Bankruptcy Blogs

How Our Next President Can Shrink the Wealth Gap

08/13/15

Homeownership is out of reach for too many Americans. The next president could change that with a few simple policies aimed at encouraging private capital to invest in residential mortgages.

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Morning Scan: Citi Holdings Is No Longer Breaking Bad; SunGard Sale Dissected

08/13/15

Wall Street Journal

Citigroup has made such good progress with Citi Holdings, its "bad bank," that the unit has reported four straight quarters of profit. That was nearly unthinkable for the unit when it was first created, as a way to separate Citi's unwanted and toxic assets from the good part of Citigroup. "We're out of the dark tunnel," says Francesco Vanni d'Archirafi, who runs the unit for Citi. ...

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Bankruptcy Trustee Sues Transportation Head

08/13/15
Transportation Secretary Anthony Foxx testifies before Congress in March 2014. 
Associated Press

A bankruptcy trustee sued U.S.

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More Argentine discovery shenanigans

08/13/15

Much has been going on, although little has actually happened, in the litigation against Argentina. For instance, the court has allowed the plaintiffs to file an amended complaint seeking an injunction blocking payments on the recently-issued BONAR 2024s (USD-denominated, Argentine law bonds).

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Dewey Trial: Who are the Victims?

08/12/15
Shannon Stapleton/Reuters

In criminal trials, prosecutors often want juries to sympathize with the victims.

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Small Banks' Protocol Mentality Keeps Them in the Dark Ages

08/12/15

Some community banks stick with rigid or outdated policies out of habit. That winds up hurting them when customer take their business to financial institutions that use technology to make transactions more convenient.

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CFPB Should Shake a Leg on Payday Loan Rules

08/12/15

The longer the CFPB waits to implement tighter regulations for the payday lending industry, the more Americans will find themselves trapped in a cycle of unaffordable debt.

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Morning Scan: GE Sells Health Care Unit; Sadder But Wiser Bankers

08/12/15

Receiving Wide Coverage ...

The Incredible Shrinking GE: General Electric is shedding financing units at a rapid pace. In its latest move, the company has sold its health-care lending business to Capital One for roughly $9 billion. GE's goal is to unload $100 billion of GE Capital assets by the end of 2015 as it seeks to concentrate on its industrial business, and it's on track to do so with about $78 billion sold thus far. ...

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