Bankruptcy Blogs

Harry's Here! -- Everyone Wants a Piece of NML's Pari Passu Pie

04/24/13

Just two sunny weekend days after NML et al. filed their rejection of Argentina's offer, a new batch of defaulted bond holders have come to ask the court for their piece of Argentina's pari passu distribution.

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Qualified Residential Mortgages

04/24/13

The New York Times has a major article about the Qualified Residential Mortgage rulemaking under the Dodd-Frank Act. I think there's a lot of confusion about this ruling-making. I'm going to try and clarify a few things in this post.

What Is Actually Required by the Dodd-Frank Act.

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New Girls Gone Wild Leader Sues Founder Joe Francis

04/24/13

: Reuters; Joe Francis arrives at the 2012 MTV Movie Awards in Los Angeles on June 3, 2012.

Girls Gone Wild founder Joe Francis was sued Tuesday by the adult-

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MF Again

04/24/13

The MF Global trustee filed his lawsuit against
Jon S. Corzine and other former MF Global executives.

But the complaint itself, while quite well done, makes for
rather strange reading upon further reflection.

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Time to Bring Bank Staff Back Onshore

04/24/13

Wage costs offshore are on the rise. Local talent is available in abundance and the growing popularity of digital channels has created ample cost-reduction opportunities at home.

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The Daily Docket: Yarway, Saberhagen Enter Bankruptcy

04/24/13

The remains of two long-dormant manufacturing companies—Yarway Corp. and Saberhagen Holdings Inc.—were resurrected in bankruptcy court to deal with thousands of asbestos lawsuits. Read the DBR Small Cap article here.

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Fair Lending Studies Paint Incomplete Picture

04/24/13

Analyses only consider borrowers who were offered a loan package they were willing to accept. Applicants denied a loan and applicants who turned down loans are not considered at all.

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HSBC's Job 'Demise'; SIGTARP on TBTF; Barclays Earnings

04/24/13

Receiving Wide Coverage ... HSBC's Job 'Demise': HSBC got some extra attention for what could have been a routine - and somewhat expected - job cut announcement when someone got creative with the language in its press release. In announcing plans to cut more than 1,100 U.K. jobs due to new wealth adviser regulations, the bank noted "the integration of advisers means the roles of commercial financial advisers will be demised." And then, again, a bit...

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