Great Recession

News & Analysis as of

New Product Development – A Big Challenge and a Potentially Big Reward

After the Great Recession began, most financial institutions focused on survival and not on innovation. Now that the economy seems to be stabilizing, thoughts have begun to turn to new ways to increase the top line. New...more

European Revolution vs. English Evolution

Update on Case Law Developments in English Restructuring This client alert will focus on three of the key recent cases of the past six months, each of which features the use of English law restructuring tools for...more

How the Great Recession Has Affected Mortgage Securitization, Servicing, and Homeownership

The house price bubble and the financial crisis exposed significant weaknesses in mortgage underwriting, the packaging of mortgage-backed securities (MBS), and the mortgage servicing industry. Over the course of the Great...more

BigLaw's Scramble to Hire the Best [Video]

July 3 (Bloomberg Law) -- Jay Grushkin, hiring partner at New York's Milbank Tweed, talks with Bloomberg Law's Lee Pacchia about how the hiring season has changed since the recession in BigLaw began in 2008. Elite law schools...more

SEC Proposes Amendments to Rules Governing Money Market Funds

On June 5, 2013, the U.S. Securities and Exchange Commission (SEC) unanimously proposed for public comment two alternatives for amending Rule 2a-7 and other rules that govern money market funds under the Investment Company...more

Holistic medicine needed to revive securitisation

In the immediate aftermath of the crisis, it’s possible that those who identified securitisation as a financing model, rather than loan origination practices, as a principal cause of the crisis were all too ready to charge...more

Financial Crisis Has Silver Lining For Advisers

While the financial crisis wreaked havoc on many retirement accounts, it had a significant upside for those tasked with minimizing the damage. Investors actually trust their advisers more today. Fidelity Investment’s “Five...more

Zimmermann: Up to 20% of AmLaw 200 "Badly Weakened"  [Video]

April 25 (Bloomberg Law) -- A substantial percentage of the nation's largest law firms enter the sixth year of the Great Recession "badly weakened," and more firms are expected to fail, according to law firm consultant Kent...more

Undue Commercial Real Estate Risks Are Bad: The Mathematical Proof of the Blindingly Obvious

I was entertaining myself early this morning by looking over a joint agency report just released entitled “An Analysis of the Impact of the Commercial Real Estate Concentration Guidance”. This report summarizes the...more

Smolinsky Sees Similarities Between Reader's Digest, Kodak [Video]

Mar. 19 (Bloomberg) -- Joseph Smolinsky, business finance and restructuring partner at Weil, Gotshal & Manges LLP, talks with Bloomberg Law's Spencer Mazyck about his representation of RDA Holding Co., publisher of Reader's...more

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