Bankruptcy Blogs

We Tried to Spend $50 at 100 Montaditos. We Failed.

07/06/15
The sandwiches and fries in this picture cost less than $15 total.
Joseph Checkler

Here’s our Yelp review for dinner and drinks at the 100 Montaditos on

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How Banks and Fintech Can Find Common Ground

07/06/15

There are plenty of opportunities for banks to collaborate with the tech startups that are driving rapid change in the financial industry. But first they need to find innovative ways to address systemic challenges like compliance as well as cultural differences.

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Small Banks Can't Be All Things to All People

07/06/15

Community banks that try to serve too broad an array of customers will wind up losing out to larger competitors. They would do better to focus on on one or two customer segments and familiarize themselves with those groups' specific habits and needs.

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Morning Scan: Greek Vote Fallout; Do Big Fines Breed Better Bank Cultures?

07/06/15

Receiving Wide Coverage ...

What's Next for Greece: One day after Greeks voted overwhelmingly to reject the bailout terms offered by European creditors, the country's future is up the air. One thing that's for sure: controversial Greek finance minister Yanis Varoufakis is stepping down at the behest of prime minister Alexis Tsipras in an effort to smooth upcoming negotiations with European creditors. Varoufakis has no regrets about the hardball tactics that aggravated eurozone officials: "I shall...

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Chassix Wins Restructuring Plan Approval

07/06/15

Auto parts maker Chassix Holdings Inc. won final court approval of its restructuring plan. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Thoughts on the Greek Referendum and the Democracy Mismatch in Public Debt Crises

07/05/15

Today's Greek referendum might look like a high point for democratic accountability, but it is not. When Greek citizens vote on the demands of their government’s international creditors, the outcome will bind Greek politicians, but not the creditors that have prescribed economic policy for Greece since 2010.

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Catching Up

07/04/15

So I've been off the grid for a few weeks, and of course after months of little to talk about, the world gave us a bounty of stories about financial distress, and related topics, each of which would merit its own post. But I'm going to hit them quickly to get caught up again this holiday weekend:

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Women in Banking: JPMorgan's Powerful Duo; Blythe Masters' Blockchain Bet

07/02/15

The most powerful women in New York include two from JPMorgan, one from Goldman Sachs, and none (thatÂ's right, none) from Citigroup. Plus, JPMorgan alum Blythe Masters is making waves, as is actress Meryl Streep.

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Public-Private Alliance Can Solve Affordable Housing Crunch

07/02/15

Allowing real estate investment trusts to bridge the capital need for affordable housing could help de-escalate a rising public funding crisis.

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Madden v. Marine Midland Funding

07/02/15

In a recent case called Madden v. Marine Midland Funding, the Second Circuit ruled that a loan owned by a debt collector violated New York's usury statute.  The loan had been originally made by a national bank and was subsequently sold to the debt collector when it was in default.  There's no question that the state usury law was preempted when the loan was held by the national bank.

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