Bankruptcy Blogs

Diamond-Encrusted Sunglasses Are a Girl’s Best Friend

09/12/14
More than 1,600 pairs of luxury sunglasses will hit the auction block next week.
Tiger Group

American Optical Services’ vision centers have already been sold, but

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Forward Motions: Revel Looks to Protect New $90 Million Offer

09/12/14
Jessica Kourkounis/Getty Images

Atlantic City, N.J.’s Revel Casino Hotel heads to court Monday to protect a newly emerged bidder in the event someone el

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Why Apple Pay Is Only a So-So Deal for Banks

09/12/14

Apple's desire to maintain tight control of the payment experience is likely to wind up pushing banks away from iPhones and toward Android and host card emulation technology.

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The Daily Docket: Lehman Seeks Win Over Citi

09/12/14

Lehman Brothers Holdings Inc. on Thursday urged a judge to give it a quick victory over Citigroup Inc. in a fight over whether Citi can keep collecting millions in interest on $2 billion Lehman gave it shortly before its collapse. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Morning Scan: Banks Partner with Apple, but Retailers Resist; Dimon's Recovery

09/12/14

Receiving Wide Coverage ...

Apple Pay Dissected: Apple Pay "respect[s] our role in the ecosystem" of payments, said James Anderson, senior vice president of product development at MasterCard. And therein lies one explanation of why banks were apparently so eager to partner with Apple on its new payments network, despite the fact they're expected to take a hit to some revenue streams (Apple must have a lot of clout, if this statement from the Times is...

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Secured Bonds Are More Likely To End Up Distressed – Fridson

09/11/14

High-yield market guru Martin Fridson’s latest statistical deep dive this week reveals a strange paradox: secured bonds are much more likely than unsecured bonds to end up trading at distressed levels. Fridson, chief investment officer at Lehmann Livian Fridson Advisors, finds that secured bonds account for 40.2% of distressed bonds (bonds trading with risk premiums of at least 10 percentage points over comparable Treasury bonds) outstanding even though they make up just 18.6% of the overall high-yield bond universe.

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Historic Black-Owned Swim Club Seeks Bankruptcy

09/11/14

A Philadelphia-area swimming pool that opened in the late 1950s for black members who were denied access to a nearby whites-only pool has filed for bankruptcy.

Officials who put the Nile Swim Club of Yeadon into Chapter 11 protection on Wednesday didn’t explain the club’s survival plan in the seven-page bankruptcy petition.

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Banks Should Hedge Their Bets on Micro Branches

09/11/14

Micro branches have their merits Â-- but banks should be aware that changes in technology and customer preferences could render them obsolete.

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