Debt Management Service - UPDATE 1-US Judge orders freeze on Argentine pension investments - Reuters
UPDATE 1-US Judge orders freeze on Argentine pension investments - Reuters
NEW YORK, Oct 30 (Reuters) - A U.S. judge ordered the freezing of Argentine pension fund investments in the United States to satisfy a prior $554 million judgment against the South American country on behalf of holders of its defaulted sovereign debt
Management briefing: investment by councils - Times Online
When four Icelandic banks went into administration four weeks ago, it quickly became apparent that a number of councils that had invested in the high-interest accounts stood to lose significant amounts of money. More than 120 councils have 1
GMAC may become bank, eyes massive debt overhaul - Reuters
NEW YORK (Reuters) - GMAC LLC, the money-losing auto finance and mortgage provider, on Thursday confirmed it was seeking to become a bank holding company, and said it plans to overhaul and slash its debt load, barely four months after completing a
French local authorities stung by ‘toxic’ loans - Forbes
PARIS, Oct 24 (Reuters) - Some French local authorities could face a dramatic rise in interest payments for debt taken on risky terms, potentially reducing available budgets and even causing defaults down the road, officials say. French banks stepped
Banks to clamp down on credit card holders - Detroit Free Press
The credit crunch is closing in on credit cards. Banks that got burned on bad mortgages are now bracing themselves for billions more in bad debt on credit cards — so they’re trying to cut their losses by cutting off customers. Big-name credit card