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Ally bank throws mortgage unit into bankruptcy
Ally, which become a bank in 2008 with the help of bailout money, is putting ResCap, its residential mortgage unit, into bankruptcy. What does this mean for the bank as a whole? By Douglas French, Guest blogger / November 10, 2011 A screen shot of the
Updated: 11/10/2011 10:04A
Looking For Direction On A SiriusXM Buyout
Ever since SiriusXM (SIRI) CEO Mel Karmazin was forced to enter a complex loan/convertible preferred stock agreement with Liberty Capital to avoid bankruptcy in early 2009, there has been the specter of a takeover by Liberty Media (LCAPA).
Updated: 11/10/2011 10:02A
New Greek PM: banker with market cred
A decade later, the former deputy at the European Central Bank is leading a last-ditch effort to keep his country in the currency union, and dodge a fast-approaching bankruptcy. For nearly eight years, Papademos was the quiet number two at the European
Updated: 11/10/2011 09:22A
Best in Blogs: Brooks Brothers Outfits Kermit the Frog
[Heard on the Runway] Braxton's Bankruptcy Was 'Really Great' For Her: Toni Braxton's heart is definitely “unbroken” when it comes to her bankruptcy case, in which most of her debt was discharged in August. She even has a new home in Los Angeles.
Updated: 11/10/2011 09:15A
Cascade Grain plant to reopen
Cascade Grain plant in Washington could come back into operation over the next couple of months after being shut down in 2009 because of bankruptcy. JH Kelly Ethanol, a JV between The Industrial Company and JH Kelly Holdings, acquired the plant back in
Updated: 11/10/2011 09:14A
Biggest muni bankruptcy ever puts muni investors on high alert
Jefferson County, Alabama, declared the largest municipal bankruptcy in US history, capping a more than three-year saga that turned it into one of the biggest casualties of Wall Street's credit crisis. The move yesterday by Alabama's most-populous
Updated: 11/10/2011 09:14A
Greece: Ex-Banker Papademos Becomes New PM
PTI | Athens | Nov 10, 2011 Senior banker Lucas Papademos was named today as the prime minister of the new Greek interim government, charged with keeping the debt-strapped country out of bankruptcy and firmly in the 17-nation eurozone.
Updated: 11/10/2011 09:13A
Gold up on weaker dollar, Italy weighs
LONDON (Reuters) - Gold edged up on Thursday as the dollar extended losses against the euro after better than expected job data from the United States, but worries about a disordered bankruptcy in Greece and a deepening debt crisis
Updated: 11/10/2011 09:12A
Ex-banker Lucas Papademos is new Greece prime minister
Place: Athens | Agency: PTI Senior banker Lucas Papademos was named today as the prime minister of the new Greek interim government, charged with keeping the debt-strapped country out of bankruptcy and firmly in the 17-nation eurozone.
Updated: 11/10/2011 09:08A
Banks chase developer for $100m after bankruptcy ruling
BankWest ... trying to retrieve about $28 million from property developer David Stewart Henderson. Photo: Rob Homer A HIGH-PROFILE New Zealand property developer who owes at least $100 million to Australian banks has been declared bankrupt by an
Updated: 11/10/2011 09:05A
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