Bankruptcy Blogs

Should Faster Payments Be a Top Industry Priority?

12/05/13

Nacha says the industry wants faster processing and is “working to make it happen in a way that is a win-win for all.” The biggest banks are in no rush.

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Bankruptcy Beat Snapshot: Michael McGrail

12/05/13
Michael McGrail

More than a decade ago, Michael McGrail was one of Tiger Group’s first employees.

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Bankruptcy Beat Snapshot: Michael McGrail

12/05/13
Michael McGrail

More than a decade ago, Michael McGrail was one of Tiger Group’s first employees.

[more]

Regulators Get Tougher on CRA as Bank M&A Deals Get Smaller

12/05/13

As consumer groups turn their attention to smaller institutions, they bring lending disparities to regulators’ attention. The regulators seem to take these issues more seriously than during bank megamergers’ heyday.

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Union Seeks to Speed Up Detroit Bankruptcy Appeal

12/05/13
Bill Pugliano/Getty Images
Sharon Levine, lead attorney for the American Federation of State, County, and Municipal Employees (AFSCME), speaks to the media following a hearing.
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Union Seeks to Speed Up Detroit Bankruptcy Appeal

12/05/13
Bill Pugliano/Getty Images
Sharon Levine, lead attorney for the American Federation of State, County, and Municipal Employees (AFSCME), speaks to the media following a hearing.
[more]

The Daily Docket: Lehman Looks to Sell D.E. Shaw Stake

12/05/13

Lehman Brothers Holdings Inc.’s estate wants to sell its 20% stake in hedge fund D.E. Shaw Group, The Wall Street Journal reports.

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The Daily Docket: Lehman Looks to Sell D.E. Shaw Stake

12/05/13

Lehman Brothers Holdings Inc.’s estate wants to sell its 20% stake in hedge fund D.E. Shaw Group, The Wall Street Journal reports.

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The Real Questions to Ask at Volcker's Unveiling

12/05/13

There seems to be undue emphasis being placed on a provision that, generally, would have done nothing to avoid the recent financial crisis. Ultimately, however, the Volcker Rule has to be judged like any other regulation: do its benefits outweigh its costs?

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Fifth Third Settles with SEC; EU Rate-Rigging Fines Revisited; Pandit the Disruptor

12/05/13

Receiving Wide Coverage ...

On the Regulatory Horizon: An anonymouse tells the Journal that the forthcoming Volcker Rule won't allow banks to use "portfolio hedging," thanks to JPMorgan Chase's whole "London Whale" debacle. "Regulators, in response to [JPM's disclosure its trades were a hedge], pushed to write a rule that would ensure banks couldn't engage in such trades," the paper reports. "The move will come as a blow to banks, which lobbied regulators to keep language...

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