each offered some nuggets of promise.

B of A's trading revenue didn't suffer as much as JPMorgan's did. Expenses decreased, thanks in no small part to a decline in legal expenses. The number of charged-off...

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Investor FutureSelect Seeks Liability for Ernst & Young in Madoff Losses

10/15/15

Investment firm FutureSelect wants to hold law firm Ernst & Young liable for $200 million in losses tied to investments with Bernard Madoff, Daily Bankruptcy Review reports via The Wall Street Journal.

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Glass-Steagal: It's the Politics, Stupid!

10/14/15

It was like eight nights of Chanukkah in one for me watching the Democratic debate last night. There was a Glass-Steagal lovefest going on. But here's the thing:  no one seems to get why Glass-Steagal was important or the connection between Glass-Steagal and the financial crisis.

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‘Dance Moms’ Star Indicted on Bankruptcy Fraud Charges

10/14/15
In this May 13 file photo, Abby Lee Miller arrives at the 3rd Annual Reality TV Awards in Los Angeles. Ms.
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Covenant Banking

10/14/15

A new book out by University of Minnesota Law Professors Claire Hill and Richard Painter proposes a really intriguing proposal for disciplining wayward financial services firms: "covenant banking." The problem, as Hill and Painter observe, is that when things go badly at a financial institution, the

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After Four Years, Durbin Amendment Still Failing Consumers

10/14/15

This week marks the fourth anniversary of the "Durbin amendment," a defective law directing the Federal Reserve to impose price-controls on debit interchange fees.

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Morning Scan: JPM's 3Q Revenue Weakness; Reasons for Dismantling GE Capital

10/14/15

Receiving Wide Coverage ...

An Ominous Sign: JPMorgan Chase's third-quarter results do not bode well for the rest of the banking sector. Revenue fell in all of JPMorgan's major businesses, dropping at a faster rate than analysts had projected. Trading was down, as was asset management, mortgage banking, commercial banking and consumer banking. Sluggish results were expected, because of the current interest rate environment, according to the "Heard on the Street" column. Any progress in the...

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Employees of Relativity Television Expected to Remain

10/14/15

Employees of Relativity Television are expected to stay on at the division once the sale of the company goes through, Daily Bankruptcy Review reports via The Wall Street Journal.

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