Bankruptcy Blogs

Why Debit Cards Will Survive with Lower Swipe Fees

09/03/13

Doomsayers conveniently forget that the business case for introducing debit cards was one of cost avoidance for the banks, not revenue.

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What Banks Should Know About Arbitration

09/03/13

Banks can still use properly tailored arbitration provisions to cut off class actions. Provisions should be explicit; silence is not a bank's friend when it comes to arbitration agreements.

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The Daily Docket: Kodak Likely to Leave Chapter 11 Tuesday

09/03/13

Eastman Kodak Co. is likely to officially leave bankruptcy Tuesday, USA Today reports.

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B of A and Citi Scale Back; Global Regulators Eye Bank 'Bail-In' Plans

09/03/13

Receiving Wide Coverage ...

Downsizing: Bank of America is selling its stake in China Construction Bank for up to $1.5 billion, reports the Journal, which obtained a term sheet on the deal. The bank has yet to comment on the reason for the sale, but the article notes "market experts remain wary about Chinese banks' asset quality after a huge credit boom in China aimed at stimulating the country's economy in the last few years." Bank...

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Another Lottery Story with a Bankruptcy Angle

09/02/13

cash windfall and bankruptcyI ran across an interesting lottery story with an interesting bankruptcy twist. 

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Wells' Stumpf on Community Banks; Community Banks on Stumpf; The Evolving Housing Market

08/30/13

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

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The Broke and the Beautiful: Superhero Edition

08/30/13

This week on The Broke and the Beautiful, Detroit is getting some superheroes. Also, Girls Gone Wild founder Joe Francis earned some jail time, and well-wishers are putting together a legal defense fund for Teresa and Joe Giudice.

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Regulators Made Questionable Call on QRM Rule

08/30/13

Government-mandated risk retention is not an answer to the problem of bad loans being bundled up and sold to unsuspecting buyers. A better approach is to make sure that MBS purchasers have access to good loan-level data about what they are buying.

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The Real Reason Corker-Warner Has Bipartisan Backing

08/30/13

By pretending to treat the guarantee problem as actuarial rather than political, Corker-Warner can garner the support of traditional lending and housing lobbies that historically supported Fannie and Freddie.

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