It looks like Royal Bank of Scotland Group (RBS) drew the short straw in the UK government’s latest shakeup of the UK banking sector.
As DealBook reported, RBS agreed to sell its insurance business and some bank branches in England, Wales and...
A few interesting tidbits from the World Bank’s latest biannual East Asia and the Pacific Update:
The ratio of exports to GDP has risen only in Korea
Korea’s companies gained global market share as others in Asia stumbled
Korea’s Hyundai has...
As suggested by Research Recap two months ago, there’s a good chance there will be no merger of Kraft (KFT) and Cadbury (CBRY) – at least for now. In Kraft-Cadbury: Deal or No Deal? we outlined the reasons why such a combination might not make sense,...
Excerpts from Mind the GAAP: Reflections on European Corporates’ Results for H1 2009
Accounting limitations make it difficult to assess how the worst economic crisis since the Great Depression has affected the financial health of Europe’s largest...
More distressed issuers are undertaking debt exchanges as a means of weathering the recession.
Convincing debt holders to swap holdings that are in danger of default for bonds of lesser value has become an increasingly attractive option for some...
