Bankruptcy Blogs

Sam Houston State Grabs at Dead College’s Charity Money

07/12/13

Sam Houston State University officials are protesting to a bankruptcy judge that the $1 million donation belonging to its library in Hunstville, Texas, is long overdue.

For months, college officials have pointed to the will of former biology professor James D. Long, who left that donation for neighboring Lon Morris College—his alma matter—when he died in March 2009.

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The Broke and the Beautiful: Nicole Farhi Edition

07/12/13

This week on The Broke and the Beautiful, the Nicole Farhi label is in bankruptcy, and so are the former Versace mansion and former Atomic Kitten singer Kerry Katona.

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Pretty Soon We'll Be on Basel IV; Reverse Mortgage Rebuttals

07/12/13

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

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Investors Must Look Beyond Banks' Capital Ratios

07/12/13

Inconsistent calculations and disclosures usually make it impossible for investors to distinguish differences in credit risk from differences in measurement practices when comparing banks.

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JPM, Wells Kick Off Bank Earnings; GOP's Housing Plan; A Return to Glass-Steagall?

07/12/13

Breaking News This Morning ...

JPM Earnings: JPMorgan Chase's profit rose by 31% in the second quarter, thanks, in part, to gains in its investment banking business. Wall Street Journal, New York Times, Bloomberg

Wells Fargo Earnings: Wells Fargo's profit rose by 19% in the second quarter, despite rising interest rates in the mortgage market. Wall Street Journal, New York Times Receiving Wide Coverage ... ...

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The Daily Docket: Prisa Mulls U.S. Bankruptcy

07/12/13

Spanish media company Promotora de Informaciones SA , also known as Prisa, is thinking about filing for Chapter 11 in the U.S., The Wall Street Journal reports.

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Don't Throw In the Towel on Mobile Yet

07/11/13

Felix Salmon has an interesting and provocative piece arguing Why Mobile Payments Will Never Take Off. The problem, Felix observes, is that none of the mobile payment systems around really offer any improved convenience over plastic.

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Cumulative Preferred Stock Should Be Part of Tier 1 Capital

07/11/13

While the Federal Reserve’s exclusion of trust-preferred stock from Tier 1 capital is understandable, an analysis shows cumulative preferred stock can absorb losses at times of distress.

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Petters Fights to Shorten Sentence

07/11/13
Associated Press
Tom Petters in January 2002

More than three years after receiving a 50-year sentence, convicted Ponzi scheme-operator Tom Petters is looki

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