A 17% interest rate may stabilize the ruble, but a Russian banking official says it has to be cut to forestall business bankruptcies.
The teen retailer will close 338 stores, representing nearly half of its net sales, and lay off 3,700 employees.
A U.S. bankruptcy court judge refuses to increase the valuation for mortgages underlying investor claims.
The American Bankruptcy Institute's proposals to change bankruptcy law include some weakening of the power of secured creditors.
The company, founded in 1993, reported a loss in each of its last five fiscal years.
The Financial Institution Bankruptcy Act of 2014, sponsors say, would make the bankruptcy of a financial institution more efficient and prevent…
The designer denim company took on $110 million in loans last year to acquire Hudson Clothing Holdings.
Continued outflows from mutual funds and a slowdown in CLO issuance could pose a problem for issuers in 2015.
After initially offering to buy equipment for the iPhone 6 supplier, Apple negotiated a deal that shifted all economic risk to the now-bankrupt…
The Financial Stability Board wants systemically important banks to hold capital equal to as much as 20% of risk-weighted assets.