Bankruptcy Blogs

Is Shelby's Reg Relief Proposal a Gift to Big Banks?

05/15/15

Sen. Richard Shelby's attempt to reform Dodd-Frank could ease key bank regulations that improve the safety and soundness of big banks. That would be an immense disservice to the American taxpayers who might bear the cost of the changes with future bailouts.

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Next Week in Bankruptcy

05/15/15

Supplement company Natrol Inc. heads to bankruptcy court Wednesday in Wilmington, Del., to see if it can sway a judge to sign off on a creditor-payment plan that’s being held up by a disputed settlement.

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Lehman Brothers Sues Federal Home Loan Bank of New York Over Swaps

05/15/15
Lehman Brothers Holdings Inc. headquarters stands in New York, U.S., on Monday, June 16, 2008.
BLOOMBERG NEWS

Lehman Brothers Holdings Inc.

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Morning Scan: B of A's Board Backs Moynihan; Is Nick Szabo the Real Bitcoin Creator?

05/15/15

Wall Street Journal

Despite shareholders' complaints about its sluggish stock price and earnings growth, Bank of America's board appears to be fully supportive of Chairman and Chief Executive Brian Moynihan. As part of an update on Moynihan's tenure, the Journal interviews directors, shareholders, former colleagues and Moynihan himself about his job performance. Jack O. Bovender Jr., the former CEO of hospital chain HCA and a B of A director, applauds Moynihan's personality. "You don't have to...

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Coming and Going Concerns

05/14/15

Chris Dickerson and Matt Murphy have joined law firm Paul Hastings in the Chicago office. Mr.

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Banks Should Scrap Pilot Programs — and Do This Instead

05/14/15

It's difficult to draw useful lessons from a small pilot, since banks typically stack the deck for success. Trying out new projects at average locations that serve average customers can give banks a much better picture of the obstacles that lie ahead.

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Parishes Win Greater Role in Archdiocese’s Bankruptcy

05/14/15
Cathedral of St. Paul
Jim Mone/Associated Press

A bankruptcy judge last week gave the parishes of the Roman Catholic Archdiocese of St.

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How to Lighten Community Banks' AML Compliance Load

05/14/15

Vendors that specialize in Bank Secrecy Act compliance can help ease community banks' regulatory burden while strengthening their controls.

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Corinthian Colleges Students Win Official Committee Role

05/14/15
Corinthian Colleges filed for bankruptcy and shut down all its campuses, and its former students just won a formal committee role in the case.
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Morning Scan: Credit Cards Seek Merchants for Partnerships; Starbucks Mobile Hack?

05/14/15

Wall Street Journal

Loyalty trumps lucrativeness, at least for the time being, in the world of credit cards. Issuers like American Express, JPMorgan Chase and Commerce Bancshares in Kansas City are all picking up the pace in securing co-branded partnerships with merchants. The reason? Some merchants' customer bases are deemed more loyal, even if they generate less fee income, and a partnership with a merchant is a considered a more efficient way to grow a customer...

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