More info…Buyout firm Allied Capital yesterday said the value of its investments in companies has declined so dramatically that it might default on its debt agreements, creating uncertainty over Allied’s hefty dividend and its ability to borrow money in the future.
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Investment Fraud Consumer Resources Offered by Morgan [...]
Monthly Archives: December 2008
Allied Capital Tries to Avert Defaulting on Debt Terms
December 19, 2008 – 11:52 am
Senate Grills SEC Officials On Madoff
December 12, 2008 – 4:47 am
More info…A multibillion-dollar pyramid scheme allegedly spawned by Bernard Madoff is being probed by a Senate panel that will question federal regulators responsible for inspecting investment firms and enforcing action against violations.
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Investor: Renewable Energy Needs Federal FundingPresident Obama’s Clean Energy initiative is meant to encourage the private [...]
Cheer for investment banks from cash calls (Financial Times)
December 9, 2008 – 12:56 pm
More info…The demand for capital raisings could not have come at a better time for investment bankers starved of revenues. With business down across mergers and acquisitions advisory and debt capital markets, bankers have welcomed the opportunity to make money from cash calls.
Bankruptcy Information
Banks borrow more from Fed, investment firms less (Washington Post)WASHINGTON — Commercial [...]
Chubb Profit Falls 37 Percent on Investment Losses (Update2) (Bloomberg)
December 7, 2008 – 10:24 am
More info…Jan. 29 (Bloomberg) — Chubb Corp. , the insurer of businesses and high-end homes, said fourth-quarter profit fell 37 percent on investment losses outside its bond portfolio.
Bankruptcy Information
what assets can be taken in bankruptcy
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Bank slashing F1 investment
December 4, 2008 – 11:38 am
More info…ING trimming millions of dollars from final year of sponsorship deal with Renault team
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Memo To Congress: ”Buy Land, They Ain’t Making Any More Of It”Real estate values are falling so fast the the governmentmay not have a choice other than to begin to buy properties.It’s a much [...]
Banks borrow more from Fed, investment firms less - Miami Herald
December 3, 2008 – 12:55 am
More info…WASHINGTON — Commercial banks boosted their borrowing over the past week from the Federal Reserves emergency lending program, while investment firms drew less. The Fed on Thursday said commercial banks averaged nearly $65 billion in daily borrowing …
Banks draw more, investment firms less over past week from Feds … - Baltimore SunWASHINGTON (AP) [...]