BEIJING, July 29- More than ten financial institutions in China pressed the provincial government in Hebei this month to act swiftly to resolve a multi-billion dollar debt crisis that blew up early last year after a state-owned credit guarantee company became technically insolvent. Once China's second-biggest credit guarantor, Hebei Financing... » Read More
It said a failure to raise capital may prompt its auditor to issue a "going concern" warning, which would constitute an event of default under a senior credit facility where it had $266.8 million outstanding as of Dec. 27. Fairway lost $9.7 million in the quarter ended on Dec. 27, as net sales fell 7 percent to $191.7 million. In Monday trading, Fairway shares fell 4.5...
WASHINGTON, Feb 5- HSBC Holdings Plc will pay $470 million to settle parallel U.S. federal and state civil charges alleging the bank's mortgage servicing arm engaged in abusive foreclosure and loan origination practices, the New York Attorney General's office said on Friday. The mortgage settlement resolves claims brought against the London- based bank by...
Sports Authority is preparing to file for bankruptcy, according to a Bloomberg report that cited sources with knowledge of the situation.
Feb 3- Goldman Sachs Group Inc has named Jim Esposito as the new chief strategy officer for its securities division. He has also served as head of its Europe, Middle East and Africa financing group and as chief operating officer of investment banking. "Our industry is undergoing extraordinary change, driven by technology and regulation," the memo said, which was...
China's slowing economy and market rout may capture headlines, but the mainland's debt load is a bigger worry, said top China banking analyst Charlene Chu.
Colin Moore, Global Chief Investment Officer at Columbia Threadneedle Investments, says high growth expectations are stabilizing.
Anatomy of a bankruptcy: The Arch Coal example. CNBC's Michelle Caruso-Cabrera explains.
Melanie Czarra, co-head of debt capital markets for UBS, says funding for large companies is cheap at the moment as investors flock towards the corporate bond market, where their money is safer.
Anish Kapadia, managing director & senior research analyst at Tudor, Pickering, Holt & Co. explains why companies are outspending in order to pay dividends, even as oil hovers around $30.
Moody's Senior Vice President John Puchalla highlights companies that are facing elevated default rates.
Ed Eyerman, managing director and head of European leveraged finance at Fitch, says corporate bonds in the euro zone are diverging from those in the U.S. and the U.K.
Howard Marks, chairman of Oaktree Capital, shared his market views and investment strategies with CNBC on Friday.
CNBC's Dom Chu reports the details on Chesapeake as they look to cut their debt load according to Dow Jones.
New regulations would not allow emergency loans to be given to individual companies.
Alan Miller, CIO of SCMDirect.com, says the issue with high-yield bonds is the large exposure to oil and gas.
With U.S. interest rates set to rise and Europe's likely headed lower, assets on the continent look like a good bet, Goldman Sachs said.
Kumar Palghat, Managing Director, Kapstream, explains how corporate debt issuance have been getting delayed in China due to a lack of demand.
India's Sisyphean bankruptcy system is in the sights of the country's central bank chief, who says reform is desperately needed to protect banks.
Matt Fernley, global cyclicals analyst at Haitong, discusses the debt and commodities cycle and talks about the impact of a Federal Reserve interest rate hike on emerging markets.
Barnaby Martin, managing director of European credit strategy at BofA Merrill Lynch, says money is rotating out of corporate bonds and into equities.