Bankruptcy Blogs

How to Move the CRA into the 21st Century

11/03/14

Thanks to the rise of online and mobile banking, some banks now have significant customer bases in areas where they have little branch presence. The solution is to carve out a category of virtual banks that have tailored CRA responsibilities and examination standards.

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Morning Scan: HSBC's Billion-Dollar Legal Tab; Ex-B of A Banker Arrested in Hong Kong

11/03/14

Receiving Wide Coverage ...

HSBC Woes: Legal matters pounded HSBC, as the British bank reported quarterly earnings. HSBC set aside $1.6 billion, according to the Financial Times, or $1.7 billlion, according to the Wall Street Journal, to cover legal settlements, including resolving a probe into rigging foreign-exchange markets, and the cost of reimbursing customers. The set-aside also included $550 million to cover a settlement with the U.S. Federal Housing Finance Authority to resolve a probe into...

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A More Ancient Household Goods Rule

11/01/14

Courtesy of Jack Ayer, professor emeritus of law and polymathy, comes the following from the Wikipedia entry on Modigliani -- Amedeo, not Franco:

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Weekly Wrap: The Upside of Being TBTF; Closing the Gender Pay Gap

10/31/14

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

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The Broke and the Beautiful: 38 Studios Settlement Edition

10/31/14

This week on The Broke and the Beautiful, 38 Studios’ bankruptcy trustee reached an important settlement, and Girls Gone Wild’s Hottest Girl in America 2010 is getting an overdue payment. Also, a Formula One racing team filed for bankruptcy.

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Forward Motions: Judge Could Clear Detroit to Leave Bankruptcy

10/31/14

Detroit could get a ticket to get out of bankruptcy next Friday.

U.S. Bankruptcy Judge Steven Rhodes will reveal his decision on whether the city’s bankruptcy-exit plan, which cuts $7 billion in debt, is fair.

City leaders and creditors picked through the details of the plan during a trial that lasted several weeks. The plan calls for $275 million in new borrowing and a $1.7 billion reinvestment in removing blighted buildings and boosting police and fire services in the city.

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Here Come the Tourists

10/31/14

This week's Dealb%k is about foreign debtors that file under the US Code, which also just happens to be the subject of a recent paper that my co-author and I have posted online.

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How Digital Payments Can Transform the Developing World

10/31/14

Mobile money products are taking off in countries including Bangladesh, Kenya and Somaliland Â-- and banks have a historic opportunity to get involved in this rapidly advancing market.

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Foreclosures Are Making Americans Sick

10/31/14

Continuing housing problems and increasing economic inequality are bringing illness to low-income neighborhoods. To solve the problem, policymakers and financial industry leaders need to develop programs that address the intersecting issues of health and poverty.

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