Blackstone Group, BNP Cardif, Crédit Agricole, and others have also unwound or suspended their relationship with H2O.More
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
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
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
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
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
Highly Leveraged Commercial Real Estate Bets that UK Local Authorities Took to Meet Budget Shortfalls Begin to Unravel
With impeccable timing.More
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
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
Hong Kong’s Overleveraged Commercial Real Estate Tycoons Unravel, Prices Plunge, Creditors Begin to Take Over
Another 34% markdown. The haste with which creditors want to execute the sale adds to the gloom.More
Nick Corbishley 