Bankruptcy Blogs

Receiving Wide Coverage ...

Low-Rate Bonanza: Breaking with tradition, both the European Central Bank and the Bank of England (separately) pledged to keep interest rates low indefinitely. The forward guidance "underscored the stakes as officials around the world try to safeguard fragile economies as financial markets swing wildly," reports the Journal. Per the FT, ECB President Mario Draghi said the timing of the two announcements, tied to meetings held by both central banks, was coincidental. He...

The industry doesn't need to invest millions in further education and legislation. The road to a good credit score is pretty straightforward.

Receiving Wide Coverage ... We've Only Just Begun: The Federal Reserve's approval of the Basel capital rules for U.S. banks drew the most attention from the major dailies. The upshot of the coverage is that the rules generally turned out as expected, though small and midsize institutions dodged some bullets. Perhaps most importantly, major fights lie ahead for big banks over several additional rules in the works — such as efforts to toughen the leverage ratio. …

The Detroit Masonic Temple has hosted pretty much every music icon in recent history—the Rolling Stones, Bob Marley, The Who and Jimi Hendrix.

But that history has not saved the Detroit venue from hardship.  The much-loved temple has made a habit of getting rescued from the brink, but with the Chapter 11 filing of its operator on Friday, it’s going to need that luck to continue.