Bankruptcy Blogs

Why Banks Have Trouble Getting Compliance Right

05/21/14

If banks and supervisors are serious about achieving regulatory excellence, they need to make the people in charge of product lines take ownership of compliance.

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The Daily Docket: Brookstone Creditors Cleared to Vote on Exit Plan

05/21/14
Konrad Fiedler/Bloomberg News

Brookstone Holdings Corp.’s creditors can begin voting on a bankruptcy-exit plan that relies on the sale of the specialty retailer at an upcoming auction.

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Morning Scan: Credit Suisse and Political Theater; Ex-JPM Big Fang Fang Arrested

05/21/14

Receiving Wide Coverage ...

Suisse Plea, Take Two: Credit Suisse chief executive Brady Dougan said in a Tuesday conference call that he never considered stepping down during the course of the U.S. government's investigation over whether the Swiss banking giant helped Americans evade taxes. But Dougan apparently came closer to losing his job than his comments suggest. The bank's board members considered asking Dougan to step down in exchange for an assist from the Swiss government,...

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Why Replace Chapter 7 Bankruptcy Trustees Now?

05/21/14

NowHiring-Flickr-413132671When someone leaves a job, is it always necessary to replace them?  The bankruptcy system’s watchdog seems to think so, even if that makes little sense.

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Credit Suisse Got Off Too Easy: Twitterati

05/20/14

The consensus on Twitter is that a $2.6 billion fine for helping wealthy Americans evade taxes is not punishment enough for the Swiss banking giant.

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Trouble at TelexFree: Unraveling the Litigation

05/20/14

TelexFree LLC, a Massachusetts Internet calling service provider, stands accused of operating one of the largest pyramid schemes in history.  The company, now in bankruptcy, is facing civil fraud charges brought by the Securities and Exchange Commission, and its owners have been criminally charged.

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Lazard, FTI to Advise Creditors Committee in Energy Future Bankruptcy

05/20/14
The TXU Monticello Steam Electric Station power plant near Mt.
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How to Help the Hard-to-Reach Unbanked

05/20/14

There are a lot of great programs aimed at helping low-income people improve their financial circumstances. One problem: figuring out how to connect with them in the first place.

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Regulators Must Bolster Homeowner Protections

05/20/14

Seven years after the onset of the housing crisis, many homeowners continue to face unfair and unnecessary foreclosures. Regulators can help remedy the situation by prioritizing greater transparency in mortgage relief and securing funding for housing counselors and legal advocates.

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