Depositor guarantee fund FITD in Italy considers the conditions to join a rescue plan for unhealthy Carige unacceptable. Italian cooperative bank Cassa Centrale Banca (CCB) set the conditions to rescue Carige, the bank in Genoa. CCB planned to reduce the total size of its investment in Carige. Discussions about rescue plan are still ongoing. A CCB meeting is scheduled on Wednesday. FITD distinguished almost $1 bn to rescue Carige via the conversion of over 300 million euros of a bond into shares.
Dell Technologies Inc. (DELL.N) said on Tuesday that it is examining options including a spinoff for its roughly $50 billion stakes in VMware Inc. (VMW.N) as the PC maker seeks to boost the value of its shares. Dell shares rose by 18% to $57.80 ...
The investors of flag carrier Norwegian Air (NWC.OL) backed its rescue plan with more than 95% of shareholders voted in favor of the conversion of nearly $1 billion debt-for-equity swap in Oslo on Monday. However, pilots and flight attendants ...
The highest U.S. retail banks will make some adjustments on Thursday to supply aid to its customers with negative balances on their checking accounts. These banks want to make sure that stimulus payments from the government will be received ...
Asian shares underperformed on Monday and oil prices sunk further as pessimism emerged that the worldwide shutdown and restrictions could last longer, impacting the global economy despite central banks’ necessary measures. Japan’s ...
Bond prices reached new depths on Thursday as wary investors disposed large volume of government bonds in virus-inflicted market. The sharp decline prompted central banks to heighten support for debt. Australian 10-year bond surpassed 50 basis ...