Bankruptcy Blogs

How Basel III Will Shake Up Banks' Deposit Strategies

09/29/14

Banks are likely to reconsider product strategies associated with minimum balance requirements and earnings credit features as they prepare to comply with Basel III.

[more]

Vision Industries Has Ties to Really Cool People

09/29/14

The exact circumstances behind Vision Industries Corp.’s Wednesday bankruptcy filing are still a little unknown, unlike the people directly and tangentially associated with the hybrid vehicle maker.

[more]

What the DOJ Wants When It Comes Knocking

09/29/14

The DOJ wants the banks it threatens with litigation to admit accountability, pay hefty penalties and takes steps to satisfy the public thirst for payback. But the financial system would be better served if the bulk of regulation was left to the banking agencies.

[more]

The Daily Docket: Detroit Judge Won’t Stop Water Shutoffs

09/29/14

A bankruptcy judge ruled Monday not to stop Detroit water shutoffs if people can’t pay their water bills, the Associated Press reports.

[more]

Morning Scan: AIG Bailout on Trial; Goldman's New Conflict of Interest Rules

09/29/14

Receiving Wide Coverage ...

See You in Court: A lawsuit alleging that shareholders got a raw deal in the $184 billion government bailout of AIG goes to trial today, and pundits are abuzz with expectation Â-- but not because they think the central claim holds particular merit. In two separate columns in the New York Times, Gretchen Morgenson and Noam Scheiber shed no tears for AIG shareholders, including the insurer's former chief executive Maurice "Hank" Greenberg....

[more]

11th Circuit: "Be Sure Your Sin Will Catch Up with You"

09/26/14

A few days ago, the 11th Circuit  Court of Appeals issued its decision in the case of Airtran Airways, Inc., v. Brenda Elem, et al., case 13-11738 (11th Cir. Sept. 23, 2014).

[more]

Can Apple Pay Change the Way People Shop?

09/26/14

Apple has a high-profile name and knack for revolutionizing the markets in which it operates. But consumer confusion over a myriad of mobile payment options and technologies may be a stumbling block for Apple Pay.

[more]

Forward Motions: Revel Auction Resumes Tuesday

09/26/14
Getty Images

The search for buyers for the empty Revel Casino Hotel will begin again on Tuesday.

[more]

Banks Can Fight Buyback Claims with a Little Help from B of A

09/26/14

Bank of America's recent mortgage settlement with the DOJ includes a number of striking admissions about its underwriting and origination process in the run-up to the financial crisis. These facts may provide banks and correspondent lenders facing buyback demands with a fresh line of defense.

[more]