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RECEIVERSHIP
Kitchen Things temporarily closes all 12 stores as retailer and related companies enter receivership after four decades in businessKitchen Things, a well-known New Zealand appliance retailer, has entered receivership due to sustained losses from weak consumer demand and...- Healthscope in critical condition: Inside the collapse of Australia’s second-biggest private hospital networkHealthscope, Australia's second-largest private hospital network, faces uncertainty as its parent company enters receivership. Despite the ...
- Telegraph and Spectator auction starts to recoup Lloyds debtLloyds seized the titles from the Barclay family in June to claw back £1 billion ($1.2 billion) of debts, removing Barclay family members f...
- JPMorgan, PNC Financial eye First Republic Bank buyout, FDIC asks for final bids by SundayJPMorgan and PNC Financial Services Group are vying to buy First Republic Bank in a sale expected soon following the troubled lender's prob...
- U.S. FDIC tells Signature Bank's crypto clients to close accounts by April 5The FDIC had said that the deal would see Flagstar Bank assume substantially all of Signature Bank's deposits, some of its loan portfolios ...
- SVB depositors, investors tried to pull $42 billion ThursdayThe bank had a negative cash balance of $958 million at the close of business on March 9
- What caused Silicon Valley Bank's failure?SVB announced on Thursday it would sell $2.25 billion in common equity and preferred convertible stock to fill its funding hole. Its shares...
- Ssangyong to sell plant site as part of rehabilitationSsangyong is still under rehabilitation process and has to submit rehabilitation plan to the court. However, Ssangyong wants to make an M&A...
- Mahindra-owned SsangYong puts controlling stake up for auctionThe Korean auto major, which is 75% owned by Mahindra, is under court receivership since April after it failed to rollover loans worth $148...
- Cash-strapped SsangYong submits self-rescue plan as it looks to bring investor on boardThe rehabilitation plan includes half of SsangYong’s staff taking unpaid leave up to two years in a bid to avoid retrenchment. “This sort o...
- SsangYong eyes new investor to complete sale processSsangYong Motor is expected to invite tenders by next month and is likely to submit a restructuring programme by the first week of July, wi...
- Ssangyong Motors may shed some senior executive jobs as part of cost cuttingThe Seoul Bankruptcy Court on April 15 approved the debt-rescheduling process for SsangYong Motor as the US-based HAAH Automotive did not s...
- SsangYong in receivership as Mahindra fails to find buyerThe Seoul Bankruptcy Court on April 15 approved the debt-rescheduling process for SsangYong Motor as the US-based HAAH Automotive did not s...
- SsangYong court rehabilitation may begin early next week as CEO Yea quitsSsangYong has over the last six to nine months failed to secure a letter of intent (LOI) from its likely potential investor, US-based HaaH ...
- Mahindra set to announce new buyer for SsangYong next weekSsangYong has filed for court receivership with the Seoul Bankruptcy Court after failing to repay loans of about 60 billion won (Rs 408 cro...
- Mahindra's South Korean arm SsangYong Motor files for bankruptcyMahindra & Mahindra-owned South Korean automaker SsangYong Motor filed for court receivership after defaulting on loans worth 90 billion wo...
- Somewhere out at sea, your new TV and bags wait in a Hanjin shipThe map shows the locations of the Hanjin container ships. Click on the map, then move your mouse over the triangles and circles in the pop...
- Stanford Financial Group lays off about 1,000 employeesAbout 1,000 people working around the US for the troubled Stanford Financial Group founded by Allen Stanford were laid off by order of the ...
- Stanford's receiver wants contributions returnedThe court-appointed receiver for R Allen Stanford's financial group asked national political committees Monday to return campaign contribut...
- Iceland takes control of third bankIcelandic govt took control of the country's largest bank, Kaupthing, on Thursday as it struggled to prevent an all-out collapse of its ban...
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