Bankruptcy Blogs

Objection to Chapter 13 Confirmation or Motion to Dismiss? Now the Hard Word Starts

06/24/13

Last week, I was reminded about the importance of taking care of Chapter 13 business early.  I got stuck in court for 4 hours waiting to have a 45 second conversation with the Chapter 13 trustee.

[more]

Too Much Equity? If Anything, Brown-Vitter Asks Too Little

06/24/13

More equity would enable banks to absorb more losses without becoming distressed or needing taxpayer support. Long-term debt is a poor substitute, particularly for the largest banks.

[more]

Central Banks Issue Warning; Citi Enters Iraq; Banks Support Bail-in

06/24/13

Receiving Wide Coverage ...

Central Banks Warn Private Sector to Act: The world's central banks have done their job; now it's time for political leaders to do theirs. That's the message delivered by the Bank for International Settlements, colloquially known as the central bankers' bank, in the wake of Federal Reserve Chairman Ben Bernanke's comments that the Fed may slow its bond-buying program later this year. "Cheap and plentiful central bank money had merely bought time,"...

[more]

Why Bank M&A Is About People as Much as Numbers

06/21/13

Two American Banker staffers who cover mergers and acquisitions have a confession to make. We sometimes get so enmeshed in the arcane numbers behind bank deals that we overlook what really makes them tick: the human element.

[more]

Critiquing Corker-Warner; The Great Privacy Debate Continues

06/21/13

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

[more]

In-Person Bitcoin Exchanges Are Thriving

06/21/13

Given the robustness of trade in some large urban areas, it is entirely possible to earn a living from buying and selling bitcoin.

[more]

The Broke and the Beautiful: BSB Edition

06/21/13

This week on The Broke and the Beautiful, the Backstreet Boys are still dealing with the fallout of boy-band mogul Lou Pearlman. Also, film financier David Bergstein gets some new lawyers.

[more]

Lawsky Strikes Again; Housing Market Watch; More Supervision for Bank Consultants?

06/21/13

Receiving Wide Coverage ...

Lawsky Strikes Again: Benjamin Lawsky has certainly had a busy week. The New York state regulator followed up his $10 million Deloitte settlement with a $250 million settlement with Bank of Tokyo-Mitsubishi UFJ over money-laundering allegations on Thursday. True to form, the settlement upstages an $8.5 million fine the Japanese bank paid to federal regulators last December. (Scan readers will recall that last year, Lawsky reached a $340 million money-laundering settlement with...

[more]

The Daily Docket: Judge OKs Kodak Deal to Settle U.K. Pension Claim

06/21/13

A bankruptcy judge approved a key component of Eastman Kodak Co.’s restructuring Thursday, allowing the company to hand its personalized-imaging and document-imaging businesses to U.K. retirees. Read the Daily Bankruptcy Review article here.

[more]