Bankrupt Banking

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Bond defaults 'relatively low'

Hong Kong Standard 17 Jan 2019

Regardless of the fact that more than 10 mainland property firms reportedly went bankrupt last year, deputy governor of China's central bank Pan Gongsheng said the default rate in China's bond market was relatively low, saying that the corporate debenture bonds default rate was ......

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Financial services firm Univest is bringing back an old Philadelphia name to capitalize on the brand

Philadelphia Daily News 16 Jan 2019

Girard even backed the War of 1812 with his own money when the Government was about to go bankrupt” after populist Democrats had shut down the nation’s central First Bank of the United States, in Philadelphia, Norris added ... remaining banks have been sold to out-of-state companies....

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Don't be fooled by California's PG&E bankruptcy.

Democratic Underground 15 Jan 2019

In trump's case, years ago, Wilbur Ross, then one of the owners of Bank of Cyprus, arranged for Trump to have 450.000 ....a MONTH... when he bankrupted the casinos ... Guess which one went bankrupt? ... the bankrupt laws for that purpose....

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PG&E's $30 billion in potential liabilities is worrying debt holders who fear they won't be paid

Business Insider 15 Jan 2019

PG&E's woes have battered investors in the stock. Holders of the company's bonds are growing worried, too ... PG&E shares lost more than 52% on Monday, and are down 25% on Tuesday as of 10.00 a.m ... It is very unusual that high yield borrowers go bankrupt before they join the high yield index, a scenario that Bank of America dubs a "failing angel." ... ....

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'It was crazy': Farming titan among the survivors of ‘80s crisis

The Jamestown Sun 15 Jan 2019

The bank turned to David, then age 28, to take a loan as primary operator of the 13,000 acres ... In 1982, even as Norwest Bank (later Wells Fargo), put the pressure on, David was still optimistic ... Arvel, later bankrupted with $13 million in debt, supplied the people to run the machines that circled banks and disrupted business for part of a day....

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Marmaras Navigation picks up Nissen Kaiun kamsarmax

Splash24/7 14 Jan 2019

... and four kamsarmaxes to its fleet, the kamsarmaxes all picked up via bankrupt Toisa in bank sales....

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Banks’ Hanjin exposure credit negative – Moody’s

The Manila Times 14 Jan 2019

Five of the country’s biggest banks could see their credit ratings fall given their exposure to a bankrupt Korean-owned shipbuilder, Moody’s Investors Service indicated on Monday ... BDO Unibank, Inc., Rizal Commercial Banking Corp. (RCBC), Metropolitan Bank & Trust Co....

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This fish kill is a tragedy – but it is no surprise

The Observer 14 Jan 2019

Anyone who has seen the video of rotting fish along a 20-kilometre reach of the Darling River near Menindee Lakes in New South Wales must wonder how we got to this point . ' ... Read more ... The river is like a piggy bank, if you keep taking money out without saving for the future you end up bankrupt – and just when you need it the most ... How toxic is that? ... ....

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Hanjin default to ‘hurt’ but won’t hamper banks

The Manila Times 13 Jan 2019

Local banks with loan exposures to a bankrupt Korean-owned shipbuilder will be working together to address the potential impact of a looming multimillion-dollar default, a Cabinet official said ... Hanjin, which last Tuesday filed for corporate rehabilitation, reportedly owes Landbank — along with BDO Unibank, Inc., Rizal Commercial Banking Corp....

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Trump’s ties to the Russian mafia go back 3 decades

Vox 12 Jan 2019

It’s well known that Trump likes doing business with gangsters, in part because they pay top dollar and loan money when traditional banks won’t, so it was a win-win for both sides ... Recall that Trump was $4 billion in debt after his Atlantic City casinos went bankrupt....

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Jitters over Hanjin debt lead PH shares lower

Inquirer 11 Jan 2019

Jitters over the $412-million debt owed by bankrupt Korean shipbuilder Hanjin to big Philippine banks soured sentiment at the stock market ......

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Cryptocurrency ETF Won’t Be Around for a While

A Bit of News 09 Jan 2019

Discover iFX EXPO, Your Gateway to Asian Markets! ... Suggested articles. Annual Report ... That in turn, Assia argued, will destroy the country’s banking system ... “All the banks in that country [will] go bankrupt and the government has zero chance of reviving the banking system because there is no need for a local currency or local bank.” ... Source link ....

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We Still Have Some Time Left For A Bitcoin ETF, Says eToro Chief

CoinGape 09 Jan 2019

According to him, the world will see a whole new country adopting cryptocurrency in the near future and it will destroy that country’s banking system. To quote him ... “All the banks in that country go bankrupt and the government has zero chance of reviving the banking system because there is no need for local currency or local bank.”....