Peter Cooper/Stuyvesant First Mortgage Holders Set Auction, WSJ Says
Posted by The Distressed Debt Report on September 7, 2010
The senior lenders in the tug of war over the defaulted Peter Cooper Village/Stuyvesant Town apartme…
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China bank property stress test finds risk: report
Posted by Reuters: Business News on August 22, 2010
BEIJING (Reuters) – A 50-percent drop in China’s property prices will lead to a surge in bad real estate loans for Chinese lenders, a local newspaper reported, citing the results of the latest round of a Chinese bank stress test.
Fed says reverse mortgage loans pose risks
Posted by Reuters: Business News on August 16, 2010
WASHINGTON (Reuters) – The Federal Reserve and other top regulators said on Monday reverse mortgages pose “compliance and reputation risks” for lenders, and offered guidance to financial firms on how to avoid such pitfalls.
Station Casinos' Fertitta Family Wins Bankruptcy Auction
Posted by The Distressed Debt Report on August 6, 2010
Station Casinos' founders, the Fertitta family, and its lenders won a bankruptcy auction to take con…
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American Safety Razor Files Chapter 11, Plans Sale to Lenders
Posted by The Distressed Debt Report on July 28, 2010
American Safety Razor Co., a Cedar Knolls, N.J., manufacturer of wet shaving razors and blades, file…
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EU banks could seek 25 billion euros in capital top-up
Posted by Reuters: Business News on July 26, 2010
LONDON (Reuters) – European banks who only just scraped through a health check could look for over 25 billion euros in new capital, while Spain’s smaller lenders set out to reassure investors on Monday that they too can raise funds.
Crunch time for Europe’s banking credibility
Posted by Reuters: Business News on July 23, 2010
MADRID/LONDON (Reuters) – Europe’s attempt to restore confidence in its banks comes to a head on Friday with widespread expectation that up to 10 lenders will fail the exam and have to raise capital.
Basel Committee says agrees bank buffer strategy
Posted by Reuters: Business News on July 16, 2010
LONDON (Reuters) – Banking supervisors published draft rules on Friday that will force banks around the world to build up extra capital in a boom, but gave no hint of what level of funds lenders would be required to hold.
Riviera Hotel & Casino Owner Files Chapter 11, to Sell to Lenders
Posted by The Distressed Debt Report on July 13, 2010
Riviera Holdings Corp., which own the Riviera Hotel and Casino in Las Vegas and Riviera Black Hawk C…
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UniCredit in 20 billion euro bank fund talks: source
Posted by Reuters: Business News on July 12, 2010
MILAN (Reuters) – Some of Europe’s biggest banks are in talks with Italy’s UniCredit SpA about its proposal for a 20 billion euros ($25.2 billion) private sector fund to help failing lenders, a source close to the issue said.
