Bankruptcy Blogs

Are Big-Bank Bailouts a Necessary Evil? Weekly Wrap

07/17/15

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including ways to make megabanks pay for their Â"too big to failÂ" subsidy and how banks can help put an end to human trafficking.

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50 Cent’s Bankruptcy Storms the Internet

07/17/15

This week on The Broke and the Beautiful, 50 Cent’s bankruptcy has stormed the Internet.

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Faster Payments: Is There a Business Case?

07/17/15

The Federal Reserve System has embarked on a project of exploring the possibility of faster retail payments in the United States.  A similar move has occurred with the UK Payments Council.  At the same time, the Electronic Payments Network is rolling out a faster version of ACH.

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50 Cent Blames Bankruptcy on Expensive Lawsuits

07/17/15
An April file photo of 50 Cent at the Okecie airport in Warsaw, Poland.
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How Banks Can Help Stop Human Trafficking

07/17/15

Financial monitoring is one of the most effective ways to identify human traffickers. That's why it's crucial that banks work closely with law enforcement officials to put a stop to this criminal activity.

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Next Week in Bankruptcy

07/17/15

Baha Mar Ltd., the bankrupt developer of a $3.5 billion unopened resort in the Bahamas, will go before two courts Monday—one in the U.S. and one in the Bahamas.

The Supreme Court of the Bahamas will consider whether to recognize the company’s U.S. bankruptcy filing, a decision that could finally give the company access to $80 million in bankruptcy financing from company owner Sarkis Izmirlian. But the prime minister of the Bahamas said Thursday that the government will oppose that request and force it into a Bahamian court proceeding.

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Morning Scan: Yellen Open to Higher SIFI Threshold; Has Citi Turned a Corner?

07/17/15

Receiving Wide Coverage ...

Marketplace Lenders in Treasury's Sights: Greater regulation may be coming to the buzz-filled world of marketplace lending. The Treasury Department has begun a study of the industry's risks and advantages, which could lay the groundwork for rules down the line. The New York Times says Treasury's announcement of the study strikes a "largely supportive tone," expressing interest in the industry's potential to expand credit access for underserved demographics. But the Treasury's desire...

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Dish Wins in Lawsuit Over Bid for LightSquared

07/17/15

A judge on Thursday handed a win to Dish Network Corp. Chairman Charlie Ergen and the company’s board of directors in a shareholder lawsuit over Dish’s 2013 bid for bankrupt wireless venture LightSquared. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Ex-Billionaire Sam Wyly Angles to Publish Immigration Book

07/16/15
Sam Wyly’s wife, Cheryl, wipes his coat as the pair walk into court in Manhattan on May 6, 2014.
Associated Press

In the good ole days before Texas busin

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Women in Banking: Blythe Masters On Board at Santander

07/16/15

Blythe Masters scores one for women in the boardroom, the Fed's Sarah Bloom Raskin is leading a campaign to declassify cyber security info for banks, and Yellen is still at odds with Congress Â-- but at least "the ecomomy doesn't stink."

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