Bankruptcy Blogs

What It Takes to Be One of the Best Banks to Work For

08/25/15

If you want your bank to be one of the best to work for, you can pick up a lot of pointers from those in our third annual ranking.

[more]

Junk Bond Market Says This Correction Is Different from 2008

08/25/15
Getty Images

On Monday, bond investors may have said we-told-you-so, but they also tacitly gave investors

[more]

Banks Only Hurting Themselves by Shunning Alternative Lenders

08/25/15

Marketplace lenders and other alternative finance companiesshould be perceived not as a threat, but rather as a group of pioneers opening up opportunities for those banks that elect to buy, build or partner in this market.

[more]

Show Bank Customers You Feel Their Pain

08/25/15

Many community banks seem to have forgotten that they are most valuable for their ability to identify customers' pain and put an end to it. But fierce competition from fintech startups like Lending Club and Kabbage offers a reminder that they cannot afford to disregard this reality.

[more]

Morning Scan: Stock Market Rout Shows Two Sides of Dodd-Frank; Vatican's AML Cop

08/25/15

Receiving Wide Coverage ...

Dodd-Frank's Good and Bad Sides: Monday's stock market meltdown offered up a case study in how Dodd-Frank has helped banks and how it's hurt banks. The market madness also cast serious doubt on the Fed's plans to raise interest rates next month.

On the positive side for Dodd-Frank, banks have been forced to build up their defenses because of the law and they should be much better equipped to weather the storm of...

[more]

Relativity Media Faces Pushback on Sale Hearing Timeline

08/25/15

An affiliate of Elliott Management wants to delay Relativity Media LLC ‘s sale hearing, Daily Bankruptcy Review reports via The Wall Street Journal.

[more]

Furniture Brands International – 93 Additional Preference Claims Filed

08/24/15

Since the time of my last post, Alan D. Halperin, the Trustee of the FBI Wind Down, Inc. Liquidating Trust has filed 93 more preference complaints.  Because the Debtor filed for bankruptcy on September 9, 2013, the Trustee has only two more weeks to file any additional preference complaints.

While we cannot be certain that these are the final preference complaints that will be filed in this case, the clock is ticking.

Prior posts about FBI:

[more]

ATM Fees Drag Down People on Public Assistance

08/24/15

Families that use state-issued EBT cards often face ATM fees that eat away at their already-meager incomes. Banks should waive those fees in order to ensure that all public assistance dollars go toward household needs.

[more]

Banks Leave Investors in Dark on Exposure to Market Turmoil

08/24/15

Some large U.S. banks are likely to be impacted by recent volatility in emerging markets like Brazil and China. But their opaque risk metrics make it difficult for investors to judge banks' level of exposure.

[more]

Morning Scan: Global Stock Sell-Off Puts Rate Hike in Doubt; Student-Lending Woes

08/24/15

Receiving Wide Coverage ...

Global Market Crisis: The massive stock market sell-off that began on Friday (the Dow Jones Industrial Average's worst Friday in more than five years) continued Monday morning, with global markets tanking on a wide range of concerns. Time will tell whether comments made by traders are overblown, but a money manager in Germany told Bloomberg, "Everyone seems to be selling off, and there's panic. There's no rational choice anymore, no rational reaction."...

[more]