Bankruptcy Blogs

Weekly Wrap: How Miss America Shook Up Citi; Rooting Out ISIS Funding

01/23/15

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

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Forward Motions: Shipper Nautilus Looks to Leave Bankruptcy

01/23/15

Shipping company Nautilus Holdings Ltd. has a chance to clear the final hurdle to leaving bankruptcy protection if a judge approves the Bermuda company’s reorganization plan next Friday.

Judge Robert Drain of the U.S. Bankruptcy Court in White Plains, N.Y., could approve the company’s plan after finding out at a hearing whether creditors voted in favor of it.

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When Hacktivists Crack Down on ISIS and Terrorist Financing

01/23/15

Hacker groups like Anonymous have announced plans to target banks that are helping to finance ISIS and other terrorist organizations. But it is governments, banks and regulators that need to work harder at rooting out the sources of ISIS's funding.

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We Shouldn't Be Relying on Hackers to Stop Terrorism Financing

01/23/15

Hacker groups like Anonymous have announced plans to target banks that are helping to finance ISIS and other terrorist organizations. But it is governments, banks and regulators that need to work harder at rooting out the sources of ISIS's funding.

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The Daily Docket: SkyMall Files for Bankruptcy

01/23/15

The company behind the in-flight catalog SkyMall filed for Chapter 11 bankruptcy protection Thursday, a victim of evolving rules and technology that now lets airline passengers keep their smartphones and tablets powered up during flight. Read the Daily Bankruptcy Review article in The Wall Street Journal.

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How Miss America Changed Citibank, Part II

01/23/15

Former Miss America Bess Myerson helped overhaul Citi's consumer loan contracts in the 1970s. Then she turned her attention to cleaning up the bank's collections unit.

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Morning Scan: RBC Takes Second Shot at U.S.; Dimon's Paycheck

01/23/15

Receiving Wide Coverage ...

Canadian Invasion: The Wall Street Journal, Financial Times and Reuters (via the New York Times) all take a closer look at Royal Bank of Canada's decision to acquire City National in Los Angeles. RBC may have stubbed its toe in its previous American incursion with RBC Centura (which it later sold to PNC), but City National is a different play. The California bank has a big presence in wealth management, particularly managing...

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Revival of New York City Opera Heads Into Final Act

01/22/15
Michael Capasso and Roy Neiderhoffer, who hope to revive the defunct New York City Opera, inside the Jazz at Lincoln Centers Frederick P. Rose Hall on Wednesday, Jan.
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Opus Bank to Pay $25M for Escrow, 1031 Exchange Firms

01/22/15

Opus Bank in Irvine, Calif., has agreed to buy a pair of nonbanking businesses.

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