Distressed debt spins into gold

Gandel, Stephen
December 2000
Crain's New York Business;12/11/2000, Vol. 16 Issue 50, p1
Focuses on the profitability of New York City financial services companies from offering debt restructuring services. Total amount of defaults on rated debt in 2000 as compared to that of 1997; Overview on financial restructuring deals during the early 1990s; Factors needed to be considered by investment banks in order to capture the debt restructuring business.


Related Articles

  • Debt Relief Services Blossom As Consumers Continue to Spend. Allen, Mike // San Diego Business Journal;11/25/2002, Vol. 23 Issue 47, p17 

    Reports on the increasing number of debt relief services in the California capitalizing on borrowers drowning in debt. Credit counseling; Debt negotiation; Passage of a law in California in an attempt to curb industry abuse.

  • Kazakh Banking: Tough Times Ahead In 2010.  // Emerging Markets Monitor;12/7/2009, Vol. 15 Issue 34, p1 

    The article discusses an outlook for the banking sector in Kazakhstan in 2010. It is noted that banks in the country may face various challenges in the forecast period, including deterioration in asset quality, debt restructuring and possible nationalization. On the other hand, it is predicted...

  • Downey Faces Accounting Change. Cornwell, Ted // National Mortgage News;1/21/2008, Vol. 32 Issue 16, p8 

    The article reports that Downey Financial Corp. will have to treat home loan modifications as a troubled debt restructuring under accounting rules as the result of an interpretation change by its auditors in the U.S. The change involves loans that were current and where the new interest rate was...

  • Restructuring good for banks.  // MEED: Middle East Economic Digest;2/18/2015, Vol. 59 Issue 7, p4 

    The article argues that the debt restructuring deal of investment company Dubai World has been approved by creditor which would help lower non-performing loan volumes for the financial industry of the United Arab Emirates.

  • Another Test For Default Swaps. Hahn, Avital Louria // Investment Dealers' Digest;8/15/2005, Vol. 71 Issue 32, p14 

    Reports on the possibility that the bankruptcy of Delphi Corp. in the U.S. could represent the second test of an electronic auction process to settle the myriad credit default swaps referencing it. Reference to the bankruptcy filing of fellow auto parts supplier Collins & Aikman Inc., which...

  • Rowe Nets Financing Commitment.  // Bank Loan Report;11/28/2005, Vol. 20 Issue 45, p3 

    The article focuses on the announcement of Rowe Cos. that it had received a commitment letter from GE Commercial Finance for up to 60 million dollars in debt financing in the U.S. The terms and provisions of the debt restructuring scheme is presented. Company president has claimed that the...

  • ISSUERS TAKE ACTIONS TO IMPROVE CARD-PORTFOLIO HEALTH.  // Cards & Payments;Sep2008, Vol. 21 Issue 9, p26 

    The article reports on the move of several credit card issuers to offset their overall risk exposure and improve the marketability of securitized loans. It notes that 60% of issuers have restricted their credit lines while 70% are reducing cardholder acquisitions efforts to offset their...

  • Credit Cycles & Debt Restructuring: Refining Theoretical Flaws. Burakov, Dmitry Vladimirovich // Review of European Studies;Dec2014, Vol. 6 Issue 4, p1 

    In this article we set ourselves the task to determine the place of the debt restructuring process upon various phases of the credit cycle. Given the fact that modern theories of credit cycle do not emit debt restructuring as an essential element of the credit cycle development, using data on...

  • ICICI Bank acquires 5.15% stake in Hindustan Motors.  // FRPT- Finance Snapshot;10/12/2014, p14 

    The article reports on the acquisition of a 5.15% stake in automobile manufacturer Hindustan Motors Ltd. (HML) by private sector lender ICICI Bank Ltd. in India on September 29, 2014. Information on why the bank made the asset acquisition is offered. Also mentioned is the suspension of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics