Bankruptcy Blogs

Regulators, Don't Drain Dark Pools

09/03/15

Dark pools have a bad reputation these days Â-- but they also reduce the transaction costs of large trades and help provide the market with liquidity. That's why regulators need to ensure these platforms fulfill their intended purpose instead of simply shutting them down.

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Women in Banking: Cover Girl Blythe Masters; Annie Leibovitz's Bank Ads

09/03/15

Blythe Masters talks up the blockchain in a magazine cover story, noted photographer Annie Leibovitz has been hired to shoot portraits of women and entrepreneurs as part of a bank marketing campaign; itÂ'll only be a mere 28 years for women to achieve boardroom parity; and we want to hear about outstanding millennials in banking please.

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Coming and Going Concerns

09/03/15

Sarah Frankel has launched the525group, a recruitment firm for professional services firms in the bankruptcy and restructuring industry. Ms. Frankel, a board adviser at the International Women’s Insolvency & Restructuring Confederation, has also been on the board of the Turnaround Management Association. She has experience as a business development adviser.

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Why Digital Currency Crackdowns Benefit Banks

09/03/15

The Financial Crimes Enforcement Network's enforcement action against Ripple Labs sent a clear message to the cryptocurrency industry about regulators' high expectations for compliance. Such actions will help clear the way for banks to partner with blockchain technology firms down the line.

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Morning Scan: Rocky Transition to Chip Cards; Secrets of Saving

09/03/15

Receiving Wide Coverage ...

Moynihan Under the Microscope: The drumbeat to force Bank of America chief executive Brian Moynihan to give up his additional role as chairman keeps getting louder. The Financial Times reports proxy adviser Glass Lewis is recommending shareholders vote against the board's decision to combine the chairman and CEO role. Major B of A investors including Norges Bank Investment Management and two public pension funds have also come out against the merged roles....

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Furniture Brands International – 94 Additional Preference Claims Filed

09/02/15

Since the time of our last post on August 24, 2015, Alan D. Halperin, the Trustee of the FBI Wind Down, Inc. Liquidating Trust has filed 94 additional preference complaints seeking to avoid and recover alleged preferential transfers pursuant to Sections 547 and 550 of the Bankruptcy Code.

Defenses to a Preference Action

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Retailer of Hawaii Tourist Gear Lays Out Survival Plan

09/02/15
Three native surfers ride their boards with ease at Waikiki Beach, with Diamond Head in the background, Honolulu, Hawaii, 1920s.
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Firm That Recycled Keurig Machines Files for Bankruptcy

09/02/15
Electronics-equipment recycler ZLOOP, which is now in bankruptcy, once tried to find a way to dispose of Keurig machines.
Shannon Stapleton/Reuters

All t

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Failed Bank’s COO Sentenced to 8 Years in Prison

09/02/15

The former chief operating officer and chief credit officer of a California-based bank that went bust must spend more than eight years in prison, a federal judge ruled Tuesday.

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