Bankruptcy Blogs

Morning Scan: Banks' Consumer Debt Reporting Probed; Were Forex Deals Too Soft?

11/13/14

Receiving Wide Coverage ...

Regulators' Weak Sauce: U.S. and foreign regulators fined six big banks a cumulative $4.3 billion Wednesday in a round of settlements charging them with conspiring to manipulate the foreign exchange market, and the peanut gallery is unimpressed. The Financial Times points out the fines "are less stunning than the scale of the conspiracy against the banks' customers and the catastrophic failure of oversight on the part of bank executives." Bank executives and...

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Dots, LLC Preference Actions Filed

11/13/14

On November 7, 2014, in the neighboring jurisdiction of the United States Bankruptcy Court for the District of New Jersey, Dots, LLC, et al. (“Debtors” or “Dots”) filed approximately 70 complaints seeking to avoid and recover alleged preferential transfers pursuant to Sections 547 and 550 of the Bankruptcy Code, to disallow claims of the defendants pursuant to Section 502(d), and seeking attorneys’ fees.

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Too Big to Serve the Working Class

11/12/14

A growing number of Americans frequent payday lenders, check cashers and other firms outside the financial mainstream, and with good reason: they cannot get reliable and affordable service from the country's biggest banks.

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The Daily Docket: Judge Approves Anadarko Settlement Over Tronox Acquisition

11/12/14

A judge on Monday approved Anadarko Petroleum Corp.’s $5.15 billion settlement over its ill-fated acquisition of Tronox Inc., the final major hurdle in the federal government’s largest environmental settlement ever. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Creating A 'Win-Win' in M&A, Part II: BB&T's Approach to Negotiation, Integration

11/12/14

Retired BB&T CEO John A. Allison shares tips on brokering a deal and making an acquisition thrive in his latest book. This is part 2 of 5.

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Foreign Banks Tangled Up in Volcker Rule

11/12/14

Many foreign banks are confused about how the Volcker Rule applies to them and whether they are required to establish compliance programs for it in the first place.

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Morning Scan: Five Banks Reach $3.3B Forex Deal; Is Lawsky Eying the Exit?

11/12/14

Receiving Wide Coverage ... First Forex Deal Reached: Five banks have agreed to shell out a total of $3.3 billion to U.S., British and Swiss authorities to settle charges that they tried to manipulated the foreign exchange market. The banks included in the settlement were Citigroup, JPMorgan Chase, HSBC, Royal Bank of Scotland and UBS; Barclays had been in talks with regulators but got cold feet as the announcement neared, the New York Times reports. TheÂ...

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Pittsburgh’s Soccer Team Almost Out of Bankruptcy

11/11/14
Wilmington Hammerheads defenseman Dylan Riley, right, battles for possession with Pittsburgh Riverhounds midfielder Matthew Kassal, left, at Legion Stadium in Wilmington, N.C., in April 2012.
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