Bankruptcy Blogs

Get Ready to Add About $800 Million (and an Admission of Guilt) to JPM's 'Whale' Losses

09/17/13

Receiving Wide Coverage ...

'Whale' Settlement: Anonymice are telling their favorite news outlets that JPMorgan Chase is nearing an about $750 million to $800 million settlement with U.S. and U.K. regulators related to last year's pesky $6 billion "London Whale" trading loss. In a big win for the Securities and Exchange Commission, the civil settlement, which could be announced as early as this week, is expected to include an admission of wrongdoing. This admission, part of...

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Dance New Amsterdam to Vacate Studio Next Month

09/16/13

Dance New Amsterdam, the troubled nonprofit, will vacate its Manhattan dance education and performance center next month after failing to make its September rent payment.

Landlord Fram Realty will let Dance New Amsterdam, or DNA, remain in its studio at 280 Broadway through Oct. 14 under a deal that DNA’s bankruptcy judge approved on Friday. The landlord also agreed to consider any proposals from DNA to stay in the studio, court papers show.

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There Are Responsible Payday Lenders Out There

09/16/13

Many regulators and pundits overlook the distinct difference between responsible lenders who offer a safe, reliable loan product, and unscrupulous lenders who commit fraudulent acts and scam consumers.

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Next Reform Target: The Banker's Brain

09/16/13

Policy reform efforts will fall short until bankers at the largest institutions stop worshiping complexity, prioritize service and long-term relationships, and encourage employees to pipe up rather than hide problems.

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JPMorgan Should Have Gone Further to Retool Risk Governance

09/16/13

Having one risk expert on the board’s risk committee is better than none, but a bit like having a general physician in an operating room when a heart surgeon, oncologist or anesthesiologist is needed.

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JPMorgan Should Have Gone Further to Retool Risk Governance

09/16/13

Having one risk expert on the board’s risk committee is better than none, but a bit like having a general physician in an operating room when a heart surgeon, oncologist or anesthesiologist is needed.

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The Daily Docket: Judge Approves ResCap Deal With FGIC

09/16/13

A federal bankruptcy judge Friday approved Residential Capital LLC ’s $596.5 million mortgage-backed securities settlement with bond insurer Financial Guaranty Insurance Co. Read the Daily Bankruptcy Review article here.

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Summers Withdraws from Fed Chair Race; Hey, Remember the Financial Crisis?

09/16/13

Receiving Wide Coverage ...

Summers Withdraws: Big news broke over the weekend when Lawrence Summers, one of the two top candidates, took his name out of consideration for the Federal Reserve chairman spot, writing in a letter to President Barack Obama "that any possible confirmation process for me would be acrimonious and would not serve the interest of the Federal Reserve, the Administration or, ultimately, the interests of the nation's ongoing economic recovery." (Full text of...

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Mortgage Escrow Account Deficiencies Held Waived Due to Lack of Notice to Debtor During Chapter 13 Case

09/15/13

Miami Personal Bankruptcy Lawyer Jordan E. Bublick has over 25 years of experience in filing Chapter 13 and Chapter 7 bankruptcy cases. His office is centrally located in Miami at 1221 Brickell Avenue, 9th Fl., Miami and may be reached at (305) 891-4055.  www.bublicklaw.com

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