Hedge-fund manager Steven Cohen and Michael Bloomberg are among those ruing the day they bought the crushed shares of the UK bank touted as a “bargain.” More
Thomas Cook Collapses, up to 600,000 Travelers Stranded in Hotel & Airline Chaos, Triggers “Biggest Peacetime Repatriation in UK History”
Rescue deal fell through at the last moment. China’s Fosun and other shareholders are toast. Creditors get to fight over the debris.More
“Hidden Debt Loophole” Becomes Popular with Australian Corporations
Situation already so bad that hiding debt becomes a priority?More
Who’ll Rescue Thomas Cook, the Collapsing Vacation-Travel-Airline Giant with 21,000 Employees?
Shareholders are already toast. Would China’s Fosun conglomerate follow the time-honored principle of throwing good money after bad?More
Contagion from Liquidity Crunch at Junk-Bond Funds to Trigger “Material Second Round Effects”: EU Securities Regulator
The costs of dodging negative interest rates.More
These Incidents Raise New Questions about the Security and Operability of the Banking System in Mexico
For now, it’s deny, deny, deny.More
Bank of Mexico Raises Alarm About Mexico’s Economy
“Particularly worrisome” is that this slowdown “has taken place in a context where the US economy is growing above potential.”More
Woodford’s Shuttered Fund Crushed Further by Plunging Stocks in its Holdings, such as Muddy-Waters Target Burford Capital
Hedge funds have field day front-running the liquidation. 300,000 investors left twisting in the windMore
Liquidity Crunch Mangles UK Equity & Real Estate Funds
Exodus from funds with illiquid assets forces more funds to block redemptionsMore
HSBC Runs into Buzzsaw in Hong Kong & China, its Home Market Generating 75% of its Profits
HSBC’s pleas of innocence have won little sympathy in BeijingMore
