There is a new bill for consideration on the US Senate floor as to the required capital ratio of the banks, to avoid the 'too-big-to-fail' argument.
Legal & Regulatory
UPDATE - Tariko to gain control of CEDC
CEDC files Chapter 11 bankruptcy and cedes control to Roustam Tariko. The Central European Distribution Corp of Poland has filed for a pre-packaged bankruptcy in its efforts to decrease its debt load.
EU rejection of UPS Bid Appealed
UPS appeals EU decision to prohibit merger between TNT Express and UPS. The European Union regulator's decision to reject the Eur5. 16 billion bid by United Parcel Services for TNT Express NV would be appealed.
Bank of Greece Suspends Merger Plan
The merger of the National Bank of Greece and its subsidiary NFG Eurobank is suspended until further notice.
Egyptian regulator awaited for JV approval
The JV between EFG-Hermes Holding SAE and QInvest LLC is at risk for the delayed approval by Egyptian regulators.
Latest News
EU Olli Rehn provides insight on new EU rules on investor liabilities in bank failures. Under the new European Union law in the works, large bank depositors can take a hit should the bank fail.
Italian PM Mario Monti finally signs decree approving payments of state debts to private firms. The Italian caretaker government has approved a decree to pay off nearly Eur40 billion state funds to pay off debts it has incurred with private companies.
The former head of Credit Suisse's head of structured credit pleads not guilty to charges of overinflating prices in the subprime mortgage backed bonds market.
MF Global has obtained approval of its liquidation plan under the leadership of former FBI Director Louis Freeh.
The bankruptcy court upheld the sale of assets of LCI Holdco LLC despite IRS opposition. The federal court with jurisdiction over the bankruptcy case of LCI Holdco LLC has approved the sale of the assets of the company to Hospital Acquisition LLC.
The government's promise to pay its outstanding bills was shelved after the caretaker government failed to sign into law the said measure.
Clear Channel Outdoor shareholders agreed to a settlement for an improper loan causing significant loss to the parent company.
According to a shareholder group, RBS and its directors should stand trial for lost share value in the bank because of the acceptance of the bailout plan.
Matthew Taylor admits to wire fraud in Goldman Sachs case filed against him. Former Goldman Sachs Group Inc trader Matthew M. Taylor entered a plea of guilty last Wednesday on charges of defrauding the Wall Street bank with unauthorized future trades back in 2007.
