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Fallout from Citi's Mexican Subsidiary Fraud: The alleged fraud at Citigroup's Mexican subsidiary, which resulted in a $400 million loss, cost 11 more employees their jobs on Wednesday. A Wall Street Journal investigation into what went wrong claims that Banamex, Citi's Mexican unit, "showered loans" on the troubled oil company Oceanografia despite warning signs of fraud that caused other major banks to pull back their lending to the company. Among the red...

For the past two years, Charles Ergen, chairman and co-founder of Dish Network, and Philip Falcone, manager of Harbinger Capital Partners, have been doing battle in the Chapter 11 case of mobile communications company LightSquared Inc.  LightSquared, primarily owned by Harbinger and controlled by Falcone, holds spectrum rights potentially worth billions of dollars, but was forced to seek bankruptcy protection in 2012 following its failure to obtain crucial FCC approvals. 

The Los Angeles bankruptcy bar is shuffling once again, this time through the combination of bankruptcy boutique Peitzman Weg LLP and litigation firm Robins, Kaplan, Miller & Ciresi LLP.

Banks should view the recent influx of regulations on small-dollar credit loans as a chance to develop products that are at once profitable and safe for consumers.

Federal bankruptcy monitors have named seven creditors to the influential panel that will speak for unsecured creditors in the $42 billion bankruptcy of Energy Future Holdings Corp. Read the Daily Bankruptcy Review article here.