Bankruptcy Blogs

Morning Scan: Fed Waffles Over Rate Hike; Case Against Quarterly Reports

08/20/15

Receiving Wide Coverage ...

Fed Hesitates Over Rate Hike: Minutes from the latest Federal Reserve meeting suggest officials are torn over when to go ahead with a rate increase. Some are worried about the slow pace of inflation, which remains well below the central bank's 2% target. China's stock-market declines and the effects of a strong U.S. dollar are also of concern. On the other hand, a substantial number of Fed officials think a rate hike...

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MF Global Creditors Slated for Nearly Full Recovery

08/20/15

The judge in MF Global’s bankruptcy set the stage for a nearly full recovery for creditors, Daily Bankruptcy Review reports via The Wall Street Journal.

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How Marketplace Lenders Will Save Financial Services

08/19/15

Regulated by multiple agencies, marketplace lenders reduce the financial system's leverage, provide greater financial transparency and ultimately deliver a better product to consumers and investors.

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U.S. Shouldn't Take a Back Seat in Global Regulation of Insurers

08/19/15

The Financial Stability Oversight Council has a mandate to designate nonbank financial companies as systemically important based on criteria established by Congress. Its designation decisions should not be pre-determined by the actions of global regulators.

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New personal insolvency laws cover (almost) all of Europe

08/19/15

This summer saw a flurry of legislative activity in Europe with respect to personal bankruptcy.

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Are You Owed Money From a Decades-Old Bankruptcy Case?

08/19/15
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The country’s bankruptcy courts are holding onto money for people who don’t realize it’s theirs.

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Ready for the 'Mad Max' World of Digital Banking?

08/19/15

In this post-apocalyptic world of apps and bots, community banks lay in ruin, fintechs come and go, and megabanks dot the vast desert wasteland.

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Morning Scan: Promontory Settles; BB&T Snaps Up Another Bank

08/19/15

Receiving Wide Coverage ...

Let's Make a Deal: Promontory Financial Group won't be locking horns with New York's financial watchdog in court after all. Promontory on Tuesday agreed to a $15 million settlement with the New York Department of Financial Services and a six-month ban from taking on some new consulting engagements in New York state. The deal resolves allegations that Promontory whitewashed a report on Standard Chartered's sanctions violations and puts a concrete end to...

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Patriot Coal Approved to Poll Creditors on Chapter 11 Plan

08/19/15

Patriot Coal Corp. will soon be able to poll creditors on its chapter 11 bankruptcy plan, Daily Bankruptcy Review reports.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

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