Bankruptcy Blogs

You Call That Liquid? New Basel III Liquidity Rules Ineffectual

01/07/13

Every year that passes, politicians, bankers and even some financial regulators forget how illiquidity helped the 2008 financial crisis spread like wildfire.

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The Daily Docket: Flowers, Bimbo in Talks to Buy Hostess Bread Business

01/07/13
Reuters

Flowers Foods Inc.  and Grupo Bimbo SAB are in discussions to acquire pieces of Hostess Brands Inc.’s bread business, as the maker of Wonder Bread and Twinkies sells off assets and liquidates, said peopl

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B of A Settles with Fannie, Foreclosure Pact Within Reach, Regulators Agree to Make Basel More Flexible

01/07/13

Breaking News This Morning ...

B of A Settles with Fannie: B of A has agreed to pay $10.3 billion to settle claims that it sold bad loans to Fannie Mae. Under the terms of the settlement, the bank will pay Fannie $3.6 billion, and will also spend $6.75 billion buying back mortgages from the housing giant at a discount to their original value. The settlement is likely to wipe out B of A's earnings for...

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New Year's Resolution: Rethink Your New Year's Resolutions

01/07/13

Make sure each of your bank's initiatives is explicitly designed to eliminate uncertainties as rapidly as possible so any failures are small, quick and survivable rather than interminable and deadly.

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OCC review whistleblower

01/05/13

Adam Levitin predicted here that the "independent" review of banks' foreclosure files ordered by the OCC in the wake of the robosigning scandals would be a sham, based among other things on the adverts to hire the reviewers.  Now, one apparently overqualified reviewer has told his

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