Bankruptcy Blogs

Lehman Brothers’ Richard Fuld to Speak in NYC in Late May

04/03/15
Reuters

Richard Fuld, who was chief executive of Lehman Brothers Holdings Inc., has been largely out of the public eye since the firm collapsed in 2008. But that’s set to change next month.

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Insolvency-Related Implications for the Oil & Gas Industry in the U.S.

04/03/15

Despite the tremendous growth and development of oil and gas resources in recent years, the industry is expected to be a boon for bankruptcy lawyers. This article explores how the current low price environment hurts developers and their lenders, whose past investment premises included a sustained high price environment and provides some insight into what the issues will be in bankruptcy.

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The Daily Docket: Judge to Approve Revel Sale to Glenn Straub

04/03/15
This May 30, 2014, photo shows the former Revel Casino Hotel in Atlantic City, N.J.
Wayne Parry/Associated Press

A bankruptcy judge Thursday said she wou

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The Price of Justice: How MM&A Railway is Splitting up Victim Fund

04/02/15
A firefighter works on the scene of a train derailment in Lac-Mégantic, Quebec, in this July 7, 2013 file photo.
Christinne Muschi/Reuters

On July 6, 201

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Dangers Lurk in Fed's Zero Rate Policy

04/02/15

The Fed was right to aggressively lower interest rates after the 2008 crisis. But continuing with zero interest rates and quantitative easing for seven years after the crisis is in conflict with the goal of increased employment and economic growth.

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Distress in the Oil Field

04/02/15

Since June 2014, the price of oil has plummeted  to less than $50 per barrel from more than $100. Although forecasters seem to think the price will rebound, there is not much consensus on when that will happen. A recent MoneyBeat report showed that analysts predict the price of oil could end 2015 anywhere between $52 and $84 a barrel.

In the world of distress, the effects of low prices are already beginning to be felt by some in the industry.

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Use Tiered Regulation to Preserve Small Banks, Keep Big Ones in Line

04/02/15

A two-tiered system of regulation could encourage small banks to maintain their relationship-based business model and prevent big banks from using insured deposits to conduct risky activities.

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The Daily Docket: Revel Casino Gets Two New Bids

04/02/15
Wayne Parry/Associated Press

At least two new offers to buy the Revel Casino Hotel have surfaced, challenging Florida developer Glenn Straub’s bid to buy the shuttered Atlantic City, N.J., resort for $82 milli

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Morning Scan: Silicon Valley Bank's Enviable Spot; Currency Volatility to Help Earnings

04/02/15

Wall Street Journal

Volatility in currency markets should give a boost to banks' first-quarter earnings. Currency market volatility rose 18% from Jan. 1 to mid-March, according to Deutsche Bank. However, not every bank will glean a benefit from the currency volatility. Citigroup is expected to report a decline in trading revenue because of its exposure to the Swiss franc. The irony is that JPMorgan Chase, Citigroup and others remain at the center of government probes into...

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Millennial Customers Aren't All They're Cracked Up to Be

04/01/15

Millennials may be a critical market segment for some banks, but the people now in their 20s and 30s also tend to be low-balance, transitory accountholders. It may make more sense for banks to focus their marketing dollars on the ex-slackers known as Gen X instead.

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