Bankruptcy Blogs

Morning Scan: B of A to Pledge $75B to Climate Change Lending; Citi, B of A Shares Lag

07/27/15

Wall Street Journal

Bank of America is one of more than a dozen companies expected to sign an agreement Monday at the White House to address climate change. B of A and others will invest more than $140 billion to reduce carbon emissions. B of A specifically will commit $75 billion through lending and other financing by 2025; it's on top of a previous commitment of $50 billion by B of A. None of the companies...

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MF Global Parent to Get Brokerage’s Litigation Rights

07/27/15

MF Global’s brokerage will give pending litigation against its leaders to its parent company in a new deal that will let it almost fully pay its unsecured creditors. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Dodd-Frank Haters Club: Weekly Wrap

07/24/15

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including recommended reforms to the Consumer Financial Protection Bureau and Ripple Labs' efforts to work toward a decentralized payments protocol.

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Next Week in Bankruptcy

07/24/15
Mel Evans/Associated Press

The A&P grocery chain is preparing to close about two dozen money-losing stores while searching for buyers to rescue its other locations throughout the Northeast.

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Appellate Court Weighs In on Supermodel Stock Saga

07/24/15
Supermodel Niki Taylor thanked some of the American Red Cross volunteer blood donors in Atlanta in 2013. An appeals court upheld a ruling in a case involving a stockbroker and the allure of Ms.
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The Seven Deadly Pricing Sins of Corporate Banks

07/24/15

Far too many commercial and corporate banks are missing out on a chance to improve profits by scrutinizing their pricing practices and performance.

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Morning Scan: Banks Questioned in FIFA Probe; B of A's Management Shuffle Examined

07/24/15

Wall Street Journal

Federal prosecutors and New York's top banking cop have contacted at least 10 banks for questioning on whether they should have alerted authorities about suspicious money transfers involving FIFA, soccer's world governing body. The U.S. Attorney's office in Brooklyn and has contacted Delta National Bank & Trust in New York, HSBC and Standard Chartered, unnamed sources said. At least three other "major" international banks have also been contacted by the U.S. Attorney but...

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Amended Energy Future Plan Would Give Option for Bondholder Buyout of Oncor

07/24/15

Energy Future Holdings Inc. amended its chapter 11 plan, which would give an option for a bondholder buyout of its Oncor business. The Daily Bankruptcy Review article is available in The Wall Street Journal.

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Women in Banking: JPM's Lake, Google's Porat Take Center Stage

07/23/15

Ruth Porat wows investors in her first earnings call as Google's CFO while Marianne Lake moves a step closer to running JPMorgan's future calls. Elsewhere, Lynn Tilton bids to move her fraud trial to federal court, Janet Yellen hints at support for raising the SIFI bar and Obama gets ready to nominate another woman for Fed governor.

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