Bankruptcy

Deutsche Bank faces fine in Kirch case - Sueddeutsche Zeitung

FRANKFURT, Dec 19 - Deutsche Bank faces a fine of up to 10 million euros ($12.23 million) for making false statements in connection with the Kirch media group's long-running bankruptcy case, German daily Sueddeutsche Zeitung reported.

UPDATE 1-Caesars Entertainment unit to file for bankruptcy next month

Dec 19 - Caesars Entertainment Operating Co (CEOC), the main operating unit of Caesars Entertainment Corp , said it would file for Chapter 11 bankruptcy protection by mid-next month to cut its burgeoning debt.

Bonds, Regulatory News, 19 Dec 2014

Caesars Entertainment unit to file for Chapter 11 protection in Jan

Dec 19 - Caesars Entertainment Operating Co (CEOC), the main operating unit of Caesars Entertainment Corp , said it would file for Chapter 11 bankruptcy protection by mid-next month as it tries to cut its burgeoning debt.

Bonds, Regulatory News, 19 Dec 2014

Jury faults Credit Suisse in Lake Las Vegas refinancing

Dec 19 - A Texas jury has found Credit Suisse fraudulently enticed investors to back a $540 million loan for the Lake Las Vegas resort, only to have the borrower quickly default.

BRIEF-Teg Group says enters administration

* Board has decided that it must now place Teg Group Plc into administration

19 Dec 2014

Turbulent period for bank capital raises questions for 2015

LONDON, Dec 19 (IFR) - Subordinated debt issuance is expected to remain a strong theme in 2015 as banks continue to build up their capital bases, although a volatile second half in 2014 reminded investors that the asset class is not without dangers.

19 Dec 2014

Banks to shun ECB easy money as regulation bites

LONDON, Dec 19 (IFR) - Banks are likely to increase their bond market borrowing in 2015 despite heavy intervention from the European Central Bank, especially as they start to focus on new regulatory requirements aimed at buttressing their balance sheets.

19 Dec 2014

Social security disability firm Binder & Binder files for bankruptcy

Dec 19 - Binder & Binder, one of the largest social security disability firms in the United States, filed for Chapter 11 bankruptcy protection late on Thursday, court filings showed.

19 Dec 2014

UPDATE 1-Market Chatter-Corporate finance press digest

Dec 19 - The following corporate finance-related stories were reported by media:

UPDATE 1-Icahn offers $20 mln to keep Atlantic City Trump casino open

Dec 18 - Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey's troubled Atlantic City, was once the only major destination for gamblers on the U.S. East Coast.

Bonds, Regulatory News, 18 Dec 2014

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