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…
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…
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 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…
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…
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…
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…
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.