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banks

New Centralized Partnership Audit Regime Takes Effect

New Centralized Partnership Audit Regime Takes Effect In late 2015, Congress passed the Bipartisan Budget Act of 2015 (as amended, the “BBA”). The BBA established…

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The End of LIBOR

LIBOR, or the London Interbank Offered Rate, is the market standard for pricing financial assets, including credit cards, syndicated loans, and swaps and other derivatives,…

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Selling of Distressed Notes is Big Business

By Jeremy Cohen, partner If you told me five years ago that the selling of distressed notes by banks would become a virtual retail industry,…

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