Deutsche Bank Can Sue Madoff Feeder Funds Over $1.6 Billion Claims Sale
NEW YORK (Reuters) - A U.S. judge said on Friday Deutsche Bank AG may sue two offshore funds for allegedly reneging on an agreement to sell the German bank $1.6…
Tags: bankruptcies
Japan Business Leaders Call for Support Under Coronavirus Emergency
People walk around the Shinjuku neighborhood of Tokyo on Thursday night. Photo: AP/Hiro Komae
14 of the Biggest Bankruptcies of 2020—and Who Might Be Next in 2021
One industry after another saw activity grind to a near halt in March as the pandemic broke out in the United States.
Hertz Seeking Up to $1.5 Billion In Bankruptcy Financing
Hertz Global Holdings Inc. is on the hunt for a bankruptcy loan totaling as much as $1.5 billion after regulators blocked the rental car company from pursuing a sale of…
US’s Defense Production Act Kicks Kodak Into Gear
After having been comprehensively steamrolled by the move to digital cameras in recent years, the once-great American icon has been thrown an epic lifeline. After having filed for bankruptcy in…
The Retail Bankruptcy Wave May Be Subsiding….but Can It Hold?
The tsunami of retail bankruptcies, restructurings and liquidations seen since the onslaught of the COVID-19 pandemic has been of biblical proportions. In the US alone, more than 25 retailers and…
Global Real Estate Investment Continues to Plunge Across the Board
As we reported here some months ago, the Asian-Pacific region was first to profess ‘business as usual’ in the commercial bond market, with particular reference to the property markets in…
Robinhooders Set for a Monday Morning Roasting
In recent times, much has been written about the bizarre circumstances that saw bankrupt Hertz being bid by a hoard of freshly minted day-traders. In a story that will likely…
US Companies Tumble Into Bankruptcy At Fastest Pace Since 2013 Under Coronavirus Stress
The coronavirus' economic fallout is fueling Chapter 11 bankruptcy filings at the fastest pace since 2013, the Financial Times reported Tuesday. US filings totaled 3,427 on June 24, according to…
Bankrupt Hertz Terminates Controversial Stock Sale
Hertz has decided to terminate a controversial stock sale of up to $500 million following the Securities and Exchange Commission criticizing the bankrupt company’s plans.