Categoria: Internacionais

Rumours Resurface About Power Struggle At Top Firm MarketWatch reports that senior executives at Bank of America Merrill Lynch are ‘locked in a stand-off’, as European bosses ‘argue over how the business should be run’. At issue appears to be the way that the European operation is run. Merrill is said to want to continue […]

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Albany Bans Placement Agents for Pension Fund The New York Times Amid a widening investigation into possible kickbacks involving New York’s pension fund, Thomas P. DiNapoli, the state’s comptroller, announced Wednesday that he was banning placement agents from being involved in the fund’s investments. Mr. DiNapoli also said his office was reviewing the fund’s investments […]

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Global Economy Called Worst Since 1945 By BRIAN KNOWLTON The New York Times WASHINGTON — The global economy will most likely contract this year for the first time since World War II, and the recovery will take longer than expected, the International Monetary Fund said Wednesday. The I.M.F. projected a 1.3 percent decline in global […]

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There was a 79% increase in debt restructurings and a 64% increase in cashflow warnings among UK companies in Q4 08 compared with the same quarter in 2007. KPMG research referenced in the The Times, 24th February 2009. Significantly reduced liquidity in credit markets is putting immense pressure on struggling companies looking to refinance debt […]

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Executive at Freddie Mac Is Found Dead By CHARLES DUHIGG and JACK HEALY The acting chief financial officer of the troubled mortgage giant Freddie Mac was found dead Wednesday morning at his home in Northern Virginia, the police said. The executive, David B. Kellermann, who had been with Freddie Mac for 16 years, apparently committed […]

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Bancos americanos falham no stress test David Axelrod, um dos assessores do presidente Barack Obama, alertou que problemas muito sérios apareceram após testes de estresse serem realizados nos 19 maiores bancos dos Estados Unidos. Segundo o assessor, apesar de vários bancos provavelmente passarem por situações de extrema dificuldade e delicadeza, o governo do país possui […]

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Bankruptcy-related M&A has ‘only just begun’ By Brooke Masters in London and Julie MacIntosh in New York Bankruptcy-related mergers and acquisitions have hit their highest level globally since August 2004, and are set to keep rising as more companies are forced into distressed sales, according to Thomson Reuters data and restructuring practitioners. Thomson Reuters identified […]

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Bankruptcy-Related M&A at Highest Levels Since 2004 Posted by Brian Baxter Citing data compiled by Thomson Reuters, the Financial Times reports that bankruptcy-related M&A deals have hit their highest level globally since August 2004. With the economic downturn forcing more companies into sales of distressed assets, it seems likely the trend will continue.   “We’ve […]

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Vítimas de Madoff voltam-se para os ‘alimentadores’ Tom Lauricella, The Wall Street Journal 14/04/2009   As firmas que canalizaram dinheiro dos investidores para o esquema de Bernard Madoff provavelmente receberam pelo menos US$ 790 milhões em comissões ao longo dos anos, segundo um exame de processos legais e outros documentos que estão surgindo após a […]

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 Investidores querem liquidar Madoff Christopher Scinta e Dawn McCarty, Bloomberg News, de Nova York 14/04/2009   Os investidores de Bernard Madoff moveram uma petição involuntária de falência contra o administrador de ativos, condenado pela Justiça, para garantir que todos os seus bens sejam empregados para ressarcir as vítimas de seu esquema piramidal de US$ 65 […]

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