Bankruptcy Blogs

Dangers of Housing Policy 'Hidden in Plain Sight' No More

03/17/15

A new book by the American Enterprise Institute's Peter Wallison reveals how a government push to lower credit standards brought about the housing crisis Â-- and why a new effort to expand homeownership could inadvertently set the stage for a fresh disaster.

[more]

If Two Tiers Work for Regulation, Why Not Deposit Insurance?

03/17/15

The smaller banks in the FDIC's deposit insurance fund are subsidizing the activities of the largest banks. A two-tiered approach would go a long way toward addressing moral hazard and the too big to fail problem.

[more]

The Daily Docket: Revel Seeks More Breathing Room in Sale

03/17/15
This photo taken on Oct. 17, 2012, shows the exterior of the former Revel Casino Hotel in Atlantic City N.J. ACR Energy Partners had told Revel’s owners it would cut off service to the building at 5 p.m. Thursday, Feb.
[more]

Morning Scan: Apple Pay Fraud Questions; Military Members Victimized by Arbitration

03/17/15

Wall Street Journal

Citigroup is among at least a dozen companies that have given in to activist shareholders' demands to nominate directors, a strategy known as proxy access. Calpers, one of the largest activist shareholders, describes the trend as a "sea change," while the New York City Comptroller said it's only a matter of time before most companies allow for proxy access. New York Times ...

[more]

When can a landlord recover attorneys’ fees from a tenant in bankruptcy?

03/16/15

Landlords may be able to recover attorneys’ fees incurred when a debtor-tenant seeks to assume the lease, or assume and assign the lease to a third party.  To recover attorney’s fees, however, the landlord must meet several criteria.  First, the lease must expressly state that the landlord is entitled to recover attorneys’ fees as additional rent or in connection with the collection of rent.

[more]

Community Banks and the CFPB

03/16/15

I'm testifying before the House Financial Services Committee on Wednesday at a hearing entitled "Preserving Consumer Choice and Financial Independence." I'm the only non-industry witness (no surprise there).

[more]

Heavier Scrutiny for Banks' Charitable Donations Could Backfire

03/16/15

Two activist groups want regulators to investigate whether OneWest Bank used philanthropic contributions to win the support of community organizations. But this could set a precedent that would discourage banks from making much-needed donations.

[more]

What's the Real Reason Square 1 Is Selling to PacWest?

03/16/15

One of the most successful startup banks in a generation is turning over its keys to a California bank. Institutional ownership and the prospect of slower growth may have prompted Square 1 to make the deal.

[more]

Morning Scan: Rebound in Bank Stocks Not Expected Soon; Stress Test Complaints

03/16/15

Wall Street Journal

Tap the brakes on those hopes for a rebound in bank stocks in the near future. The same old worries bank investors know so well are expected to continue this year, analysts and investors told the Wall Street Journal. Low interest rates will continue to compress profit margins. Excessive U.S. regulations continue to drive up costs. Legal bills will also remain elevated. These reasons are cited by analysts and money managers quoted in...

[more]