Posted by Reuters: Business News on January 31, 2012
ATHENS (Reuters) – Greece’s private sector creditors could take a loss of more than 70 percent in a planned debt swap, Finance Minister Evangelos Venizelos said on Tuesday.
Posted by Reuters: Business News on January 30, 2012
NEW YORK (Reuters) – Stocks fell on Monday after Greece’s efforts to reach a debt restructuring with creditors stalled, hampering European leaders’ push to shift the market’s focus to jobs and growth.
Posted by Reuters: Business News on January 20, 2012
ATHENS (Reuters) – Greece and its creditors will continue negotiations on a debt swap on Saturday, after late-night talks edged them closer to a vital deal but failed to clinch an agreement.
Posted by Reuters: Business News on
ATHENS/LONDON (Reuters) – Greece was closing in on an initial deal with private bond holders on Friday that would prevent it from tumbling into a chaotic default but lose investors up to 70 percent of the loans they have given to Athens.
Posted by Reuters: Business News on
ATHENS (Reuters) – Greece and its private bondholders drew closer on Friday to a bond swap deal that would prevent the country from sinking into a chaotic default and ease the euro zone’s debilitating debt crisis.
Posted by Reuters: Business News on January 19, 2012
LONDON/ATHENS (Reuters) – Greece and its bondholders have made little progress since resuming stalled talks on a debt swap, three sources close to the talks told Reuters on Thursday, as time to strike a deal and avoid a messy default runs out rapidly.
Posted by Reuters: Business News on December 13, 2011
(Reuters) – Washington Mutual Inc, the biggest bank to fail in U.S. history, said it reached a settlement in a dispute between shareholders and certain creditors that had prevented the bank from emerging from Chapter 11 bankruptcy proceedings.
Posted by Reuters: Business News on November 19, 2011
LONDON (Reuters) – A raft of bidders including J.P. Morgan is lining up for failed brokerage MF Global’s stake in the London Metals Exchange, two sources familiar with the situation said, providing some solace for creditors.
Posted by Reuters: Business News on November 15, 2011
TOKYO (Reuters) – Olympus Corp’s creditors are not expected to demand changes in loan terms or take other abrupt steps and risk hurting their own interests when they meet company executives on Wednesday to grill them about the firm’s huge accounting scandal, sources and analysts said.
Posted by Reuters: Business News on October 26, 2011
(Reuters) – Lehman Brothers Holdings Inc is moving closer to emerging from its record bankruptcy, and that its Chapter 11 reorganization is now backed by creditors who hold more than $160 billion of claims.
