Bankruptcy Blogs

On the Valuation of Hedge Funds (or Hedge Fund Managers)

05/10/13

So Felix Salmon has taken a justifiable swipe at some oddish Bloomberg articles on Citibank's spinoff of its internal hedge fund, as required by the Volcker Rule.

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The Broke and the Beautiful: Joe Francis Edition

05/10/13

This week on The Broke and the Beautiful, Joe Francis was found guilty of assault and false imprisonment, and he could get up to five years in prison. Also, rapper Young Buck’s bankruptcy case is winding down.

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The Problem with Prepaid: $45 Million ATM Heist Edition

05/10/13

The recent crime spree that netted $45 million in fraudulent ATM withdrawals adds to the many reasons banks approach prepaid products with caution.

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TBTF Is a Symptom of a Bigger Problem

05/10/13

Banks, conflicted by moral hazard, will always fight for maximum FDIC coverage at the least possible cost, since the FDIC is ultimately backed by Other Peoples Money.

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JPM Ends Long Week with New Lawsuit; RBS Names New Citizens Financial CEO; ATM Bank Heist

05/10/13

Receiving Wide Coverage ... More JPM Woes: California Attorney General Kamala Harris is suing JPMorgan Chase over alleged credit card debt collection abuses. Per the lawsuit, JPM "engaged in widespread, illegal robo-signing, among other unlawful practices, to commit debt-collection abuses against approximately 100,000 California credit card borrowers over at least a three-year period." The bank, thus far, is declining to comment on the lawsuit. Various news outlets report other enforcement actions from regulators concerning the collection

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The Daily Docket: MSR Enters Chapter 11…Again

05/10/13

John Paulson‘s hedge fund has placed real-estate investment trust MSR Hotels & Resorts Inc., which recently sold a group of its affiliated resorts for $1.5 billion at bankruptcy sale, into Chapter 11 in a bid to stymie a multimillion-dollar lawsuit filed by Five Mile Capital Partners, Daily Bankruptcy Review reports.

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