Bankruptcy Blogs

When the OCC took over supervising thrifts, we evaluated the model being used and determined the cost to keep it viable was not justified. Superior interest rate risk models are available from dozens of vendors.

Receiving Wide Coverage ... Intergalactically Systemic: The list of really, really, waywayway too-big-to-fail banks is out, and Citigroup and JPMorgan Chase are on it. The Financial Stability Board, which is coordinating the international regulatory reform effort for the G20 economies, said Thursday that it had put the two New York banks in an echelon that would subject them to a 2.5% capital surcharge. That means that they would have to maintain common equity equal to 9.5%...

While ICBA supports further study, we hope Congress will come to the conclusion that it should never have been proposed for financial institutions that have no international exposures or are not of a certain size.

Efforts should clarify recourse risk for originators and underwriters, help realign supply and demand in the housing market and assist homeowners.

Receiving Wide Coverage ...

Back to Business: The East Coast continues along its long road to recovery post-Sandy with some subways and airports set to resume (albeit limited) service today in the tri-state area. Also back in business is the New York Stock Exchange, which reopened its doors yesterday amid much criticism that a two-day shutdown signaled insufficient disaster preparedness. Both the Journal and the Times have pretty detailed play-by-plays of how the exchange's first day...