Bankruptcy Blogs

Inside the Volcker Rule's Process Labyrinth

10/16/14

Banks have never before had to establish policies and procedures at the granular level required under the new regulation. Doing so in a timely manner will be a challenge for most institutions. For some, it will be impossible.

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Step One to Fixing the Banking System: Admit Its Flaws

10/16/14

Politicians must acknowledge the unintentionally harmful consequences of the Dodd-Frank Act, while bankers need to accept that the financial system has deficiencies and act to remedy the problems under their control.

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The Daily Docket: GT Advanced Halts Confidentiality Hearing

10/16/14
The new Apple Watch is pictured during an Apple event at the Flint Center for the Performing Arts in Cupertino, California, in this file picture taken Sept.
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Morning Scan: Stock Swings Hit Banks Hard; "No Objective Reality" on Earnings

10/16/14

Receiving Wide Coverage.... Banks Take Beating in Stock Market: Wednesday's stock market swings hit banks hard as fears of a sputtering global economy took hold. "U.S. bank stocks suffered their worst one-day fall in almost two years," tumbling 3.4%, according to the Financial Times. Bank shareholders are worried that the sluggish global recovery and potential for deflation in the U.S. and Europe could keep interest rates low even longer than expected, the papers report. "People areÂ...

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What a Struggling Jail Means for Investors, Small Towns

10/15/14

Rhode Island’s Donald W. Wyatt Detention Facility has struggled since officials at U.S. Immigration and Customs Enforcement pulled out their detainees in 2008, following the death of a Chinese national held there. That pullout happened shortly after the facility expanded to hold 770 detained people.

The detention center, which owes about $97.3 million in bonds, was taken over by an outside financial professional earlier this year.

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With Settlement, Marc Dreier Is Off the Hook for Court Testimony

10/15/14
Marc Dreier
Associated Press

Marc Dreier won’t be leaving prison after all.

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Fat-Finger Errors Can Pack a Big Punch

10/15/14

The risk that a trader will mistakenly enter an incorrect stock order is on the rise as mobile- and cloud-based platforms become more popular.

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Wolf Sanctuary in Colorado Files for Bankruptcy

10/15/14
Tundra, the wolf grabs a popsicle made of chicken broth at Oatland Island Wildlife Center in Savannah, Ga., on July 2, 2014.
Steve Bisson/Associated Press
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Financial Regulators Send Mixed Messages, and Consumers Pay the Price

10/15/14

Unless regulators coordinate their efforts to reform banks' home lending, mortgage servicing and remittance businesses, American consumers will continue to lose access to affordable financial services.

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