Entries tagged "bondholders"

Will board changes force out CIT's Peek?

The commercial lender is expanding its board of directors, and the new additions could be less enamored with CEO Jeffrey Peek.

CIT's saviors make out like bandits

The bondholders that bailed out CIT made an instant $100 million on an investment analysts say is almost risk free.

Markets brace for CIT fallout

Customers draw down the credit lines, bondholders discuss debt for equity, and others head for Treasuries as the run on CIT continues.

Mom & pop trip up GM restructuring

A couple from Connecticut is suing to block General Motor's plan that would wipe out most of the value of their $400,000 in GM bonds.

Gentler words get GM's unsecured onboard

After playing hardball with Chrysler's debtholders, the government took a lower-key approach to GM's bondholders.

Investors want speedy payment on GM swaps

With the automaker exchanging the bonds for equity, investors are looking to for their credit default swaps to pay off earlier.

GM's secured lenders breathe easier

General Motors' secured bank lenders will manage to avoid the fallout if and when the company files for Chapter 11.

CDS holders push hard for distressed defaults

Credit default swaps have bondholders rooting for a default by distressed companies.

Canadian Supreme Court to hear BCE case

Shares of BCE Inc. shot up after the close of trading on Monday after the Supreme Court of Canada agreed to hear an appeal of a ruling that would stifle the Canadian telecom's C$51.7 billion ($51.6 billion) leveraged buyout....

Minor victory for BCE

BCE Inc. signaled a small win Monday as the Supreme Court of Canada has outlined an accelerated timetable for the Canadian telecom giant's case brought by its bondholders....

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