Bankruptcy Blogs

More than four years after Scott Rothstein’s

You might think overhead expenses as a percentage of average assets decline as institutions get bigger. You'd be wrong.

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CIT Goes Big: CIT Group's plan to buy OneWest Bank for $3.4 billion is a big deal in more ways than one. Not only is it the industry's biggest purchase since 2012, CIT would become "the world's first intentionally created SIFI" with $67 billion in assets, as noted by the Journal's John Carney. Investors are cheering CIT chief John Thain's decision to leap over the $50 billion asset threshold because the deal...

It’s not one of the multibillion-dollar settlements or multimillion-dollar jury awards designed to spur reform of such allegedly abusive mortgage-servicing practices as falsified court documents, improper fees and other misconduct. But a recent ruling from a Delaware judge is a step forward for people making a last stand in bankruptcy to hang on to their homes, one attorney says.

Four years after emerging from bankruptcy, CLEAR, a biometric identification service that allows customers to zip through security screenings, is preparing to open fast lanes in new airports across the country.

According to CLEAR President and Chief Financial Officer Ken Cornick, the Manhattan company, whose screening services are available at nine U.S. airports, will enter McCarran International Airport in Las Vegas, a hub for many conferences and conventions. The new lanes could open as soon as next month.