Bankruptcy Blogs

Morning Scan: Terrorism Finance Verdict Puts Banks on Notice; Wells Fargo Fined

09/23/14

Receiving Wide Coverage ... Guilty: A word of warning to banks (as if they didn't already know this): Be careful who you do business with. A federal jury in New York found Jordan's Arab Bank liable for providing financial services to Hamas that helped them conduct terrorist activities, and plantiffs now plan to seek an unspecific amount in damages. For its part, Arab Bank has said it followed compliance procedures, according to the Financial Times. ButÂ...

[more]

Former Howrey Partners Contribute Another $1.5 Million

09/22/14

Three-and-a-half years after Howrey LLP shut its doors, another 31 former partners of the bankrupt law firm have agreed to chip in money to pay back Howrey’s creditors.

[more]

The Volcker Rule's Double-Edged Sword

09/22/14

A reform intended to reduce risk in the financial system could inadvertently exacerbate future economic downturns.

[more]

The Daily Docket: Indiana Toll Road Operator Files for Bankruptcy

09/22/14

The debt-stricken operator of an Indiana Toll Road filed for bankruptcy protection Sunday with a plan to get restructure some $6 billion debt by selling its assets or, alternatively, reorganizing its business. Read the Daily Bankruptcy Review article here.

[more]

Morning Scan: Mortgage Lending Standards Questioned; Citi's Japanese Sale

09/22/14

Wall Street Journal

Federal officials are considering how to instruct lenders to ease up on tight lending standards for mortgages. On the one hand, they don't want to create another housing bubble. But on the other hand, mortgage lending is so slow because lenders have adopted standards that are even tighter than what Fannie Mae and Freddie Mac demand. Underlying all of this are paltry-to-nonexistent wage growth, high levels of student debt and little savings for...

[more]

How to Get Disruptive Innovation at its Best

09/22/14

Female representation on boards is on the rise and thatÂ's a good thing for innovation, argues Susan Stautberg of WomenCorporateDirectors.

[more]

Mortgages: Statute of Limitations, Quiet Title Actions, Etc.

09/20/14

In the aftermath of the real estate mortgage foreclosure crisis in Florida since 2008, there have been presented to the court questions of the enforceability of mortgages under various circumstances, including after the dismissal of foreclose cases.

[more]

"Oh Dear Me No, I Couldn't Possibly Hear Another Appeal..."

09/19/14

The Second Circuit has refused to hear Citibank's appeal of Judge Griesa's order enjoining Citi from making payment on USD-denominated, Argentine-law bonds. The Second Circuit's order is a bit... Delphic.

[more]