Italian PM Mario Monti finally signs decree approving payments of state debts to private firms. The Italian caretaker government has approved a decree to pay off nearly Eur40 billion state funds to pay off debts it has incurred with private companies.
Legal & Regulatory
Bank of Greece Suspends Merger Plan
The merger of the National Bank of Greece and its subsidiary NFG Eurobank is suspended until further notice.
Egyptian regulator awaited for JV approval
The JV between EFG-Hermes Holding SAE and QInvest LLC is at risk for the delayed approval by Egyptian regulators.
Sterling Bancorp board under investigation -Law Office of Brodsky & Smith, LLC
The board of directors of Sterling Bancorp, Inc. is being investigated for potential claims in relation to its proposed acquisition by Provident New York Bancorp.
Icahn Adamant on Proxy Fight
Things are heating up between Icahn and the Dell Special Committee on issues of reimbursement, proxy fights and possible litigation.
Latest News
The former head of Credit Suisse's head of structured credit pleads not guilty to charges of overinflating prices in the subprime mortgage backed bonds market.
MF Global has obtained approval of its liquidation plan under the leadership of former FBI Director Louis Freeh.
The bankruptcy court upheld the sale of assets of LCI Holdco LLC despite IRS opposition. The federal court with jurisdiction over the bankruptcy case of LCI Holdco LLC has approved the sale of the assets of the company to Hospital Acquisition LLC.
The government's promise to pay its outstanding bills was shelved after the caretaker government failed to sign into law the said measure.
Clear Channel Outdoor shareholders agreed to a settlement for an improper loan causing significant loss to the parent company.
According to a shareholder group, RBS and its directors should stand trial for lost share value in the bank because of the acceptance of the bailout plan.
Matthew Taylor admits to wire fraud in Goldman Sachs case filed against him. Former Goldman Sachs Group Inc trader Matthew M. Taylor entered a plea of guilty last Wednesday on charges of defrauding the Wall Street bank with unauthorized future trades back in 2007.
Belgian firm Alfacam is now in rough waters financially after its credit line was cut off for breach of covenants.
Bostjan Jazbec is the new central bank governor of Slovenia. Bostjan Jazbec, the International Monetary Fund expert has been appointed as the central bank governor of Slovenia.
