Bankruptcy Blogs

People without an extensive derivatives background can learn about the nuances of these financial contracts. Massad's law degree, stint as Tarp adviser and global professional experience will help him achieve the CFTC's mission of derivatives reform.

To avoid incurring a customer's wrath or a lawsuit, banks should make sure new fees carry a clear value exchange, offer something new (ahem, mobile) and are easily avoided. Resist any temptation to set fee traps.

Spanish appliance maker Fagor Electrodomesticos filed for bankruptcy protection Wednesday, The Wall Street Journal reports.

Receiving Wide Coverage ...

Unveiled: The Office of the Comptroller of the Currency issued detailed guidelines for bank consultants, or "Wall Street's shadow regulators" (hmmm, where have we heard that term before?) on Tuesday. The guidelines require, among other things, that banks "disclose all work a consultant performed for the institution over the past three years" and "document disciplinary actions taken against the consultant and the resources the firm has to complete an assignment" in an...