Bankruptcy Blogs

Forward Motions: MF Global Seeks to Begin Creditor Payouts

09/19/14

Next week in bankruptcy, MF Global Inc. will ask a bankruptcy judge to authorize a $295 million payout to its creditors.

On Monday, Judge Martin Glenn of the U.S. Bankruptcy Court in Manhattan will hear the request.

Creditors have waited nearly three years as all but a few individual brokerage and commodity customers received 100% of payments owed.

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How Chief Data Officers Can Step Up Their Game

09/19/14

As regulators emphasize the importance of data integrity, chief data officers need to consider new strategies to ensure that all bank employees are on the same page about improving information quality.

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How Much Capital Does a GSE Need? None

09/19/14

So long as Fannie Mae and Freddie Mac are backed by the full faith and credit of the U.S. Treasury, they don't need to accumulate any capital save the liquidity necessary to fund their operations.

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The Daily Docket: BMO Faces $24B Suit Tied to Petters Fraud

09/19/14

A new lawsuit seeks to hold M&I Bank, now owned by BMO Harris Bank, responsible for allegedly enabling Minnesota businessman Tom Petters to orchestrate a Ponzi scheme that cheated investors out of several billion dollars. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Morning Scan: Home Depot Breach Affects 56M; Santander's Punishment

09/19/14

Receiving Wide Coverage ...

Reach of Home Depot Breach: Home Depot confirmed that its data breach affected about 56 million customers, making it larger than the Target breach during the last holiday season. The home-improvement retailer also said the "unique, custom-built malware" used in the breach has been eliminated from its networks. The malware used in the Home Depot breach wasn't present in attacks on other retailers. Home Depot did not disclose the attackers' point of...

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Bank Customers Want Digital Substance Over Style

09/18/14

Americans are still looking for the same fundamental services from their banks. It's their expectations of convenience and accessibility that have changed Â-- and that's where digital offerings should come in.

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Greenberg, Alvarez Agree to Slash TelexFree Fees

09/18/14

TelexFree LLC’s bankruptcy advisers will forgo more than $1 million in fees they charged during the short time they worked for the company, which has since been accused of operating a massive pyramid scheme.

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Is Multifamily Housing the Next Lending Bubble?

09/18/14

The multifamily housing sector is likely to remain healthy thanks to favorable demographics Â-- but the apartment market is almost certainly past peak for this cycle.

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The Daily Docket: Coldwater Creek Plan Confirmed

09/18/14
Associated Press/Elaine Thompson

As former customers keep a wary eye on the online version that new owners are planning for the Col

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Morning Scan: Fed Walks a Fine Line on Rates; DoJ Vows to Prosecute Bankers

09/18/14

Receiving Wide Coverage ...

Fed Balancing Act: The Federal Reserve's policy-making Federal Open Market Committee announced Wednesday that the central bank will keep interest rates low in the near-term, though it could change course sooner than expected if data shows greater economic improvement. The Fed's statement, which was approved by an 8-2 vote, noted that unemployment levels remain subpar. "There are still too many people who want jobs but cannot find them, too many who are...

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