Bankruptcy Blogs

StanChart to Settle (Again); Wells Fargo Banker Faces Insider Trading Charges; Analyzing Citi's Big Announcement

12/06/12

Receiving Wide Coverage ...

StanChart to Settle … Again: Standard Chartered expects to pay another $330 million in order to settle claims by U.S. agencies that it violated U.S. sanctions. Negotiations with the U.S. Department of Justice, the U.S. Treasury Department, the Federal Reserve and the Manhattan district attorney's office are currently underway and expected to close "very shortly." You may recall that the U.K.-based bank has already paid $340 million to settle rebel regulator Benjamin...

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How to Drive Customers to Your Bank's Website

12/05/12

Banks can get consumers to adopt online banking services by keeping websites simple, communicating a positive message and providing an interactive experience that meets immediate needs.

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Student-Loan Collections Could Be Subject to Drastic Overhaul

12/05/12

Bloomberg reports that Congress will consider overhauling debt collection in the $100 billion-a-year U.S. student loan program, replacing it with automatic withdrawals from borrowers’ paychecks tied to their income -- a system similar to those sued in the U.K., New Zealand and Australia.

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The Daily Docket: A123 Readies for Auction

12/05/12

A123 Systems Inc., the government-backed battery maker that has yet to turn a profit, is set to be the unlikely object of a bidding war when its assets hit the auction block on Thursday. Read the Daily Bankruptcy Review article here.

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Avoiding a Banking System that Is Unsafe at Any Speed

12/05/12

If we can rate the reliability, safety and efficiency of automobiles, we can do the same for bank risk management.

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HSBC Sells Insurer; EU Banking Problems; Return of the Rebel Regulator

12/05/12

Receiving Wide Coverage ...

HSBC Sells Insurer: Well, we knew this was coming. HSBC has sold its entire stake in Chinese insurer Ping An to the Charoen Pokphand Group, a conglomerate backed by Thai billionaire Dhanin Chearavanont. (Interesting to note, as most papers do, the group is primarily known for its agribusiness, not financial services, empire, "particularly the production of livestock feed, chicken farming and rice trading.") The deal netted HSBC $9.4 billion, which means, over...

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