Bankruptcy Blogs

Which RadioShack Stores Are Slated to Close in Bankruptcy?

02/06/15
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RadioShack’s long-awaited bankruptcy brought some good news for fans

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Capital Comes at a Cost--Just Ask Santander

02/06/15

Banco Santander's stock market value plummeted after it announced an $8.8 billion capital raise and dividend cuts in January. The experience serves as a reminder to bank directors that the interests of investors cannot remain forever on the back burner.

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Morning Scan: Ally Financial's Leadership Shakeup; Colorado Pot Lenders

02/06/15

Receiving Wide Coverage ...

Ally's Shakeup: The New York Times and the Wall Street Journal both take a closer look at the leadership shakeup at Ally Financial. Unnamed sources tell the Times that former Ally Financial CEO Michael Carpenter was politely shown the door because the Ally board was frustrated the company had "stagnated" during his tenure and Carpenter appeared to "lack the vision" needed to dig the bank out of its rut. Furthermore, Carpenter wasn't...

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Swaps Make Restructuring Advisors’ Lives Trickier

02/05/15
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Credit-default swaps are shaking up the distressed-debt investing world, and they’re making the job of restructuring advisers more d

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Why Banks Should Support Elizabeth Warren

02/05/15

The Massachusetts senator wants to induce more competition and diversity in the banking industry and improve the economic prospects of a majority of Americans. Both changes would benefit the financial services sector as a whole.

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The Daily Docket: Creditors Want Action in Energy Future Bankruptcy

02/05/15

Creditors are pushing for action in Energy Future Holdings Corp.’s $42 billion bankruptcy, a proceeding a bond trustee says is “meandering” along amid mounting professional fees. Read the Daily Bankruptcy Review article here.

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Is Your Bank CEO a Digital Alien?

02/05/15

It's not enough for bank chiefs to delegate digital responsibilities to younger staffers. Only by understanding the mentality of tech-savvy customers can bank leaders develop smart strategic planning.

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It’s Delaware’s World; We’re All Just Living in It

02/05/15

Caesars Entertainment Corp.’s decision to place its largest unit into Chapter 11 protection in Chicago rather than in New York or Delaware surprised the bankruptcy community. But just how uncommon is it for companies to file in the Windy City?

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Morning Scan: UBS in Tax-Evasion Hot Water Again; Somali Remittances

02/05/15

Receiving Wide Coverage ...

The Swiss and Taxes: And you wonder how the Swiss banking industry got its reputation as a haven for tax evaders? The Justice Department and the Federal Bureau of Investigation are examining Swiss bank UBS for allegedly helping its American wealth-management clients avoid taxes by putting their money into investments that are banned in the U.S., the Wall Street Journal reported. This isn't the first time UBS has run afoul of U.S....

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