Bankruptcy Blogs

Dubious Regulators Need to See Compliance Burden for Themselves

04/23/15

Banking regulators will never conclude that regulation is actually hurting community banks until they study the issue and come to that conclusion on their own.

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Lehman Brothers Says Former Top Trader Seeking ‘Double Recovery’

04/23/15

Lehman Brothers on Wednesday said former top trader Jonathan Hoffman is seeking “double recovery” on his bonus from 2008, in day one of a trial over whether Lehman owes Mr. Hoffman and three other employees millions in back bonuses. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Morning Scan: BofA Appeals 'Hustle' Ruling; The Hazards of Spoofing

04/23/15

Receiving Wide Coverage ...

Deutsche Nears Libor Deal: Deutsche Bank is expected to announce a $2.15 billion settlement with U.S. and British regulators over Libor rate-rigging charges, according to the papers. That would be the highest fine faced by any bank in relation to the Libor scandal so far. What makes Deutsche so special? New York's Department of Financial Services is involved in the deal, driving up the penalty, according to the Financial Times. The Wall...

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What Advisory Boards Can Do for Your Bank

04/22/15

With good planning, advisory boards can increase a bank's visibility, credibility and sales.

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Long Island Banana King Charged With Pension Looting

04/22/15
Thomas Hoey Jr., the owner of Long Island Banana Corp., is facing a federal criminal indictment on charges that he looted employee pensions.
Patrick Kovarik/Agence France-Pre
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Volcker's Call for Regulatory Reform: Smart and Unlikely

04/22/15

Former Federal Reserve chair Paul Volcker is far from the first watchdog to suggest the U.S. regulatory system is badly in need of a common-sense makeover. Yet a confusing and ineffective structure remains the status quo.

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Anglo Irish Bank Liquidators Selling Boston’s Mandarin Hotel

04/22/15

The successor to Anglo Irish Bank Corp. is asking for a bankruptcy court-supervised auction of Boston’s Mandarin Hotel along with retail property that connects the Mandarin to the Prudential Center on Boston’s Back Bay, close by the Boston Marathon finish line.. Read the Daily Bankruptcy Review article here.

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Morning Scan: FDIC Floats Bank Failure Plan; The Man Behind the Flash Crash?

04/22/15

Receiving Wide Coverage ...

The Flash Unmasked? Are the world's financial markets so vulnerable that they can be brought down by some guy in the suburbs? That unsettling question is bound to reverberate throughout the industry in the wake of news that U.S. authorities are charging a London trader with triggering the May 2010 "flash crash" that temporarily sent stocks plummeting. Authorities say Navinder Singh Sarao frequently manipulated futures contracts prices by submitting and then canceling...

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"Quicken" the Development of the Law

04/21/15

Over the last few years, the US Department of Justice has reached settlements with nearly every major lender with regard to the lending procedures for FHA (Federal Housing Administration) loans. The legal basis for the settlements were alleged violations of the False Claims Act.

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Live Longer After Filing Bankruptcy? Economists Say “Yes”

04/21/15

health after bankruptcyA recent study by economists suggests that Chapter 13 debtors whose cases were confirmed and completed through discharge derive significant economic and health benefits from their filings as compared to Chapter 13 debtors whose cases were dismissed.

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