Bankruptcy Blogs

Look to Health Care for Inklings of Banking's Future

07/13/15

The health care system is riddled with excess capacity, huge legacy costs, out-of-control expenses and regulations even more onerous than those in banking. And just as in banking, high-tech startups are shaking up the system.

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Rapper 50 Cent Files for Bankruptcy

07/13/15
50 Cent arrives at the Billboard Music Awards at the MGM Grand Garden Arena in Las Vegas, held this May.
Associated Press

Curtis James Jackson III, the rapper better k

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Signal International Files for Bankruptcy With Labor Lawsuit Deal

07/13/15

Signal International LLC filed for chapter 11 bankruptcy protection Sunday to deal with lawsuits accusing it of labor trafficking involving citizens of India recruited to work in the U.S. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Can Banks and Fintech Call a Truce? Weekly Wrap

07/10/15

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including ideas about how to improve disclosure requirements and ways to encourage banks and young tech firms to join forces.

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Next Week in Bankruptcy

07/10/15
Caesars Entertainment Corp.’s Caesars Palace hotel and casino in Las Vegas.
Jacob Kepler/Bloomberg News

Monday in Chicago, Caesars Entertainment Operatin

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Enforcing BSA Rules by Roulette Imperils New Industries

07/10/15

Federal prosecutors are cracking down on violations of the Bank Secrecy Act Â-- often without first clarifying to virtual currency firms and other industries the sort of behavior will get them in trouble.

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Morning Scan: U.K.'s 'London Whale' Hunt Off; U.S. Data Breach Tally

07/10/15

Receiving Wide Coverage...

Calling Off the 'Whale' Hunt: At least in the U.K., the London Whale is off the hook. The U.K. Financial Conduct Authority said it will drop its investigation of Bruno Iksil, the Frenchman at the center of the fiasco in which JPMorgan Chase lost $6.2 billion on bad bets on derivatives. The Authority's internal panel of independent experts decided that it didn't have enough evidence to pursue a strong case. So, the Authority...

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Baha Mar’s U.S. Employees Could Go Unpaid Friday

07/10/15
Construction of the Baha Mar resort on the beach on New Providence island, Bahamas, July 2014.
Baha Mar

Bahamas resort developer Baha Mar Ltd.’s 60-plus

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The Supreme Court, the Fair Housing Act and the Racism Debate

07/09/15

The Supreme Court made a noteworthy contribution to the crescendo in our national conversation about race in its recent Texas v. ICP Fair Housing Act decision.

The Court affirmed that the Fair Housing Act prohibits not only explicit racial discrimination, but also policies and practices that have the effect of excluding or harming racial minorities.

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Women in Banking: Pelosi vs. Warren; Erdoes: Teach Kids Value Investing

07/09/15

Pelosi is not amused by some of Warren's rhetoric, Warren continues her battle against Wall Street and the SEC's White, and JPMorgan's Erdoes talks about her childhood lessons in value investing, in our latest roundup of the news about women in banking.

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