Bankruptcy Blogs

The Broke and the Beautiful: Equestrian Edition

06/27/14

This week on The Broke and the Beautiful, Frank McCourt isn’t just horsing around with an equestrian jumping show, and soccer’s not so popular in Pittsburgh even amid World Cup fever. Also, a gal pal of Armand Assante is in some trouble.

[more]

Weekly Wrap: Brat Garbles GSE Narrative; Looking Back on Basel II

06/27/14

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

[more]

Forward Motions: American Airlines Professionals Seek Fee Payments

06/27/14

On Tuesday in Manhattan, a judge will consider approving nearly $400 million in fees and expenses for the professionals who worked on the American Airlines bankruptcy.

The amounts were recommended by fee examiner Robert Keach, a former American Bankruptcy Institute president who said the attorneys and advisers engineered “perhaps the most efficient airline reorganization case on record.”

[more]

Why Some Banks Are Measuring Mortgages Wrong

06/27/14

Many banks measure mortgages as they would any other consumer product. But the unique, complex nature of mortgage activity necessitates measuring origination net revenue separately from the bankÂ's decision about whether to invest in the originated loan.

[more]

The Daily Docket: Scapped Vegas W Hotel Project Entities Enter Bankruptcy

06/27/14

Five entities with a stake in land where the ambitious Las Vegas W hotel was supposed to be built filed for bankruptcy in Nevada on Wednesday. Read the Daily Bankruptcy Review article here.

[more]

Morning Scan: BNP's $8.9B Deal Expected Monday; Will Dark Pools Dry Up?

06/27/14

Receiving Wide Coverage ...

Barclays' Dark Pool Dries Up: New York Attorney General Eric Schneiderman's civil lawsuit against Barclays is proving bad for the British lender's business. Big banks including Credit Suisse, Deutsche Bank and Royal Bank of Canada ditched the lender's dark pool on Thursday in the wake of allegations that Barclays mislead investors about its dealings with high-frequency traders. Meanwhile, Barclay's dark pool trading venue "was overloaded by a high volume of inquiries from...

[more]

Sound and Fury, Signifying... Contempt for Argentina?

06/26/14

Ordered not to carry out its planned swap into local-law (and local payment) bonds, Argentina has now deposited funds for the June 30 payment with Bank of New York Mellon, trustee under the exchange bonds.

[more]

We Have Our "Nope"

06/26/14

As expected, Judge Griesa has reportedly denied Argentina's request for a stay.

[more]

The Examiners: J. Scott Victor on Municipal Distress

06/26/14

As Detroit nears a crucial point in its restructuring, what lessons does the city’s historic bankruptcy offer troubled municipalities?

[more]

The Examiners: Mark J. Roe on Municipal Distress

06/26/14

As Detroit nears a crucial point in its restructuring, what lessons does the city’s historic bankruptcy offer troubled municipalities?

[more]