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The issue now is credit crunch in China Societe Generale
Todd Martin of Societe Generale joins CNBC-TV18 to give his take on the near-bankruptcy situation in Europe. He says that in Europe in particular, the issue has indeed been liquidity. “The euro-basis swap has been nearing the kind of crises levels that
Updated: 09/23/2011 06:04A
Howrey case enters new phase with trustee
Bankruptcy proceedings for the defunct law firm Howrey LLP are set to enter a potentially more antagonistic phase that could involve suing its former partners. On Sept. 21, Howrey lawyers agreed to the demands of its major creditor,
Updated: 09/23/2011 06:04A
Lane Carrick: Picking up the pieces
Sovereign Wealth Management founder Lane Carrick will 'start over financially' following the filing of a personal bankruptcy due to 'an unexpected and extraordinary event.' At 52, the gregarious and always upbeat Lane Carrick says he is starting his
Updated: 09/23/2011 06:01A
Dutch central bank says it considers possible Greek default
"It would not be realistic to say that possible bankruptcy is not excluded," Flore Kraaijeveld said, but she added "It's not the scenario we are focused on, we are doing everything to prevent that scenario." New Dutch Central Bank (DNB) president Klaas
Updated: 09/23/2011 05:58A
Poll: half of Germans oppose Greek bankruptcy
by AP | Sep 23, 2011 5:40 AM ET BERLIN — A poll finds that half of Germans oppose letting Greece go bust and a majority believe a Greek bankruptcy would be bad for their own economy. The ZDF television poll published Friday showed that 50 percent of
Updated: 09/23/2011 05:53A
Greece faces 'Argentine crisis' if austerity package is blocked
The latest austerity package equates to some 28 billion in spending cuts and tax hikes in order to secure 8 billion in much-needed funding from the EU and IMF to stave off bankruptcy. Public transport came to a halt in Athens on Thursday as workers
Updated: 09/23/2011 05:44A
'Gimmicks at heart of West politics'
The problem with politics based on gimmicks is that when those gimmicks become stale, the bankruptcy of the people employing those gimmicks becomes nakedly obvious and this is what we have seen today at the UN: several countries simply trying the same
Updated: 09/23/2011 05:42A
Poll: half of Germans oppose Greek bankruptcy, more believe it would harm own
By AP, BERLIN — A poll finds that half of Germans oppose letting Greece go bust and a majority believe a Greek bankruptcy would be bad for their own economy. The ZDF television poll published Friday showed that 50 percent of respondents wouldn't favor
Updated: 09/23/2011 05:41A
Saddled with debt, Wenzhou boss takes flight
The company's spectacles business reported 270 million yuan in sales revenue last year. Local sources told the newspaper that the company may face as much as 2 billion yuan in debt. If confirmed, Hu Fulin would not be the first boss to have run away
Updated: 09/23/2011 04:59A
New owners for Wellington Phoenix
Football Federation Australia (FFA) confirmed property tycoon Terry Serepisos, who has debts of more than NZ$200 million ($158 million) and is striving to fend off bankruptcy, no longer owned the club. FFA chief executive Ben Buckley said Serepisos had
Updated: 09/23/2011 04:55A
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