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Headlines
Middle East War to Intensify Soaring European Corporate Distress, According to Alvarez & Marsal
The outbreak of hostilities in the Middle East and surging energy costs are expected to exacerbate soaring levels of financial distress among European corporates, according to Alvarez & Marsal Inc., Bloomberg reported. Even…
U.K. Company Failures Rise Amid Fears Iran War Will Push Collapses Higher
The number of companies collapsing into administration jumped by nearly a third last month, official figures have shown, as fears mount that cost pressures from the Iran war could push more firms to the brink, PAMedia.com…
Blue Owl Tipped U.K. Mortgage Lender into Insolvency After Uncovering ‘Irregularities’
U.S. private credit firm Blue Owl Capital triggered the recent collapse of a UK mortgage lender after discovering irregularities in its financial reporting and demanding repayment, the Financial Times reported. Blue Owl, which…