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Greece names banker to lead government
ATHENS, Greece — Senior banker Lucas Papademos was named today to be the new prime minister of an interim Greek unity government that seeks to cement a new European debt deal and stave off national bankruptcy. Papademos, who was named after four
Updated: 11/10/2011 04:04P
Ex-banker Papademos is Greek PM
Greece on Thursday appointed senior banker Lucas Papademos Prime Minister of an interim unity government that will seek to cement a European debt deal and stave off national bankruptcy. Chosen after four tortuous days of power-sharing talks,
Updated: 11/10/2011 04:01P
Europe's Creditanstalt Moment—Is It Really 1931 Again?: News Analysis
So the European contagion is likely to progress to the point of bankruptcy, and DeLong's Creditanstalt analogy may be apt. It is sobering to consider that the economic weakness that gave rise to the Great Depression in turn led to fascism,
Updated: 11/10/2011 03:56P
Receiver files motion for control of JeffCo sewer system
In an emergency motion Thursday, receiver John Young Jr. sought a determination from US Bankruptcy Judge Thomas Bennett that he may continue operating the sewer system and is not required to turn control over to the county. The motion comes less than
Updated: 11/10/2011 03:56P
ICE calls for MF client cash CFTC confirms probe
Any further shortfall will force customers to join the bankruptcy queue as "unsecured creditors," he wrote. That will infuriate commodity traders who argue that, since only about 12 percent of the estimated $5.5 billion in segregated funds is missing,
Updated: 11/10/2011 03:56P
Former president of Bath fuel business pleads no contest to failure to pay taxes
“We believe that this was a very appropriate resolution to the case because, by working with the bankruptcy estate, we've actually recovered essentially all of the tax money that was diverted,” Bernstein said. “That may or may not have occurred if the
Updated: 11/10/2011 03:55P
ICE calls for MF client cash; CFTC confirms probe
James Koutoulas, chief executive of Typhon Capital Management in Chicago, has gathered a loose coalition of around 1200 MF Global customers who are also frozen out of their cash. As much as $55 million of his firm's money is inaccessible.
Updated: 11/10/2011 03:48P
MF Global knows its former clients' pain
As Reuters' Jeanine Prezioso reports, some are worried the bankruptcy trustee could come after those funds to force them to share in any losses. MF Global knows the feeling. It's been there, and done that. After futures broker Sentinel Management Group
Updated: 11/10/2011 03:48P
MF Global Missing Funds May Be 'Massive' Ploy, Chilton Says
The $593 million shortfall in client money at MF Global Holdings Ltd., the broker that filed for bankruptcy on Oct. 31, appears to result from a “massive hide-and-seek ploy,” Bart Chilton, a commissioner at the US Commodity Futures Trading Commission,
Updated: 11/10/2011 03:45P
CRE experts foresee challenges following JeffCo bankruptcy
As Jefferson County grapples with the realities of filing bankruptcy Wednesday, the implications for business growth and development remain uncertain. I spoke with a few development and real estate executives, who are often tasked with courting
Updated: 11/10/2011 03:39P
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