Bankruptcy Blogs

Student Loan Bankruptcy Problem A Doozy

04/17/13
Image courtesy of Dreamstime

Image courtesy of Dreamstime

[more]

Italy's Pari Passu Scrubbing

04/17/13

Italy does not do things half-way. Of all the pari passu clauses on the planet, it had the one that most definitely, unambiguously, no-two-ways-about-it promised ratable payment to its bondholders. In English. Just search for "ratably" here. This got Italy some bloggy grief.

[more]

Government Fees, Parking Tickets May Soon Be Paid in Bitcoin

04/16/13

While some call Bitcoin an "existential threat to the state," local governments could soon embrace the digital currency and payment system as a practical alternative to credit and debit cards.

[more]

Restructuring Pros Revel in Conference Site

04/16/13
Associated Press

The Revel resort and casino in Atlantic City, N.J., hopes to check out of bankruptcy by the end of May.

[more]

Groupthink Is Defeating the Purpose of Stress Tests

04/16/13

Publication of the Fed's loss estimates, required by Dodd-Frank, has banks focused on second-guessing the regulator's model, rather than the hard work of improving enterprise risk management.

[more]

Citi CEO Basks in Glowing Coverage; Yes, There Really Is a Dollar-Sniffing Dog

04/16/13

Breaking News This Morning ...

Earnings: U.S. Bancorp, Comerica, Goldman Sachs, Northern Trust Receiving Wide Coverage ...

Tragedy: The nation remains transfixed and saddened by the events in Boston. Boston Globe, Boston Herald, New York Times

Shining Citi: Citigroup CEO Michael Corbat is basking in flattering coverage this morning after posting a 30% profit jump for the first quarter, a period when rivals' results suffered from refi droop. News accounts chalk it up to Corbat's cost cuts; the bank's...

[more]

The Daily Docket: Energy Future Looks to Cut $32B Debt

04/16/13

Energy Future Holdings Corp., the former TXU, talked about a potential bankruptcy Monday that would help erase $32 billion in debt, The Wall Street Journal reports.

[more]

How to Retain Customers While Closing Branches

04/16/13

Avoid closing locations solely based on performance, test drive outreach programs and consider other options, such as amending hours, before shuttering an underperforming location.

[more]

Small Banks Will Suffer from Big-Bank Breakups

04/15/13

Policymakers clearly don't want to harm small banks, but it's difficult to see how they can insulate us from the macroeconomic effects of some of the proposals being considered.

[more]