Clear Channel Outdoor shareholders agreed to a settlement for an improper loan causing significant loss to the parent company.
Legal & Regulatory
Rehn Says Future Bailouts Would Affect Big Depositors
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.
UPDATE - Italy Approves Debt Payments to Private Companies
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.
Serageldin Pleads Not Guilty
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 Liquidation Plan Approved
MF Global has obtained approval of its liquidation plan under the leadership of former FBI Director Louis Freeh.
Latest News
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.
Belgian firm Alfacam is now in rough waters financially after its credit line was cut off for breach of covenants.
Bostjan Jazbec is the new central bank governor of Slovenia. Bostjan Jazbec, the International Monetary Fund expert has been appointed as the central bank governor of Slovenia.
The Bronx Parking Development Corp skipped payment of interest to its bondholders and is now contemplating bankruptcy protection.
Liberty Harbor Capital LLC is a Goldman Sachs subsidiary that would fund middle market firms with weak credit ratings.
MetroPCS is urging its shareholders to approve its merger with Deutsche Telekom AG's unit T-Mobile USA Inc. amid criticisms.
Taiwan and China enter into new regulations on investment in financial institutions and holdings companies.
Lear Corp has avoided a proxy fight with major private equity investor firms through an agreement increasing the rate of its share buyback program.
