It’s no secret that Marc Kasowitz has been busy battling banks connected to the mortgage-backed securities meltdown. That was made even more clear on Tuesday, when in the span of less than 24 hours judges issued three big rulings in Read more »
Tag Archives: financial
Examiner’s report could spur ResCap creditors seeking Ally cash
By Tom Hals Fri May 10, 2013 6:59am EDT May 10 (Reuters) – A report on Friday could embolden creditors of bankrupt mortgage lender Residential Capital LLC to pursue billions of dollars of cash that its parent, Ally Financial Inc, Read more »
Brazil wants shareholders to pay for rescue of troubled banks
Mon May 6, 2013 1:59pm EDT * Central bank finishing details of new banking legislation * Bill aims to avoid massive bailouts of United States and Europe By Alonso Soto BRASILIA, May 6 (Reuters) – The Brazilian government, concerned about Read more »
UPDATE 1-Cyprus parliament decides on bailout, likely to vote yes
* Cyprus lawmakers meet to debate, vote on bailout * Government likely to clinch vote with thin majority * Main opposition party wants funding from elsewhere By Michele Kambas NICOSIA, April 30 (Reuters) – Cyprus’s parliament decides on Tuesday whether Read more »
Cyprus parliament decides on bailout, thin majority to vote yes
Mon Apr 29, 2013 7:30pm EDT * Cyprus lawmakers meet to debate, vote on bailout * Government likely to clinch vote with thin majority * Main opposition party wants funding from elsewhere By Michele Kambas NICOSIA, April 30 (Reuters) – Read more »
Ambac expects bankruptcy exit this week after IRS deal approved
April 29 | Mon Apr 29, 2013 10:59am EDT April 29 (Reuters) – Ambac Financial Group Inc’s attorney said on Monday the bond insurer could exit bankruptcy as soon as Wednesday after the company received court approval of a $101.9 Read more »
Spanish regulator proposes Deloitte as Pescanova administrator
MADRID, April 26 | Fri Apr 26, 2013 1:56pm EDT MADRID, April 26 (Reuters) – Spanish stock market regulator CNMV said on Friday it had proposed Deloitte as the administrator of Spanish fishing firm Pescanova, which has filed for insolvency.A Read more »
Come 2019, Any Debt Ex-Dewey Chair Owes Firm Vanishes
As of next year, former Dewey & LeBoeuf chairman Steven Davis—faulted by many both inside and outside the firm as the chief culprit in its collapse—is to begin chipping away at the $511,145 he has agreed to give the Dewey Read more »