Bankruptcy Blogs

Dry Bulk Shipper Global Maritime Enters Bankruptcy

09/16/15

Global Maritime Investments Cyprus Ltd., a dry bulk shipper, filed for chapter 11 protection in New York Tuesday to wind down amid an industry downturn. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Just Can't Get Enough

09/15/15

The quest for yield and its effect on the future of chapter 11 cases, over at Dealb%k.

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Judge Questions USA Discounters’ Choice of Bankruptcy Venue

09/15/15
The U.S. Bankruptcy Court in Manhattan
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USA Discounters Ltd., a retailer that has been accused of scamming U.S.

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Give Digital Wallets a Cut of Interchange Fees

09/15/15

Apple Pay, Google Wallet and other platforms have the potential to change consumers' payments habits. If retail payment networks want to keep their brands visible, they might need to consider giving these platforms a slice of the interchange pie.

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After Woerner, Courts Look for "Good Gambles"

09/15/15

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DOJ Must Prove Commitment to Ending 'Too Big to Jail'

09/15/15

Criminal charges don't scare big banks anymore. Perhaps the Justice Department's fresh commitment to threatening top executives with prosecution will keep them in line.

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Morning Scan: Preserving Wall Street Chats; Who's Afraid of the DOJ?

09/15/15

Not-So-Secret Chat: A new deal between New York's financial regulator and four big banks aims to preserve government access to the financial institutions' electronic communications. The deal comes ahead of the launch of Wall Street's long-awaited chat and messaging service Symphony, scheduled to roll out Tuesday. Deutsche Bank, Credit Suisse, Goldman Sachs and Bank of New York Mellon will all keep copies of their communications via Symphony for seven years and stash duplicates of decryptionÂ...

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Endeavour Creditors Fight Chapter 11 Dismissal Efforts

09/15/15

Creditors of Endeavour International Corp. are fighting the company’s efforts to get its chapter 11 bankruptcy case dismissed.Read the Daily Bankruptcy Review article here.

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Ultimate Nutrition Settles Dispute With Mr. Olympia Contest

09/14/15
Mr Olympia Phil Heath poses in 2012 in Melbourne, Australia.
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The battle is over between the maker of Ultimate Nutrition prote

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Don't Bank Too Much on a Fed Rate Hike

09/14/15

Even if the Federal Reserve decides to begin raising rates this September, banks are unlikely to get the boost they've been hoping for. That's because pent-up customer demand for attractive yields may force banks to raise deposit rates more quickly than they have projected.

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