Bankruptcy Blogs

Let Banks Trade Securities - It's Where Their Future Lies

09/06/12

The capital markets are where growth is occurring today and if banks want to be profitable in the future they won't be able to do it solely or even principally by making loans.

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Yes Virgninia, There Is Life After Bankruptcy!

09/05/12

I received a telephone call the other day from a former client.  She stated that she and her husband had just recently built their own house.  I was very pleased to hear this and very happy for them.  These folks had previously filed bankruptcy.  And now, here they are moving into their new home.

Understandably, people are very nervous about bankruptcy.  It can be a confusing and scary process.  But, as these people can attest, there can be financial life after bankruptcy.

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Auditors Give Banks a Pass on Reserves, KPMG Report Shows

09/05/12

The Public Company Accounting Oversight Board's first report this year on a Big Four firm confirms my long-held suspicion: Auditors have been too easy on banks when they book reserves for loan losses and repurchase demands.

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Banks and Nonbanks in Same Fields Should Be Regulated the Same

09/05/12

Financial institutions that do the same things should have the same oversight. Unfortunately, we're a long way from regulatory parity, even after Dodd-Frank.

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No Financial Institutions are Systemically Important

09/05/12

Designating certain companies as systemically important accomplishes nothing more than putting them into a closer relationship with the government, making the designation itself a self-fulfilling prophecy.

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Second Circuit To Weigh In On Trading of Bankruptcy Claims

09/05/12

The Second Circuit Court of Appeals recently heard arguments in a case that could have substantial implications on the trading of bankruptcy claims. While the court could choose to resolve the case, Longacre Master Fund, Ltd. v.

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Extend and Broaden the Mortgage Debt Relief Act Now

09/05/12

If Congress fails to extend this 2007 law, millions of already-struggling families would face a substantial tax bill shortly after working out a deal with their mortgage lender - undermining short sales and other foreclosure prevention efforts.

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Frugal Consumers Will Drive Widespread Mobile Adoption, While Cheap Bond Traders Hamper Breaking up Big Banks

09/05/12

Receiving Wide Coverage ... Spanish Bank Launches Big IPO: Spain's Banco Santander is launching an initial public offering of its Mexican unit in an effort to raise up to $4.2 billion as the Spanish economy continues to falter. The Madrid-based bank will sell as much as 24.9% of its aptly named Santander Mexico unit with shares costing between 29.00 and 33.50 pesos each. Santander is one of the few Spanish banks still able to issue debt,...

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Even Tech-Savvy Customers Respond to a Little Heart and Soul

09/05/12

Few things cut through the skepticism many folks hold toward a business (or even industry) as much as genuine, altruistic actions.

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