Bankruptcy Blogs

FERC Enforcement Actions Will Push Compliance Units into Overdrive

11/13/12

Internal governance policies should define for shareholders, employees and the public how the bank plans to effectively manage the stated risk appetite.

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Pari Passu Endgames

11/13/12

It was supposed to be a scheduling hearing, and I was supposed to be in New York for a conference. So I popped by Judge Griesa's courtroom on Friday to see about next steps in NML v. Argentina, and stumbled into a rave.

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Thinking Outside of the Box on Venue

11/12/12

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The Plot Thickens in the Bizarre Bitcoin Blackmail Caper

11/12/12

There have been some new twists in the strange case of an alleged attempt to blackmail Mitt Romney for $1 million in bitcoins, raising additional legal questions about the digital currency.

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History's Lesson for Managing a Bank in a Zero Interest Rate Environment

11/12/12

The old concept of real interest rate return is virtually nonexistent. Banks face temptation to reach for extra yield by taking more risk.

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Buzzwords Do Not Benefit the Unbanked

11/12/12

The terms 'unbanked' and 'underbanked' perpetuate the erroneous notion that everyone needs a bank account and inhibit discussion of better ways to serve the financial needs of non-traditional consumers.

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The Daily Docket: JeffCo Anniversary Edition

11/12/12

A year into Jefferson County, Ala.’s historic bankruptcy, its elected leaders aren’t the ones who are fully in control of the case’s direction. Neither are the brightest attorneys hired by Wall Street banks to protect their $3.2 billion investment in the sewer system for state’s most populated county. Read the Daily Bankruptcy Review article here.

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Pandit's Payoff, Dreaming of Wealth, Blankfein's Helping Hand

11/12/12

Receiving Wide Coverage ...

Burying the News 101: It's a PR trick as old as Wall Street. If you're going to release ugly news, do it when nobody's watching. That appears to be the play Citigroup (NYSE:C) called late Friday when just before Veteran's Day weekend it disclosed that its recently ousted chief executive, Vikram Pandit, will receive $6.7 million in pay for 2012. That's on top of $8.8 million for 2011, bringing Pandit's two-year total...

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Run Your Bank Like a Store: Fans, Not Customers, Part II

11/12/12

Comparable store growth is the core of any great retailer. If you cannot grow your existing stores, you do not deserve to expand.

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Immigration Support Affidavit Not Dischargeable in Bankruptcy

11/12/12

Chapter 7 bankruptcy debtors may not discharge certain debts including debts related to alimony, child support, and other domestic support obligations. In almost all instances domestic support obligations arise out of a civil divorce proceeding. A recent Orlando bankruptcy case considered domestic support obligations based upon an immigration matter which was litigated in federal district court.

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