(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Neil Unmack LONDON, April 21 (Reuters Breakingviews) – The German lender’s latest U.S. regulatory thwack comes as it asks creditors to swap bail-in bonds for SEC-registered ones with clearer terms. It implicitly tests Berlin‘s model for resolving banks. It’s also a…
THE number of Scottish corporate insolvencies in the first quarter was down 19 per cent on a year earlier, with business failure levels now back at normal levels, analysis by KPMG shows. Blair Nimmo, head of restructuring at KPMG, declared the accountancy firm had seen the return of some stability to the Scottish oil and…
There has been a recent development in the case of EU insurer Enterprise Insurance several months after it was declared insolvent. Earlier this week, the Gibraltar Financial Services Commission (GFSC) appointed Tony Woodcock and John Fordham of Stephenson Harwood LLP as independent inspectors to investigate the insolvency of Enterprise and the conduct of its directors…
Some $60 million (56 million) of debt issued by a Dublin-based company for a Russian bank last November has been deemed worthless as the borrower, currently at the centre of a fraud investigation, has been declared bankrupt. Tatfondbank, based in the city of Kazan, east of Moscow, set up an Irish special-purpose vehicle (SPV) called…