Bankruptcy Blogs

The Daily Docket: Trump Eyes Atlantic City Return

09/26/14
A seagull flies past the Trump Plaza Hotel and Casino, one of two casinos owned by Trump Entertainment Resorts, in Atlantic City, N.J.
Reuters

Even as 

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Morning Scan: Secret New York Fed Recordings Released; U.S. Bank Fined

09/26/14

Receiving Wide Coverage....

Secret Fed Tapes: Here's all you need to pique your interest: It's the "Ray Rice video for the financial sector," according to none other than Michael Lewis, columnist and author of "The Big Short." A former New York Fed bank examiner secretly took a key-chain voice recorder into 47 hours of Fed meetings, recorded what she heard and gave the recordings to a reporter at ProPublica, which later distributed the recordings to National...

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Coming and Going Concerns

09/25/14

The London and Frankfurt offices of law firm Bingham McCutchen, as well as a number of partners from the firm’s Hong Kong office, will join Akin Gump in a move that will open Akin Gump’s first office in Germany.

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Financial Reform Has a Risky Blind Spot

09/25/14

Banks have very precise metrics for measuring profits and volatility from normal risk. Shouldn't there be an objective way to measure the extreme risk that can determine whether an institution fails or survives?

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The Scientific Approach to Mitigating Operational Risk

09/25/14

Devising a risk mitigation plan Â-- and the training and oversight necessary to implement it Â-- requires lenders and servicers to conduct a scientific investigation into the policies, procedures and controls they already have in place.

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The Daily Docket: Revel Auction to Resume Tuesday

09/25/14
Getty Images

An auction to sell Atlantic City, N.J.’s Revel Casino Hotel will resume next week after no winner was chosen Wednesday afternoon.

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Morning Scan: Home Depot Lawsuits Roll In; RBS IPO Rebounds

09/25/14

Receiving Wide Coverage... Here Come the Lawyers: What did you expect, Home Depot would get a free pass from lawyers on its massive data breach? The floodgates have opened as the first of what could be many lawsuits filed against Home Depot after 56 million credit and debit cards were compromised. In federal court in Atlanta, two credit unions Â-- Southern Chautauqua Federal Credit Union in New York and First Choice Federal Credit Union in PennsylvaniaÂ...

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What do bankruptcy mortgage servicing and ebola have in common?

09/24/14

A long long time ago in this same galaxy, I wrote what may be Credit Slips' most popular post: What do bankruptcy mortgage servicing and phone sex in common? Today, I bring you a new comparison: bankruptcy mortgage servicing and ebola. At the outset, let me be very clear that ebola is a tragic health care crisis.

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Marc Dreier Pens Legal Plea From Prison

09/24/14
Marc Dreier
Associated Press

Imprisoned ex-lawyer Marc Dreier is back to writing legal pleas, this time on his own behalf.

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Culture Clash: The Overlooked Threat to Mortgage M&A

09/24/14

Acquisition-hungry banks and mortgage companies need to apply the same level of scrutiny to cultural fit as they do to a firm's financial statements and balance sheets.

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