Bankruptcy Blogs

Systemic Rules Magnify Regional Banks' Risk

09/17/15

Not only do rules imposed under the Dodd-Frank Act threaten regional banks' lending capabilities, they could actually wind up increasing risk to the financial system.

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Morning Scan: Waiting for the Fed's Rate Reveal; Bitpay Hacked for $1.8M

09/17/15

Receiving Wide Coverage ...

Fed Watch: The financial world is on tenterhooks over the outcome of today's Federal Open Market Committee meeting. Some of Wall Street's most prominent leaders are betting the Federal Reserve will opt to hold off raising short-term interest rates, according to the Wall Street Journal. "I wouldn't do it," Goldman Sachs chief executive Lloyd Blankfein tells the paper, citing subpar wage growth and inflation rates as factors likely to delay a rate...

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KKR’s Samson Resources Enters Chapter 11

09/17/15

Oil and gas producer Samson Resources LLC, which was taken over by KKR & Co. in a leveraged buyout in 2011, filed for bankruptcy protection, The Wall Street Journal reports.

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The Epic Saga of a Mythical Museum

09/16/15
Emilia Clark as Daenerys Targaryen in “Game of Thrones,” courtesy of HBO.
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Millennials May Be Entitled — But Banks Need Them Anyway

09/16/15

When people talk about the issues that now imperil community banks, they focus on things like low net interest margins and excessive regulations. But it's a dearth of young talent that could wind up dooming small banks.

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Bankers May Not 'Get' Millennials, But They Need Them

09/16/15

When people talk about the issues that now imperil community banks, they focus on things like low net interest margins and excessive regulations. But it's a dearth of young talent that could wind up dooming small banks.

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Don’t Fall Prey to Illegal and Immoral Behavior by Debt Buyers

09/16/15

debt buyerIf you have never heard the term “debt buyer,” you might be amazed to learn that large companies exist solely for the purpose of buying and selling consumer debt. These companies buy and sell billions of dollars of debt. Some are part of public companies that trade shares of stock on stock exchanges.

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Alabama Bankruptcy Judge Retires From the Bench

09/16/15

Thomas Bennett, the judge who oversaw the $4.1 billion bankruptcy of Jefferson County, Ala., has retired from the court and taken a job at a law firm, the latest retirement in a noticeable judicial exodus.

Mr. Bennett, 66 years old, joined Bailey Glasser LLP as a partner last month, bringing his expertise in municipal bankruptcy, mediation and complex commercial litigation. He plans to work out of the firm’s Washington, D.C., office.

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Regulators Should Let Banks Get Back to Small-Dollar Loans

09/16/15

Small installment loans with monthly payments limited to 5% of a borrower's income offer a way for banks to serve low-income customers' credit needs while turning a profit.

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Morning Scan: Banks Team Up on Blockchain; Ex-Spies in Cybersecurity

09/16/15

Receiving Wide Coverage ...

United by the Blockchain: Nine of the world's largest banks are joining forces to bring blockchain technology into the financial services fold. Banks including JPMorgan Chase, Goldman Sachs and Credit Suisse will back a start-up called R3CEV with the goal of establishing protocols and standards for blockchain use. The consortium will also work to develop "a platform that could handle the billions of dollars worth of transactions that occur in the financial...

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