Bankruptcy Blogs

Morning Scan: So Much for a Goldman Tell-All; HSBC Bonus Spin

02/25/14

Receiving Wide Coverage ... Unmasked: Andrew Ross Sorkin has discovered the secret identity of the person behind @GSElevatorGossip, a popular Twitter handle that purportedly discloses comments overheard in Goldman Sachs' elevators and, surprise, surprise, the guy never worked at Goldman. Per Dealbook, the Twitter user is John Lefevre, a 34-year-old former bond trader now based out of Texas who did work at Citi for seven years. He also apparently was offered a job at Goldman atÂ...

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Ted Eisenberg, Remembering a Great and Kind Scholar

02/25/14

On behalf of the Credit Slips bloggers, I want to extend our sympathy to the family and friends of Professor Ted Eisenberg who passed away suddenly on Sunday. Ted worked in the areas of civil rights, the death penalty, and bankruptcy. He also was a pioneer in the field of empiricial legal studies. The scholars who participate on Credit Slips owe Ted a huge intellectual debt. His work was greatly influential on my own scholarship.

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The Volcker Rule: Mission Impossible

02/24/14

Continued focus on this single, but complex Dodd-Frank provision will distract bank managers and regulators from finding ways to make the global financial system healthier.

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The Daily Docket: Freedom Industries to Shut Operations

02/24/14
Steve Helber/Associated Press
Workers inspect an area outside a retaining wall around storage tanks where a chemical leaked into the Elk River at Freedom Industries storage
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The Daily Docket: Freedom Industries to Shut Operations

02/24/14
Steve Helber/Associated Press
Workers inspect an area outside a retaining wall around storage tanks where a chemical leaked into the Elk River at Freedom Industries storage
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Regulators Must Preempt Volcker Fire Sales

02/24/14

Prohibiting future ownership of unstable CLOs is probably a good thing. Forcing a select group of banks, however, to sell these assets over a short time is not the optimal solution.

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Morning Scan: Fed Gives Everyone a Reason to Revisit the Financial Crisis; HSBC Earnings

02/24/14

Receiving Wide Coverage ... HSBC Earnings: HSBC's profit rose 9% last year to $22.6 billion, a sum that was short of analysts' $24.5 billion expectations. Per the Journal, "shutting businesses and the continuing runoff of its U.S. consumer finance business" hurt revenue. The bank addressed investor concerns over its exposure to emerging markets, particularly Asia, saying it was "optimistic about the longer-term prospects," but that it did "anticipate greater volatility in 2014." HSBC revealed it plansÂ...

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Eligibility Conditions for Discharge Under the New Spanish Personal Insolvency Regime

02/22/14

My previous post announced my intention to focus on the new Spanish Insolvency Law’s differences between individual debtors with or without business activities.

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