Corporate Finance Balance Sheets

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  • MOSCOW, May 10- VTB, Russia's second biggest lender, does not expect a return on 243 billion roubles of toxic assets held by its Bank of Moscow and has moved them to a specially created "bad bank", a VTB executive said. Bank of Moscow, once Russia's fifth-largest by assets, was taken over by VTB in 2011 via a number of transactions involving the City of Moscow and after...

  • REUTERS POLL- MOST PRIMARY DEALERS SEE NO MOVE BY FED TO SHRINK BALANCE SHEET BEFORE 2018.

  • May 5- Chesapeake Energy Corp, the second-largest U.S. natural gas producer, said it would sell some assets in Oklahoma to Newfield Exploration Co for $470 million as part of a plan to shore up its finances through divestitures. The company on Thursday lowered its forecast for 2016 production costs to $3.40- $3.60 per barrel of oil equivalent from $3.60- $3.80 per...

  • BEIJING, May 3- China's banking regulator, in a move to rein-in the rapidly growing' shadow loans' industry, has told commercial lenders to properly account for lending products that may appear on their balance sheets as lower-risk investments. The size of China's' shadow loan' book rose by a third to $1.8 trillion in the first half of 2015, equivalent to 16.5...

  • *Bad loans holding back banks in Italy. ROME, April 29- An unfinished hotel and empty swimming pool sit sadly on the lush hillside of Pitigliano in Tuscany, where they should have welcomed the holidaymakers who flock to central Italy. But the Tosteto spa sits even more heavily on the balance sheet of Banca Monte dei Paschi di Siena, which lent 11 million euros to the...

  • CHICAGO, April 22- West Virginia's environmental authority opposes a plan by bankrupt coal miner Alpha Natural Resources to sell core assets to its hedge fund lenders, saying in a court filing that it could undermine a $1 billion cleanup. The West Virginia regulator said in a filing that Alpha had yet to explain how it would comply with its bonding and cleanup...

  • April 21- SunEdison Inc, once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection on Thursday after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable. In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30.

  • CHICAGO, April 15- U.S. shale oil producer Goodrich Petroleum Corp said on Friday that it filed for Chapter 11 bankruptcy protection with a plan to eliminate $400 million in debt from its balance sheet while it rides out a slump in commodities markets. The Houston- based exploration and production company, which has shale assets in Texas, Louisiana and...

  • April 14- U.S. oil and gas producer Energy XXI Ltd, which has operations in Louisiana, Texas and the Gulf of Mexico, said on Thursday it has filed for bankruptcy protection, becoming one of the biggest casualties of the oil rout to date. The company will eliminate more than $2.8 billion in debt from its balance sheet through the Chapter 11 restructuring, it said in a...

  • April 6- Sprint Corp, the No. 4 U.S. wireless carrier, said it would raise $2.2 billion in cash through a deal for the sale and lease-back of certain network assets. As of Dec. 31, Sprint had total liquidity of $6 billion with an additional $600 million of availability under vendor financing agreements. The company's total liabilities stood at $59.22 billion, while...

  • REUTERS POLL- PRIMARY DEALERS DO NOT EXPECT FED WILL BEGIN TO REDUCE ITS BALANCE SHEET FOR ABOUT 15 MONTHS.

  • SAO PAULO/ RIO DE JANEIRO, March 28- S tate-controlled power holding company Centrais Elétricas Brasileiras SA has hired Credit Suisse Group AG to advise on a plan to sell a portion or all of a subsidiary's renewable energy assets, two sources with direct knowledge of the matter told Reuters exclusively. Credit Suisse, Rio de Janeiro- based Eletrobras and...

  • NAIROBI, March 18- Kenya's KCB Group is looking at medium-sized lenders to buy as part of an expansion plan and is building up capital to boost its acquisition war chest, the chief executive of country's biggest bank by assets said on Friday. Kenya's Equity Bank had said earlier this week that it could be interested in some Barclays assets. Oigara said KCB expected...

  • *More than $3 billion seen in potential deals. MELBOURNE/ SYDNEY March 15- After years on the sidelines, funds specialising in troubled assets are set to take centre stage in the mining industry, driving deals in a sector where the top players alone plan to raise more than $30 billion through sales to cut debt. "The longer this commodity rout continues, the greater...

  • ALMATY, March 14- Kazakhstan's Halyk Bank, the central Asian nation's second-largest lender by assets, reported a 5.2 percent rise in 2015 net income on Monday, partly driven by a devaluation of the tenge currency and higher interest rates. The bank said in a statement its net profit rose to 120.3 billion tenge from 114.4 billion tenge a year earlier, beating its...

  • LONDON, March 13- Trading house Noble Group is under no pressure from banks to sell assets and is not planning further divestments as it negotiates more than $4 billion of new and refinanced loans with lenders, a senior source close to the process said. Sources said it was seeking $2.5- $3.25 billion via an oil inventory-backed loan to replace an existing $1.1...

  • SYDNEY, March 11- U.S. gold giant Newmont Mining said it is selling its stake in Australian miner Regis Resources to institutional investors for $182 million. Newmont, which mines about 5 million ounces of gold a year compared with about 300,000 ounces for Regis, said in a statement it has sold nearly $1.9 billion in non-core assets since mid-2013.

  • *India must prioritize banks' balance sheet clean-up. MUMBAI, March 10- The International Monetary Fund may cut 2016 global growth forecasts again in the coming weeks, according to a senior IMF official who on Thursday called on policymakers to take comprehensive measures to strengthen their economies. "It is very likely that by the time that we arrive at the...

  • GOLD MISPRICED BY AT LEAST 200 EUROS' IF WE'RE GOING TO GO DOWN THE ROAD OF GROWING' ECB'S BALANCE SHEET- BLACKROCK'S RIEDER.

  • *Maintains year dividend at two shillings per share. NAIROBI, March 2- Kenya's KCB, the country's biggest bank by assets, announced a scrip dividend on Wednesday and said it would issue debt to raise capital this year after volatility in lending rates crimped profit growth in 2015.. The bank, which has operations in Kenya, Uganda, Tanzania, Rwanda and South Sudan, said...