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Companies 2 years ago
Bain Capital seeks to raise $4b for new global special situations fund: Sources
Bain Capital is seeking to raise $4 billion for a new global "special situations fund" as the US firm sees an opportunity to snap up distressed investments in a broad range of asset classes, two people familiar with the matter said.
Regulations 2 years ago
White House warns of economic fallout if US defaults
The White House warned on Wednesday of a future of tumbling stocks and spiking unemployment if the United States defaults on its debt payments, a looming possibility as Democrats and Republicans fight over national spending.
Regulations 2 years ago
US may risk debt default 'as early as June 1': Yellen
The United States could run out of money to pay its financial obligations -- risking a catastrophic default -- as early as the start of June, Treasury Secretary Janet Yellen said Monday, as policymakers tussle over raising the debt ceiling.
Companies 3 years ago
PREMIUM
Surge in P2P loan defaults could trigger 'natural selection': Analysts
Analysts and industry observers generally feel that the recent increase in the default rate on P2P lending platforms can only be a good thing, as it would narrow the field and lead to greater competition.
Economy 3 years ago
PREMIUM
New uncertainty could necessitate more loan restructuring
Another extension of the bank loan-restructuring program believed to be unlikely, but experts and borrowers say authorities may want to reconsider, arguing that some businesses need more time to fix their finances.
Economy 3 years ago
PREMIUM
Russia slips into default zone as payment deadline expires
Russia has struggled to keep up payments on $40 billion of outstanding bonds since its invasion of Ukraine on Feb. 24, as sweeping sanctions have effectively cut the country off from the global financial system and rendered its assets untouchable to many investors.
