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KPMG refuses to approve BES accounts, warns of further loss

LISBON, Sept 1
Mon Sep 1, 2014 7:19am EDT

LISBON, Sept 1 (Reuters) – Auditor KPMG has refused to
approve bailed-out Banco Espirito Santo’s first-half report and
accounts, published on Monday, citing the bank’s failure to
provide adequate information on its financial position and also
warned of possible further

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KPMG refuses to approve BES accounts, warns of further loss

LISBON, Sept 1
Mon Sep 1, 2014 7:19am EDT

LISBON, Sept 1 (Reuters) – Auditor KPMG has refused to
approve bailed-out Banco Espirito Santo’s first-half report and
accounts, published on Monday, citing the bank’s failure to
provide adequate information on its financial position and also
warned of possible further

Read More 0 Comments

PRESS DIGEST – Wall Street Journal – Sept 2

Sept 2
Tue Sep 2, 2014 12:31am EDT

Sept 2 (Reuters) – The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
* Ukraine is shifting the focus of its military operation
from rooting out

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PRESS DIGEST – Wall Street Journal – Sept 2

Sept 2
Tue Sep 2, 2014 12:31am EDT

Sept 2 (Reuters) – The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
* Ukraine is shifting the focus of its military operation
from rooting out

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Doubts over whether Detroit bankruptcy plan gets job done

DETROIT, Sept 2 Reuters) – Detroit’s plan to recover from
bankruptcy includes several blueprints for a new future. The
only problem is the city, the largest ever to file for
bankruptcy, is still a long way from financially healthy and its
restructuring plans leave little room for error.
Detroit

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Doubts over whether Detroit bankruptcy plan gets job done

DETROIT, Sept 2 Reuters) – Detroit’s plan to recover from
bankruptcy includes several blueprints for a new future. The
only problem is the city, the largest ever to file for
bankruptcy, is still a long way from financially healthy and its
restructuring plans leave little room for error.
Detroit

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Bank of China hires 9 banks for Additional Tier 1

Tue Sep 2, 2014 3:51am EDT

SINGAPORE, Sep 2 (IFR) – Bank of China has picked
nine banks for its debut issue of offshore Additional Tier 1
preferred shares, according to a banker close to the deal.
The banks are Bank of China International, BNP Paribas,
China Merchants Securities,

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Bahrain Batelco says India ex-partner is bankrupt, seeks $212 mln owed

By Matt Smith

DUBAI
Sun Aug 31, 2014 4:30am EDT

DUBAI Aug 31 (Reuters) – Batelco will pursue its
former Indian business partner for $212 million it says he owes
the company, even though he was declared bankrupt last week, the
Bahraini telecom operator said on Sunday.
Chinnakannan Sivasankaran,

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Saab carmaker NEVS applies again for creditor protection

STOCKHOLM
Fri Aug 29, 2014 6:34am EDT

STOCKHOLM Aug 29 (Reuters) – China’s National Electric
Vehicle Sweden (NEVS), which bought bankrupt car maker Saab in
2012, has made a new application for protection from creditors
while it concludes funding talks, a Swedish court said on
Friday.
The same court

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China’s big banks to transform Asian high-yield

* Banks may sell up to US$25bn in capital bonds
* Bank of China, ICBC lining up AT1s for September* Flood of bonds likely to reprice high-yield sectorBy Lianting TuSINGAPORE, Aug 29 (IFR) – An anticipated deluge of bank
capital bonds from China’s biggest lenders is expected to change

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Jones Day Nabs Shearman’s LatAm M&A Head

Brian Baxter, The Am Law Daily

August 27, 2014

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Michael McGuinness, a corporate partner and former head of

Global Legal Awards: Global Finance Deals of the Year

The Am Law Daily

August 27, 2014

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In this category, The American Lawyer’s Global Legal Awards recognizes the

KPMG refuses to approve BES accounts, warns of further loss

LISBON, Sept 1
Mon Sep 1, 2014 7:19am EDT

LISBON, Sept 1 (Reuters) – Auditor KPMG has refused to
approve bailed-out Banco Espirito Santo’s first-half report and
accounts, published on Monday, citing the bank’s failure to
provide adequate information on its financial position and also
warned of possible further

Baker & McKenzie to Open Belfast Back Office

MP McQueen, The Am Law Daily

August 27, 2014

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The firm plans to man the office, which will

KPMG refuses to approve BES accounts, warns of further loss

LISBON, Sept 1
Mon Sep 1, 2014 7:19am EDT

LISBON, Sept 1 (Reuters) – Auditor KPMG has refused to
approve bailed-out Banco Espirito Santo’s first-half report and
accounts, published on Monday, citing the bank’s failure to
provide adequate information on its financial position and also
warned of possible further