Bankruptcy Blogs

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Tough New Big Bank Requirement: The eight biggest banks in the U.S. may have to add up to a total of $68 billion in capital to meet a new leverage ratio finalized by regulators. Under the rule, banks with more than $700 billion of assets will have to must meet a 5% leverage ratio, and 6% at their federally insured banking units. The ratio, approved by the Office of the Comptroller of...

Calumet Photographic Inc., the photography retail chain whose abrupt shuttering and bankruptcy filing surprised customers, has found a buyer for some of its assets.

On its surface, the initial plan for a central bank looked like a fair deal for a country as geographically spread out as the United States. What did not receive publicity was the way in which it was structured to provide an easy supply of money to the nation's biggest banks.

Puerto Rico’s finance arm hired restructuring lawyers at Cleary Gottlieb Steen & Hamilton LLP, as the troubled island battles a weak economy and perpetual budget deficits, the Wall Street Journal reports.