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Barclays Dickers on Loan Waivers as European Banks Fight More ... - BloombergDec. 2 (Bloomberg) -- Royal Bank of Scotland Group Plc and Barclays Capital are supporting European companies with plummeting loan values by negotiating covenant waivers on their debt. Banks including London-based Barclays are negotiating a waiver of ...
Automakers' debt may be obstacle to federal loans - Associated PressDETROIT (AP) -- They'll park some corporate jets, cut executive pay and serve up concessions from the United Auto Workers, but Ford Motor Co., General Motors Corp. and perhaps Chrysler LLC also will have to address massive debts to persuade a ...
Treasury Snaps Up $40b of AIG Equity - CFO.comAmerican International Group Inc. received $40 billion from the Department of the Treasury under the Troubled Assets Relief Program. As part of the deal to help keep the insurer afloat, Treasury purchased four million shares of AIG Series D preferred ...
Icahn Sues Leon Black’s Realogy Over Debt Exchange (Update2) - BloombergDec. 2 (Bloomberg) -- Billionaire investor Carl Icahn sued Leon Black ’s Realogy Corp., over claims the company’s planned $1.1 billion debt exchange is a fraudulent transfer of money that will only delay its inevitable failure. Icahn’s High ...
Bondholders To BofA: 'These Mortgages Must Be Yours' - ForbesThe real and the ideal collided head-on Monday as bondholders sued Bank of America, saying they wanted no part of a subprime bailout. The suit, filed in New York State Supreme Court -- which is the state's main trial court -- illustrates the ...
Cut in credit lines - Straits TimesNEW YORK - THE US credit-card industry may pull back well over US$2 trillion (S$3.05 trillion) of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst ...
Signature Bank to Present at the J.P. Morgan Tenth SMid Cap Conference - Businesswire.comNEW YORK--( BUSINESS WIRE )--Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that its management plans to present its corporate story at the upcoming J.P. Morgan Tenth SMid Cap Conference. The conference ...
Stocks end day higher after Obama remarks - MSNBCNov. 26: Fla. Rep. Debbie Wasserman Schultz tells MSNBC's Norah O'Donnell she is concerned Treasury Secretary Paulson has abandoned planned mortgage buyouts and that the markets will become too reliant on government money. NEW YORK - Wall Street ...
Stocks build on recent rally ahead of holiday - WTOP RadioNEW YORK (AP) - Wall Street extended its gains into a fourth session Wednesday, rising moderately after President-elect Obama soothed investors by pledging he would have a plan to deal with the nation's economic crisis on his first day in office ...
G.M. Accepts Need For Drastic Cuts To Get U.S. Aid - Free Internet PressGeneral Motors, increasingly desperate for a federal bailout to stave off financial collapse, told Congress on Tuesday that it was willing to drastically shrink every aspect of its operations to ensure its long-term survival. On the same day that the ...
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