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Nick Corbishley

Journalist covering global financial, economic, and political developments

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How the Unemployment Fiasco in Europe Is Kept out of Official Unemployment Rates

The massive and once-again extended Pandemic-era furlough programs serve their purpose, but…More

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Spooked by Fishy Smells & Regulators, Investment Bank Natixis Dumps its 50% Stake in Formerly-$36-Billion Hedge Fund H2O

Blackstone Group, BNP Cardif, Crédit Agricole, and others have also unwound or suspended their relationship with H2O.More

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Interjet Runs Out of Runway. Six Other Latin-American Carriers Already Liquidated or in Bankruptcy

They didn’t get bailed out by taxpayers. But in a radical experiment these days, investors got to eat the losses, as they should.More

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WeWork Forerunner IWG/Regus Restructures its Business, Unleashing Mayhem on Landlords and Investors

Regus’ U.S. subsidiary, RGN Holdings, has already filed for Chapter 11 bankruptcy.More

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US, Global Corporate Giants Not Amused Mexico Finally Forces Them to Pay the Taxes They Owe

American Bar Association, Mexican business lobby, ambassadors from the US, Canada, etc. in uproar over holding executives accountable and threatening them with criminal probes. 70 Mexican officials also investigated.More

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Amid Eviction Moratorium, Wiggle Room Tightens for Retail Landlords & Tenants in the UK

Land Securities, a Giant UK REIT, announced that it would try to sell a large portion of its properties. No buyers identified yet.More

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Extend-and-Pretend Caused Bankruptcies to Plunge in Germany, France, Spain. Now Central Banks Tell Banks to Prepare for Bankruptcy Surge

The “second wave,” if prolonged, could cause bad loans to almost triple, to €1.4 trillion, says the ECB.More

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Highly Leveraged Commercial Real Estate Bets that UK Local Authorities Took to Meet Budget Shortfalls Begin to Unravel

With impeccable timing.More

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Private-Equity Firm Blackstone, Spain’s Largest Landlord, Tries to Unload its Properties

What does it mean when Wall Street mega-landlords that bought the impaired assets after the last crash are trying to unload during the worst economic crisis on record?More

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Small-Business Emergency Loan Program in the UK Threatens to Descend into Chaos

A goldmine for enterprising criminals. Even legitimate borrowers face sky-high default rates. Taxpayers to eat the losses.More

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