Bankruptcy Blogs

Bank Risks Must Be Made Clear to Investors

08/01/14

Today's investors realize how little they understand banks' risk exposures and are skittish about providing risk capital. The solution is to create transparent bank reports that present information in a clear, accessible manner, according to Vincent Papa of the CFA Institute.

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Bill Would Let ‘Medically Distressed’ Cast Off Student Loans

08/01/14

A Rhode Island lawmaker slipped a potential gift for debt-laden graduates into his proposal to tweak the consumer bankruptcy rules: a provision allowing those with crushing medical bills to eliminate their student loans, too.

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Morning Scan: Who's Calling Who TBTF?; Overdraft Fees Under a Microscope

08/01/14

Receiving Wide Coverage ...

GAO No Help on TBTF: So are certain banks "too big to fail"? The release of the Government Accountability Office's report on Thursday did little to answer that question, with both sides claiming victory, as an American Banker article noted Thursday. The Financial Times quoted Paul Saltzman of the Clearing House (the group representing JPMorgan Chase, Citi and other big Wall Street firms) saying, too big to fail "perceptions have substantially diminished."...

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The Daily Docket: New World Resources Enters Bankruptcy

08/01/14

Dutch coal miner New World Resources NV filed for bankruptcy protection in a U.S. court on Wednesday while officials negotiate cuts to the roughly EUR825 million ($1.1 billion) debt owed by the company, which has struggled to profit amid depressed global coal prices. Read the Daily Bankruptcy Review article here.

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Three Steps Toward Making Better Margins on Mortgages

07/31/14

Banks can boost mortgage profits with the help of direct call centers and products like adjustable-rate mortgages and jumbo loans, writes Stratmor Group's Garth Graham.

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Injunction Math: Acceleration and the Incredible Shrinking Payment Percentage

07/31/14

If some or all of Argentina's Exchange Bond holders accelerate their bonds after last night's default, the amount Argentina owes NML et al. under the terms of Judge Griesa's injunction could plummet.

Here is the relevant language:

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Q&A: How Can Lenders Navigate Health Care Bankruptcies?

07/31/14
Reuters/Scott Audette

When a health-care company, particularly a hospital, files for Chapter 11 protection, it’s not your typical bankruptcy case.

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Why We Should Scrap Mortgage Interest Deductions

07/31/14

The mortgage interest tax deduction is supposed to encourage homeownership among low- and middle-income Americans. But it primarily benefits higher-income taxpayers, according to a new study from the Mercatus Center at George Mason University.

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The Daily Docket: Judge Says Lehman Trustee Can Create $3B Fund for Creditors

07/31/14

A judge on Wednesday said the trustee unwinding Lehman Brothers Inc. could create a $3 billion-plus fund to pay back unsecured creditors of the brokerage. The Wall Street Journal has the Daily Bankruptcy Review article here.

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