Bankruptcy Blogs

Credit Suisse Ordered to Pay Hedge Fund Over Real Estate Deal

09/08/15

A judge on Friday said Credit Suisse must pay a unit of Highland Capital Management $287.5 million over a soured real-estate loan, a win for James Dondero’s hedge-fund firm in its multipronged fight against the Swiss bank over luxury developments, The Wall Street Journal reports.

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Five Things Bank Boards Can Do to Create Healthy Cultures

09/08/15

Regulators are insisting that bank boards take responsibility for corporate culture. That's no cause for alarm, so long as directors are prepared to take ownership of the issue.

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Morning Scan: B of A Fights Effort to Strip Moynihan; Bank Stocks Tank

09/08/15

Wall Street Journal

Bank of America is fighting back against the effort to strip CEO Brian Moynihan of his chairman title. The struggle between Moynihan and shareholder groups to keep the two roles separate isn't new; JPMorgan Chase's Jamie Dimon mounted a successful defense in 2013.

What makes Moynihan's situation different is how B of A handled it. Activist investors, proxy advisory firms and institutional investors like the California Public Employees' Retirement System want to yank the...

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Can Better Bank Data End Racial Disparities? Weekly Wrap

09/04/15

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including demands for more transparency on banks' small-business lending and why the average American should care about the GSE investors lawsuit.

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Fannie-Freddie Lawsuit Should Matter to the Masses

09/04/15

Every consumer with a 401(k), retirement account or brokerage account ought to care about whether the government has the right to unilaterally amend a companyÂ's operating agreement.

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Morning Scan: Jobs Data Could Tip Scales on Rate Hike; Diversity in Tech

09/04/15

Editor's note: Morning Scan will not publish on Monday, Sept. 7 in observance of the Labor Day holiday. We'll be back on Tuesday, Sept. 8. Receiving Wide Coverage ...

A Very Important Jobs Report: Bankers are among the many holding their breath for Friday's job report, which is expected to play a big role in the Federal Reserve's decision about whether to begin raising interest rates in September. The latest numbers indicate the economy added 173,000 jobs...

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Patriot Coal Reaches Money-Saving Deal With Labor Union  

09/04/15

Patriot Coal Corp. averted a bankruptcy showdown with its miners on Thursday after the union representing its workers and the company’s proposed suitor agreed on a new employment pact, The Wall Street Journal reports. The deal still needs a vote of approval from union members.

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Howry Creditors Commitee Appeals Decision Providing Priority Status to Landlords

09/04/15

In a prior post, we discussed the ruling of the Northern District of California Bankruptcy Court in the In re Howrey LLP case, whereby the Court found that claims for unpaid rent of landlords of an involuntary debtor were entitled to priority status. Recently, the creditors’ committee in the Howrey bankruptcy case appealed the decision.

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Sovereign Debt Through the Lens of Consumer Debt

09/03/15

Sovereign debt has traditionally been contrasted with corporate debt. Unlike corporations, sovereigns are immune from suit and asset seizure. Unlike corporations, sovereigns can't reliable promise a lender that it will have seniority over other lenders. Unlike corporations, sovereigns can't access bankruptcy. These and other distinctions drive much of the policy and academic thinking about sovereign debt.

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‘Collide’ Backers Hope to Cut Ties with Relativity

09/03/15
Actor Nicholas Hoult visits the Infiniti Red Bull Racing garage during qualifying for the Canadian Formula One Grand Prix in Montreal in June.
Mark Thompson/Getty Images

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