Danske Bank to sell Denmark's first Additional Tier 1 bond

By Aimee Donnellan Wed Feb 26, 2014 10:35am EST LONDON, Feb 26 (IFR) - Danske Bank is preparing to sell Denmark's first Additional Tier 1 bond and has hired Bank of America Merrill Lynch, BNP Paribas, Danske Bank, Goldman Sachs, HSBC and JP Morgan...

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Spanish owner of TV character Pocoyo enters administration

MADRID Wed Feb 26, 2014 1:23pm EST MADRID Feb 26 (Reuters) - Spanish entertainment company Zinkia, owner of the children's TV character Pocoyo, entered administration on Wednesday, the latest Spanish company to seek protection...

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Detroit mayor promises more jobs, less blight for bankrupt city

By Rachel Jackson DETROIT Wed Feb 26, 2014 10:31pm EST DETROIT Feb 26 (Reuters) - Nearly two months into his tenure as Detroit mayor, Mike Duggan outlined a plan for adding jobs and removing abandoned buildings in the...

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June trial planned for Detroit debt adjustment plan -judge

Mon Feb 24, 2014 3:41pm EST Feb 24 (Reuters) - Retirees, unions and others opposed to Detroit's financial restructuring plan will have a chance to argue their case at a trial starting in mid-June, according to an order...

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Detroit's debt adjustment plan hostile to bondholders -Fitch

Mon Feb 24, 2014 4:25pm EST Feb 24 (Reuters) - Detroit's plan to deal with its $18 billion of debt and emerge from municipal bankruptcy would set a troubling precedent for the U.S. municipal bond market, Fitch Ratings said...

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Austrian govt backs review of Hypo nationalisation

By Michael Shields VIENNA Tue Feb 25, 2014 7:24am EST VIENNA Feb 25 (Reuters) - The heads of Austria's two ruling parties on Tuesday backed the idea of letting a commission of experts look into the 2009 emergency nationalisation...

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Detroit sues retirement funds to void pension debt

Fri Jan 31, 2014 6:02pm EST Jan 31 (Reuters) - Detroit on Friday sued its two retirement systems in U.S. Bankruptcy Court, seeking to invalidate $1.45 billion of debt sold in 2005 and 2006 to fund public worker pensions, according to a court filing.The...

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Montana Catholic diocese files for bankruptcy in abuse settlement

By Laura Zuckerman Fri Jan 31, 2014 6:44pm EST Jan 31 (Reuters) - A Montana Roman Catholic diocese filed for bankruptcy on Friday as part of a proposed $17.5 million settlement with hundreds of adults alleging childhood...

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UPDATE 2-Detroit files lawsuit seeking to void pension debt

Fri Jan 31, 2014 9:43pm EST By Karen Pierog Jan 31 (Reuters) - Detroit on Friday filed a lawsuit in U.S. bankruptcy court seeking to invalidate $1.44 billion of debt sold to fund public worker pensions - a move that...

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