Last week, Iceland’s president refused to sign a controversial bill to repay a $5 billion debt to Britain and the Netherlands, incurred when three Icelandic banks went belly up in October 2008. Now, the public may get to vote in a referendum.
CIT Group Said to Be in Talks to Amend $29 Billion Debt Swap (Bloomberg)
Oct. 15 (Bloomberg) — CIT Group Inc. , the 101-year-old commercial lender seeking to avoid collapse, is in talks with some bondholders to amend terms of its $29 billion debt exchange, according to people familiar with the matter.
GM’s Debt Denial (Forbes)
Word they won’t make $1 billion debt payment makes bankruptcy seem more likely for Fritz Henderson’s automaker.
Figures on government spending and debt (AP via Yahoo! News)
Figures on government spending and debt
G.M. Likely to Skip $1 Billion Debt Payment (New York Times)
General Motors is unlikely to make a $1 billion debt payment due June 1 because it expects to be in the process of restructuring its debt through a voluntary exchange or bankruptcy court by that point, a spokeswoman for the automaker said Wednesday.
Recent Comments