Bankruptcy Blogs

Morning Scan: JPMorgan Joins the Mega Breach Club; Bernanke's Refi Denied

10/03/14

Receiving Wide Coverage ...

Hack Attack at JPMorgan: JPMorgan Chase is the newest member of the mega breach club. The bank disclosed in a Thursday regulatory filing that hackers stole the names, email addresses, phone numbers and mailing addresses of 76 million households and seven million small business customers this summer. JPMorgan is assuring customers that it has seen "no unusual fraud activity related to this incident" and says "there is no evidence" that hackers were...

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Here's the Contempt Order

10/03/14

At a hearing on September 29, Judge Griesa indicated that he would hold Argentina in contempt of court but deferred his ruling on what the sanction would be. He has now issued the sanctions order.

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Hacking and Systemic Financial Armageddon

10/03/14

The revelation that 76 million JPMorgan Chase consumer accounts were compromised by hacking should be scaring the heck out of us. The Chase hacking is a red flag that hacking poses a real systemic risk to our banking system, and a national security risk as well. Frankly, I find this stuff a lot scarier than either ISIS or our still largely unregulated shadow banking space.  

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September's Bankruptcy and Related Decisions in the Fifth Circuit

10/02/14
The Fifth Circuit had several bankruptcy-related decisions during September.   This month, it dealt with jury trials, mootness, subject matter jurisdiction,  "quasi-estoppel" and the difference between civil and criminal contempt.   Click on the style of the case to read the underlying
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Next Chapter for Teresa and Joe Giudice: Real Inmates Of Federal Prison

10/02/14
Teresa and Joe Giudice arrive in court on March 4.
Eduardo Munoz/Reuters

“Real Housewives of New Jersey” star Teresa Giudice said filing for

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Elizabeth Warren in Jeopardy! -- Em . . . That Is, the Game Show Jeopardy!

10/02/14

Former Credit Slips blogger Elizabeth Warren who also happens to be the senior senator from Massachusetts was a category on Jeopardy! last night. H/T to the WSJ's Bankruptcy Beat, which has a more complete story on the topic including the questions that were asked. None of the questions related to Credit Slips probably because they would have been too easy. Please let me hold on to that illusion.

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Bankruptcy Brothers: Ken and Sandy Rosen

10/02/14
Brothers Sandy Rosen, left, and Ken Rosen

Growing up in northern New Jersey, fraternal twin brothers Ken and Sandy Rosen didn’t share a dream of becoming bankruptcy lawyers.

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Official or Not, Community Banks Face Heightened Expectations Too

10/02/14

Examiners will not require community banks to adhere to new risk governance standards, but they are likely to expect community bank boards to incorporate the guidelines' fundamental principles into their oversight.

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The Examiners Turn to Puerto Rico’s Turnaround

10/02/14

Bankruptcy Beat’s panel of restructuring experts, The Examiners, this month will weigh in on Puerto Rico’s ongoing turnaround efforts.

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When Chasing New Customers, Respect the Old Ones Too

10/02/14

The fact that a customer has been with your bank for an extended period of time may not be as predictive of their future decisions as you think.

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