Retailers in bankruptcy are notoriously hard to restructure.
Well, they do pay higher rates, but not to their own clients.
Wells Fargo has $81 billion in exposure to loans that, on paper, it isn’t exposed to.
For a prisoner exchange between Switzerland and Spain?
It’ll take many more sell-offs and the collapse of many more iffy stocks before this over-enthusiasm, after nine years of central bank nurturing, is finally wrung out of the market.
And private equity firms are at the helm.
Bankruptcy becomes an increasingly common “exit.” And the pension obligations?
Micro Focus plunges 46% today, six months after its $8.8 billion acquisition of Hewlett Packard Enterprise.
Even bigger loss than reported 6 weeks ago, cost cuts abandoned, bonuses quadrupled.
iHeartMedia finally files for bankruptcy, whole sector under pressure.