Results for Germany
- RWE Boss Open To Splitting Up Group If Crisis Worsens
Germany's largest power producer RWE will explore a split of its businesses if the sector's crisis intensifies, Chief Executive Peter Terium said, keeping open the option of a drastic overhaul similar to rival E.ON. Germany's utilities hav ...
Daily Headline - global.abi.org - 04/23/2015 - 22:56 - 0 comments
- Deutsche Bank Expects $1.6 Billion in Legal Costs
Deutsche Bank said on Wednesday that it would incur 1.5 billion euros, or $1.6 billion, in costs from legal proceedings as reports surfaced that the bank was set to accept a record penalty for its involvement in a plan to rig the benchmark rates used to ...
Daily Headline - global.abi.org - 04/22/2015 - 21:01 - 0 comments
- German Lenders Should Write Off Half Of Bonds From Austria's Heta
German lenders should prepare to write off at least half the value of the bonds they hold in Austrian 'bad bank' Heta Asset Resolution AG, a Bundesbank board member said in an interview published on Friday. "I think this situation has to b ...
Daily Headline - global.abi.org - 04/12/2015 - 22:15 - 0 comments
- Deutsche Bank Nears Plea Deal Over Libor Manipulation
A long-running investigation into Wall Street’s manipulation of interest rates is heading into a stark final chapter as authorities around the globe push Deutsche Bank to pay a record penalty and accept a criminal guilty plea for the unit at the center o ...
Daily Headline - global.abi.org - 04/09/2015 - 21:19 - 0 comments
- Greek Debt Jitters Drive German Yields Close To Record Lows
Nervous investors drove safe-haven German Bund yields close to record lows on Wednesday, amid concern over Greece’s ability to resolve its debt crisis, a day before it must repay a loan to the International Monetary Fund, the Irish Times reported. Al ...
Daily Headline - global.abi.org - 04/08/2015 - 22:36 - 0 comments
- DLA Piper - Global Insight Q1 2015 content for Global INSOLvency.com website
In recent months, the US has seen a staggering increase in the number of retailers, both large and small, filing for bankruptcy. Among others, Dots, Alco Stores, Radio Shack, Deb Shops, Wet Seal, and Delia’s have each filed for bankruptcy protection in t ...
Resource Article - twallace@abiwor... - 04/06/2015 - 10:38 - 0 comments - 0 attachments
- Article from INSOL Europe (Week 16 - 22 March 2015) GlobalINSOLvency Editorial Board
The German Supreme Court has filed a question with ECJ (European Court of Justice) for a preliminary ruling about issues of jurisdiction of Members States and limits of the scope of EIR. A German liquidator had filed an avoidance action toward a third pa ...
Resource Article - twallace@abiwor... - 04/06/2015 - 10:29 - 0 comments - 1 attachment
- Innotech Files For Insolvency
Innotech Solar has filed for insolvency, blaming its predicament on “general uncertainty within the European PV market”. The filing was made at Narvik in Norway on 24 March, the company said. German subsidiaries ITS Innotech Solar Module GmbH, ITS Halle ...
Daily Headline - global.abi.org - 04/01/2015 - 22:32 - 0 comments
- Bundesbank: Euro Ought To Be Able To Withstand Any Member State Insolvency
Steps should be taken to ensure that the euro zone currency bloc could withstand a possible insolvency of one of its members, Germany's Bundesbank said in its monthly report on Monday. "The financial and state debt crisis ... has yet to be over ...
Daily Headline - global.abi.org - 03/23/2015 - 20:37 - 0 comments
- Germany Eyes Changes To Bank Debt Law
Market opinion is divided over the importance of proposed German legislation that would effectively force senior bondholders down the credit capital structure when a failing bank is resolved, Reuters reported. "What the lawmakers have done is effect ...
Daily Headline - global.abi.org - 03/22/2015 - 21:59 - 0 comments