UPDATE 3-BES seeks capital as key staff suspended after massive losses

* BES loses 3.6 bln euros, says will raise capital quickly

from WordPress http://ift.tt/1uJMq5D

via IFTTT

Argentina credit story grows murkier as talks collapse

NEW YORK, July 30 (IFR) - Argentina's murky credit story grew even more complicated Wednesday as the US mediator said the country was headed to default after last-ditch talks with holdout creditors...

from WordPress http://ift.tt/1m00v5C

via IFTTT

UPDATE 1-BES warns of possible legal breaches, vows to raise capital

(Recasts throughout, adds CEO comments, detail of family irregularities, capital raise)

from WordPress http://ift.tt/1m00uyH

via IFTTT

Detroit, Syncora fight over casino money in appeals court-report

July 30 (Reuters) - A federal appeals court panel heard arguments on Wednesday between Detroit and one of its last hold-out creditors over casino tax revenue, with one of the judges promising a...

from WordPress http://ift.tt/1m00sH4

via IFTTT

Argentina economy minister to hold NY press conference shortly

July 30 (Reuters) - Argentina's Economy Minister Axel Kicillof was expected to speak shortly at the country's New York consulate, a government spokeswoman said on Wednesday.

from WordPress http://ift.tt/1uJMrXg

via IFTTT

RPT-Portugal’s BES books 3.6 bln euro loss, capital needed

LISBON, July 30 (Reuters) - Portugal's Banco Espirito Santo lost 3.6 billion euros in the first half of the year - mostly on loans to its founding family's crumbling business empire - and now has...

from WordPress http://ift.tt/1uJMrGR

via IFTTT

Portugal’s BES books 3.6 bln euro loss, capital needed

LISBON, July 30 (Reuters) - Portugal's Banco Espirito Santo lost 3.6 billion euros in the first half of the year - mostly on loans to its founding family's crumbling business empire - and now has...

from WordPress http://ift.tt/1m00nDb

via IFTTT

UPDATE 2-Latest twist in Argentina saga raises hopes of deal

NEW YORK, July 30 (IFR) - Last-ditch efforts by Argentina's local banking association Adeba to act as a white knight in talks with creditors has raised hopes the country can avoid a second default in...

from WordPress http://ift.tt/1uJMkuM

via IFTTT

UPDATE 2-Russian officials at odds over Mechel bailout

* Options are participation of VEB or converting debt to shares

from WordPress http://ift.tt/1m00jDy

via IFTTT

Messy situation as Argentina debt default looms

LONDON, July 29 (IFR) - Argentina will find itself in its second default of the 2000s on Thursday unless a last-minute deal is reached with holdout creditors who have rejected a debt restructuring...

from WordPress http://ift.tt/UJEoJt

via IFTTT

UPDATE 1-Critical Detroit bankruptcy hearing delayed by one week

(Add details of new hearing schedule, background on Syncora's request, Detroit's plan)

from WordPress http://ift.tt/1Awvyjb

via IFTTT

Start of key Detroit bankruptcy hearing delayed by one week

July 29 (Reuters) - The start of a critical hearing on Detroit's plan to adjust $18 billion of debt and exit bankruptcy will be delayed by one week to Aug. 21, a federal judge ruled on Tuesday.

from WordPress http://ift.tt/UJEmkz

via IFTTT

Paying for a Criminal Defense Lawyer: 3 Things to Know About Fees

While experienced criminal defense attorneys are essential to your success, you may run into various ways in which attorneys wish to be paid their fees. Criminal lawyers may charge a flat fee for something like a basic DUI, or they may charge an hourly rate that requires a substantial......



Continue reading this article, and get more legal news and information, at FindLaw.com.

from WordPress http://ift.tt/1Awvu30

via IFTTT