Bankruptcy Blogs

Judge Upholds Judgment Against Rennert and Renco

08/24/15

A judge upheld a multimillion-dollar judgment against Renco Group and leader Ira Rennert, Daily Bankruptcy Review reports via The Wall Street Journal.

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Boomerang Systems, Inc. Formation Meeting Scheduled

08/23/15

In the Boomerang Systems, Inc. bankruptcy proceeding (Delaware Bankruptcy Case No. 15-11729), a formation meeting has been scheduled for Thursday, August 27, 2015 at 10:00 a.m. (ET) at the J.

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Next Week in Bankruptcy

08/21/15
Rapper 50 Cent exited a New York courthouse last month after testifying in a sex tape lawsuit.
Brendan McDermid/Reuters

Though he’s not exactly known for

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What Detractors Miss About Prepaid Cards

08/21/15

Prepaid cards appeal to a growing percentage of the population like millennials and other 21st century consumers who want to manage their money without being tied down to bank locations.

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Morning Scan: FDIC Sues Three Banks; Marketplace Lenders' Achilles Heel

08/21/15

Wall Street Journal

JPMorgan Chase has hired a recently retired general as senior adviser. Gen. Raymond T. Odierno will offer the bank advice on cybersecurity as well as the physical risks involved in operating in a range of countries. The paper reports that Ordierno served in the Persian Gulf and Iraq wars and worked closely with Gen. David Petraeus on the 2007 military surge in Iraq. ...

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U.S. Government Settles With Altegrity in Whistleblower Suit

08/21/15

The federal government reached a settlement with Altegrity Inc. worth at least $30 million over a whistleblower lawsuit, Daily Bankruptcy Review reports via The Wall Street Journal.

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Women in Banking: Tellers' Wage War; PE's Bid for Female Talent

08/20/15

Poorly paid tellers get a boost from Amalgamated Bank; Nasdaq might be getting a female CEO; parent-friendly business trips as a new PE recruitment tool, and Fidelity's Kathleen Murphy on the benefits of mentoring. Plus, motorcycles, sushi chefs and Stephen Colbert.

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Here's Why Hurricane Katrina Still Matters to Bankers

08/20/15

There's nothing like a natural disaster to make people realize how important insurance is to the banking industry.

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