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Corporate Debt

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  • *SMBC to buy Citi's Japan retail operations for about $330 m- sources. *Citi also in talks to sell its Japan card unit with others- sources. Citi's Japan consumer banking business has been hurt by weak loan demand and falling interest margins in a market where the U.S.-based lender has operated for over 100 years.

  • Dec 8- Teen apparel retailer Delia* s Inc filed for Chapter 11 bankruptcy protection and said it had hired advisers to help liquidate its assets. Delia* s said on Monday Salus Capital Partners LLC will give it a $20 million debtor-in-possession credit facility to continue operations, conduct store closings and closeout sales. The case is In re: Delia* s Inc, U.S....

  • Italy: A further downgrade would be a problem   Monday, 8 Dec 2014 | 4:00 AM ET
    Italy: A further downgrade would be a problem

    S&P downgraded its rating on Italian debt down to 'BBB -'. Charles Diebel, head of Macro Strategy at Aviva Investors, says that unless there's a further downgrade, Italy doesn't need to worry.

  • PARMA, Italy, Dec 5- Italy's top appeals court on Friday threw out jail sentences against prominent bankers Cesare Geronzi and Matteo Arpe in a case related to the country's biggest corporate scandal, the 2003 collapse of dairy group Parmalat. Prosecutors said that, in return for a loan, Banca di Roma put pressure on Parmalat to buy Ciappazzi above the market price...

  • Apparel retailer Delia*s to file for bankruptcy Friday, 5 Dec 2014 | 9:35 AM ET

    Dec 5- Teen apparel and accessories retailer Delia* s Inc said it was liquidating assets and would file for Chapter 11 bankruptcy protection "in the very near term," wiping out more than 85 percent of its market value. New York- based Delia* s, which launched a review of strategic alternatives in September, said it was unable to sell itself or secure financing to allow it...

  • *U.S. Esmark Inc says interested in plant. BELGRADE, Dec 5- Serbia is inviting bids for an 80- percent stake in a loss-making steel mill, aiming to ease pressure on the country's finances. But in a loan deal with the International Monetary Fund agreed last month, the government committed to cut subsidies in order to curb the deficit and cap debt seen at 70 percent of...

  • SYDNEY, Dec 4- Copper futures strengthened in early Asian trade on Thursday, underpinned by data showing the services sector in China grew marginally faster in November. *Suspected metals fraud in China sparked claims of betrayal by both U.S. bank Citigroup Inc and trade house Mercuria over who would absorb about $270 million in exposure to financing deals, a...

  • Huge opportunity for distressed hedge funds: JPM's Casey

    CNBC's David Faber speaks to Jim Casey, JPMorgan global head of debt capital markets, about concern over oil prices stopping firms from paying off debt and causing a ripple effect in the market.

  • RadioShack shares fall after covenant breach claims Tuesday, 2 Dec 2014 | 2:57 PM ET

    RadioShack rejected claims that it breached covenants on a $250 million term loan.

  • NEW YORK, Dec 2- Arab Bank Plc, found liable in a U.S. civil court of providing material support for Hamas, urged an appeals court on Tuesday to block thousands of non-U.S. citizens from pursuing similar claims that it financed terrorism. In September, a federal jury in Brooklyn found Arab Bank liable in what lawyers described as the first terrorism financing civil...

  • NEW YORK, Dec 2- Arab Bank Plc, found liable in a U.S. civil court of providing material support for Hamas, urged an appeals court on Tuesday to block thousands of non-U.S. citizens from pursuing similar claims that it financed terrorism. In September, a federal jury in Brooklyn found Arab Bank liable in what lawyers described as the first terrorism financing civil...

  • Misfit, which claims to make the biggest-selling activity and sleep tracker in China, said on Tuesday it has raised new financing from Xiaomi, e-commerce company JD.com Inc, and venture-capital firms GGV Capital and Shunwei. But the deal with Misfit would be the first instance of the company investing in a U.S.-based wearables company as it pursues its...

  • Dec 2- RadioShack Corp said lender Salus Capital Partners' claims that the troubled electronics retailer breached covenants on a $250 million term facility were "wrong and self serving." Trading in RadioShack's shares was halted. The claims were related to a recapitalization and investment agreement and an amendment to the company's credit facility on Oct. 3,...

  • Samurai bonds: Why banks might issue debt in yen   Tuesday, 2 Dec 2014 | 2:30 AM ET
    Sumurai bonds: Why banks might issue debt in yen

    Benedict Nielsen, head of primary debt markets for EMEA and Asia ex-Japan at Nomura, says that as banks are pushed to raise more capital, they will explore other markets to issue bonds, such as Japan.

  • NEW YORK, Dec 1- Ally Financial Inc became the largest U.S. retail auto lender in the third quarter, displacing Wells Fargo& Co for the first time since the start of 2013, according to a report from Experian Automotive on Monday. Much of Ally's growth came from financing used car sales, an area where the former in-house finance arm of General Motors Co has been...

  • SBERBANK SAYS RAISES 2014 FORECAST FOR CORPORATE LOAN GROWTH TO ABOVE 20 PCT FROM AROUND 12-14 PCT EARLIER.

  • NEW YORK, Nov 20- U.S. banks are taking on "incredible" risk in corporate and commercial lending, offering interest rates and terms that do not reflect potential losses, BB&T Corp Chairman and Chief Executive Kelly King said on Thursday. U.S. commercial banks had $1.74 trillion worth of commercial and industrial loans as of October on a seasonally adjusted basis,...

  • Where is the high yield opportunity?   Thursday, 20 Nov 2014 | 3:30 AM ET
    Where is the high yield opportunity?

    Gershon Distenfeld, director of high yield debt at AllianceBernstein, discusses where he thinks the best opportunity is in the high yield space, but warns that a lack of liquidity in the sector keep him up at night.

  • Caesars, creditors consider turning unit into REIT Wednesday, 19 Nov 2014 | 6:14 PM ET
    Caesars Palace

    Caesars Entertainment proposed a restructure plan that would the debt of its largest unit into a real estate investment trust.

  • Bet on Petrobras' debt?   Wednesday, 19 Nov 2014 | 12:43 PM ET
    Bet on Petrobras' debt?

    CNBC's Michelle Caruso-Cabrera has the breakdown on the potential risks and rewards of betting on Petrobras.