Bankruptcy Blogs

Round One in the Books: Oral Argument in NML v. Argentina

04/23/14

On Monday, lawyers for NML and Argentina (with a cameo by lawyers for the US Department of Justice) were before the Supreme Court arguing about the scope of a US court's power to order discovery in aid of execution.

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It's Time for the Industry to Embrace Phased-In, Same-Day ACH

04/23/14

Those in the industry say customers aren't asking for specific same-day capabilities. Could it be that they aren't asking because they are finding solutions elsewhere?

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The Daily Docket: GM Spars With Victims’ Families Over Liability

04/23/14
Reuters

People who are suing General Motors Co. over an ignition-switch defect want a bankruptcy judge to declare that the auto maker’s government-orchestrated sale in 2009 doesn’t shield it from liability for

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The Daily Docket: GM Spars With Victims’ Families Over Liability

04/23/14
Reuters

People who are suing General Motors Co. over an ignition-switch defect want a bankruptcy judge to declare that the auto maker’s government-orchestrated sale in 2009 doesn’t shield it from liability for

[more]

Morning Scan: Citi's Corbat's Pay Approved; Fed Looks to Lower Bond Buys

04/23/14

Receiving Wide Coverage ...

Pay Up: Citigroup CEO Michael Corbat's pay package was blessed by shareholders at Citi's annual meeting in St. Louis; proxy advisory firms Glass Lewis and Egan-Jones had recommended rejecting Corbat's pay, the Wall Street Journal reported. Even so, pension fund giant Calpers voted in favor of the pay packages, the FT said. Shareholders approved all other proxy questions at the two-hour meeting. All this in spite of Citi's recent round of embarrassments:...

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'Operation Choke Point': Way out of Control

04/22/14

The place to debate whether payday lending or any other business should be allowed to operate and have access to the banking system is in the halls of Congress and state legislatures, not in the backrooms of government bureaucracies.

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Time to Settle for GSE Restructuring?

04/22/14

A mediocre solution as unappetizing as that may be, in the long run, is preferable to no solution at all in the secondary mortgage market.

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Why Bank CEOs Barely Rate as 'World's Greatest Leaders'

04/22/14

In order for bank CEOs to be included on any "great leaders" list, trust with customers, employees and shareholders must be strong.

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Want to Boost Branch Traffic? Partner with Retailers

04/22/14

Community banks need a steady flow of prospects. A partnership with a successful retail concept virtually guarantees constant customer traffic.

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The Daily Docket: Genco Enters Chapter 11 Bankruptcy

04/22/14

New York shipping tycoon Peter Georgiopoulos’s Genco Shipping & Trading filed for Chapter 11 bankruptcy protection Monday, with a prepackaged restructuring plan that was hammered out with creditors and unveiled earlier this month. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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