Bankruptcy Blogs

Receiving Wide Coverage ...

Banished: The U.K.'s Financial Services Authority has banned former head of corporate lending at HBOS Peter Cummings from working in the country's financial services industry for his role in the bank's collapse during the 2008 financial crisis. Cummings was also fined £500,000 ($805,000), which the Journal notes is "the highest fine imposed by the FSA on a senior executive for management failings." The FSA imposed the penalties because it believes Cummings "pursued...

An important post over at Dealbook (no, it's not by me) about the difference between the Volcker Rule and general TBTF regulation of SIFIs under Dodd-Frank.

Regulators have a legitimate interest in overseeing activities that threaten a bank. But they should lay off bank affiliates and activities that pose no such threats.

The mother of the Consumer Financial Protection Bureau spent much of her recent prime-time performance accusing banks of dishonesty. Perhaps she should take a gander in the mirror.

A New York judge on Tuesday grilled a lawyer representing Patriot Coal Corp.’s union workers over whether the company’s bankruptcy case should be moved to Charleston, W.V., home of most of Patriot’s coal mines. Read the Daily Bankruptcy Review article here.