Bankruptcy Blogs

Seven Steps to a Bank Reinvention

10/17/12

Nonbank competitors are forcing financial institutions to utilize new skills sets. Conservative thinkers must now be imaginative, followers must become visionaries and the risk adverse must embrace uncertainty. Here's how to develop a forward-looking strategy in the changing landscape.

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Thanks, But No ‘Danke Schoen’ for Wayne Newton Museum

10/17/12
Associated Press
Wayne Newton performs during the 100th Anniversary celebration of Arizona’s statehood, Tuesday, Feb.
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The Daily Docket: Satcon Enters Bankruptcy

10/17/12

Satcon Technology Corp. filed for Chapter 11 protection. Click here to read the story in DBR Small Cap.

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Never Send a Shy Technocrat to Do a Low-Profile Leader's Job

10/17/12

Breaking News This Morning ...

Earnings: Bank of America, Bank of New York Mellon, Comerica, US Bancorp, First Republic, M&T Receiving Wide Coverage ...

Citi's Shakeup — The "Why": The surprise resignation of Citigroup CEO Vikram Pandit "was the culmination of months of growing board disenchantment," says the Journal. Citi's failing the most recent stress tests, shareholders' thumbs-down in the last say on pay vote, and the stock's overall poor performance during his five-year tenure fueled the frustrations....

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Customers Want 'Lighter, Not Fewer' Branches

10/17/12

Bricks-and-mortar locations aren't yet obsolete. Leading banks are responding to changing consumer demands by developing specialized branch formats, increasing their focus on advice and emphasizing proactive engagement with customers.

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Alternatives to Bankruptcy: Is A Debt Management Plan Right For Me?

10/17/12

I have been discussing alternatives to bankruptcy that started with my first post.  We have now come to an alternative of dealing with your debts through what is called a “debt management plan” or DMP.

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Amex's Bluebird Is a No-Fee Checking Account, Not a 'Prepaid Card'

10/16/12

If your bank is gung-ho to issue prepaid cards, think again. Focus on how to retain checking account customers, rather than emulating Green Dot and Chase and issuing fee-based "prepaid cards" as a new (already outdated) product.

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We've Seen This Movie Before - The Return of Covenant Lite and PIK-Toggle Debt

10/16/12

Even as the financial crisis of 2008-09 began to ebb, the so-called “wall of debt” loomed large. Hundreds of billions of dollars of leveraged and high yield debt issued during the irrational exuberance era was coming due by 2014, threatening to drive up default rates and posing an ongoing threat to the health of the international financial markets. 

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