Bankruptcy Blogs

Why Big Banks' Slick Strategy Will Be Their Downfall

07/14/14

Big banks stand to lose hordes of young and dissatisfied customers to digital banking startups and tech behemoths like Google, Apple and Amazon. Community banks, on the other hand, have a more loyal base.

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The Daily Docket: Harbinger Sues U.S. Government

07/14/14

Philip Falcone‘s Harbinger Capital Partners is suing the federal government for allegedly reneging on an agreement regarding wireless venture LightSquared. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Morning Scan: Citi Announces $7B MBS Settlement, Lower Profit

07/14/14

Breaking News This Morning ... Earnings: Citigroup Receiving Wide Coverage ... Settled: It's official. Citigroup and the Department of Justice reached a $7 billion mortgage-backed securities-related settlement. Here's the breakdown: a $4 billion cash penalty paid to Justice, $2.5 billion in mortgage relief for borrowers, and $500 million to state attorneys general and the Federal Deposit Insurance Corporation, the New York Times reports. The $4 billion payment is the largest to date. Citigroup said it would take aÂ...

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The Broke and the Beautiful: Crummy Edition

07/11/14

This week on The Broke and the Beautiful, there may soon be some sweet news for Crumbs Bake Shop , and a jury said the Dodgers were partially responsible for the beating of a San Francisco Giants fan. Also, Joe Francis won’t give up the keys to two fancy cars.

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Weekly Wrap: The High Cost of Fair Lending; Breakup Debate Is Back

07/11/14

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

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Forward Motions: Energy Future Updates on Restructuring Support Agreement

07/11/14

Energy Future Holdings Corp. will on Friday present to the bankruptcy court a comprehensive report on the status of negotiations on the agreement that would form the backbone of its Chapter 11 plan.

The Friday hearing had originally been set as the date when Energy Future would press for court approval of the restructuring support agreement. But that has been delayed to allow negotiations to continue, according to Energy Future.

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How to Reform the Federal Home Loan Banks

07/11/14

Reducing the number of Home Loan banks would lower the cost of advances for community banks, leaving them with more money to lend out to their communities.

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The Daily Docket: Energy Future Could Bid up to $87.5M for Optim Plant

07/11/14

A bankruptcy auction is still weeks away, but the price of Optim Energy’s Twin Oaks power plant continues to jump, with Texas giant Energy Future Holdings Corp. signaling it could go as high as $87.5 million for the facility. Read the Daily Bankruptcy Review article here.

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Morning Scan: Fischer Backs Financial Stability Mandate; Wells Gets Into Fashion

07/11/14

Breaking News This Morning ...

Earnings: Wells Fargo Receiving Wide Coverage ...

Alibaba IPO Looms: Chinese e-commerce firm Alibaba plans to hold its initial public offering within the next few weeks, according to the Wall Street Journal. Alibaba's hotly anticipated IPO could raise more than $20 billion. The Financial Times takes a more dramatic approach to the news: Alibaba's "self-imposed deadline is in danger of slipping as the company gets close to the moment when it will have...

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