Bankruptcy Blogs

Community banks can still generate solid returns and take on larger competitors. The ones that shutter are those that have failed to modernize and adapt to the changing times.

Anyone still waiting for justice with respect to the role that large banks played in the financial crisis had to be disappointed in a New York appeals court's ruling in a case involving a settlement agreement between Citigroup Global Markets and the Securities and Exchange Commission.

Receiving Wide Coverage ...

Suisse Weighs Spinoff: Credit Suisse may spin off a part of its fixed-income trading business. The Swiss lender is considering selling a stake in its Wake USA subsidiary to outside investors and making it an independent operation, according to anonymice. The move would be "designed to cut its capital costs, as banks around the world face declining revenues from trading bonds," the Financial Times reports. The Wall Street Journal has a similar...

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Good bankruptcy attorneys spend a lot of time talking with their clients. They give them an awful lot of information. Sometimes clients forget.

This week on The Broke and the Beautiful, we’ve got more details on Lenny Dykstra’s upcoming biopic, and investors in ex-teammate Curt Schilling’s 38 Studios see some love in Rhode Island’s budget.  Also, a bankruptcy trustee is asking a judge to hold Joe Francis in contempt of court.