Bankruptcy Blogs

Guess What? Basel III Oversimplifies

05/21/13

For all their analytic complexity, the Basel capital standards simplemindedly view each type of risk in isolation. In reality, an increase in one type of risk may lower another.

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The Stockton Saga Continues: Untouchable Pensions on the Chopping Block?

05/21/13

By Barbara Altimus Shreero

Judge Christopher M. Klein’s decision to accept the City of Stockton’s petition for bankruptcy on April 1, 2013 set the stage for a battle over whether public workers’ pensions can be reduced through municipal reorganization.

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CFTC Buckles Under Pressure from Swap Dealers

05/21/13

The swap execution facility regime in Dodd-Frank, once championed as the magic pill to cure the problems in the derivatives market, is turning out to be less potent than hoped.

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Judgment Day at JPM; SAC Update; DOJ Asks Judge to Allow Case Against S&P

05/21/13

Receiving Wide Coverage ... National News: A devastating tornado swept through Oklahoma yesterday. Full news coverage: Wall Street Journal, New York Times, Financial Times D-Day for Dimon: Today is the day JPMorgan Chase shareholders will vote on a proposal to strip Jamie Dimon of his dual title as chairman and CEO. Bad news for Dimon detractors: Shareholder activists pushing for the proposal were "talking down the prospects of winning" the vote after regaining access to preliminary tallies…

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The Daily Docket: Ergen Makes Bid for LightSquared

05/21/13

Satellite mogul Charlie Ergen bid $2 billion for certain spectrum from LightSquared Inc., the bankrupt wireless venture spearheaded by financier Philip Falcone, The Wall Street Journal reports.

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Dispatch Wins Round in Columbus Exploration Bankruptcy Fight

05/20/13
Associated Press
Gold bars and coins from the S.S.
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What Will Happen to Jamie Dimon on Tuesday?

05/20/13

Following ample debate over whether JPMorgan Chase’s CEO should lose his chairman title, there’s no clear indication of how Tuesday’s shareholder vote will play out.

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Risk-Based Capital: The Good, the Bad and Mostly the Ugly

05/20/13

Use risk-based capital only as a supplement to a meaningful leverage test, combined with traditional judgment-based safety and soundness supervision.

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To Fight Laundering, Know Your Employees Along with Your Customer

05/20/13

Know-your-customer, an essential precaution, must be coupled with know-your-employees. A host of instances highlight the involvement of employees in fraudulent transactions – in most cases in league with customers.

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JPM ... Again; Subpoenas at SAC; Banks Behind on Mortgage Settlement Payments

05/20/13

Receiving Wide Coverage ...

JPM … Again: News outlet continue to closely monitor JPMorgan Chase ahead of Tuesday's shareholder vote on a proposal that could see Jamie Dimon stripped of his dual title as chairman and CEO. Dealbook reports the Council of Institutional Investors has asked the Securities and Exchange Commission "to intervene" after Broadridge, the firm that provides tabulations on these types of votes, stopped giving updates to the investors sponsoring the proposal, though the...

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