Results for Spain
- Franco-Spanish Rail Operator TP Ferro Files For Creditor Protection
TP Ferro, the company that runs a high-speed rail link between Spain and France, filed for protection from creditors after failing to reach a debt restructuring agreement, its French co-owner said, Reuters reported. Construction firm Eiffage, which owns ...
Daily Headline - global.abi.org - 07/19/2015 - 09:48 - 0 comments
- Costly Spanish ‘Ghost Airport’ Receives Only One Bid at Auction
One of Spain’s “ghost airports”—expensive projects that were virtually unused—received just one bid in a bankruptcy auction after costing about €1.1 billion ($1.2 billion) to build, The Wall Street Journal reported. The buyer’s offer: €10,000. Ciudad ...
Daily Headline - global.abi.org - 07/19/2015 - 09:50 - 0 comments
- Country Reports Winter 2014/15. Updates from Latvia, Spain, France and Romania
After two years of fierce debate a major package of amendments is going to enter into force on 1 March 2015 in Latvia. The most controversial are those relating to personal bankruptcy. Firstly, after the sale of the debtor’s dwelling that served as c ...
Resource Article - abi_admin - 06/02/2015 - 13:22 - 0 comments - 1 attachment
- Banco Popular To Sell €451 Million Worth Of Spanish Property
Banco Popular is preparing to sell €451 million euros of real estate assets in Spain as international investors return to the country’s property market, the Irish Times reported. The bank’s portfolio includes 1,753 homes in Madrid, Barcelona, Toledo ...
Daily Headline - global.abi.org - 05/25/2015 - 22:44 - 0 comments
- Spain and Portugal Can Cope With Grexit
If anyone was going to blink over Greece, one might think it would be Spain or Portugal—the two countries widely considered most at risk if Greece leaves the eurozone. Indeed, both saw a slight rise in their borrowing costs last week at a particularly bl ...
Daily Headline - global.abi.org - 05/03/2015 - 22:14 - 0 comments
- Spain's Martinsa Fadesa Enters Liquidation After Failing To Strike Deal With Banks
Property developer Martinsa Fadesa said on Thursday a court had begun its liquidation, seven years after it became one of the most notable casualties of Spain's real estate crash and filed for bankruptcy, Reuters reported. The liquidation, after a s ...
Daily Headline - global.abi.org - 04/09/2015 - 21:19 - 0 comments
- Spain's Bank Fund Says Will Not Bail Out BPA's Banco Madrid
Spain's bank restructuring fund (FROB) said late on Wednesday it would not bail out the Spanish affiliate of Andorra's Banca Privada d'Andorra (BPA) Banco Madrid, clearing the way for insolvency proceedings at the lender, Reuters reported. ...
Daily Headline - global.abi.org - 03/19/2015 - 22:33 - 0 comments
- Spanish Court Suspends Banco Madrid Insolvency Proceedings
A Spanish court on Tuesday said it was suspending insolvency proceedings at Banco Madrid while it waited for guidance from the country's bank restructuring fund FROB on whether it wanted to wind down or restructure the lender, Reuters reported. FROB ...
Daily Headline - global.abi.org - 03/17/2015 - 20:48 - 0 comments
- Banco de Madrid Files for Bankruptcy Protection
Banco de Madrid, a small Spanish bank, filed for bankruptcy protection on Monday after a United States government report last week accused its parent company in Andorra of laundering money on behalf of organized crime groups in China and Russia, as well ...
Daily Headline - global.abi.org - 03/16/2015 - 20:00 - 0 comments
- Spanish Lender Offers to Buy TSB Banking Group of Britain
TSB Banking Group, the lender spun out of Lloyds Banking Group last year, said on Thursday that it had received a preliminary takeover offer from Banco Sabadell of Spain, the International New York Times DealBook blog reported. The deal, if completed ...
Daily Headline - global.abi.org - 03/12/2015 - 22:56 - 0 comments