Bankruptcy Blogs

The Daily Docket: GM Creditors Win $1.5 Billion Loan Challenge

01/22/15
Bloomberg

A federal appeals court in New York on Wednesday said a paperwork mistake rendered a $1.5 billion bank loan made years ago to struggling General Motors Co.

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Morning Scan: Europe's QE Plan; Investors 'Panicking' About Oil-Heavy Banks

01/22/15

Breaking News This Morning ...

Earnings: KeyCorp, Huntington, BB&T, BankUnited Receiving Wide Coverage ...

European QE: The European Central Bank is expected to launch a quantitative-easing program that could include the purchase of about 50 billion euros worth of bonds each month (equivalent to about $58 billion). Europe hasn't embarked on a QE program during the recent years of economic tumult. But the state of the continent's fragile economy prompted the move, said Matteo Renzi, Italy's prime minister....

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Make Way for the Bank Tech Disruptions of 2015

01/21/15

This year, electronic trading will finally come to the bond market and more banks will adopt technologies that harness social media to flag potentially fraudulent customers.

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Thanks to Matthew Bruckner

01/21/15

We want to thank Professor Matthew Bruckner of Howard University for hanging out at Credit Slips for a while. We appreciate him sharing his thoughts on some of the finance issues facing legal education and issues surrounding student debt.

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Judge Finds Ex-Wall Street Trader Hid Millions From Bankruptcy Court

01/21/15

A once-prominent Wall Street trader imprisoned in 2005 for embezzling $43 million from Merrill Lynch & Co. recently met the ire of a bankruptcy judge, who refused to let him get rid of his debts through bankruptcy because of repeated lies to the court.

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The Daily Docket: Judge Says Creditors Can Vote on LightSquared Plan

01/21/15
Dish Network Corp Chairman Charles Ergen exits bankruptcy court in New York March 26, 2014.
Reuters

A judge on Tuesday said creditors can vote on LightSq

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Government Looks to Stay Put in Mortgage Market

01/21/15

The federal government's recent decisions to lower annual premiums for new borrowers and reduce down payment requirements suggest it has little interest in making room for private capital in the mortgage market.

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Morning Scan: Obama Plans to Fight for Dodd-Frank; Walmart's Latest Move

01/21/15

Breaking News This Morning ...

Earnings: Fifth Third, U.S. Bancorp Receiving Wide Coverage ...

SOTU from POTUS: Banking and finance played a lead role in President Obama's State of the Union address on Tuesday night. For one, Obama vowed to keep Dodd-Frank intact, saying the law's rules and the creation of the Consumer Financial Protection Bureau are protecting American consumers. However, Obama avoided direct bashing of banks, declining to take up the same rhetoric as Sen. Elizabeth Warren,...

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