TITLE

Special Cases: Parent Fails, Bank Lives

AUTHOR(S)
Petrou, Karen Shaw
PUB. DATE
November 2009
SOURCE
American Banker;11/11/2009, Vol. 174 Issue 204, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Opinion
ABSTRACT
In the article the author discusses the bankruptcy cases of the bank holding companies CIT and Capmark. She is critical of members of the financial and banking sectors who have suggested that banks do not need to be separated from their subsidiaries prior to declaring bankruptcy. She is supportive of proposed legislation which would separate banks from their subsidiaries prior to bankruptcy.
ACCESSION #
45137529

 

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