S&P Global Ratings reveals African development banks are strengthening capital buffers and expanding lending capacity. New frameworks could unlock up to $800 billion in additional sovereign lending to address infrastructure and climate financing gaps.
Deutsche Bank and activist hedge fund Carronade Capital are reportedly attempting to block Ardagh Group’s $10 billion restructuring agreement. The dissenting bondholders argue the deal disadvantages holders of payment-in-kind bonds while providing substantial payouts to shareholders.
Deutsche Bank and activist hedge fund Carronade Capital are reportedly attempting to block a $10 billion restructuring deal between Irish billionaire Paul Coulson and the majority of Ardagh Group’s bondholders, according to financial industry sources. The Luxembourg-based packaging giant, one of the world’s largest producers of glass and metal drinks containers, announced the comprehensive restructuring agreement in July following extended negotiations with creditors.
Jefferies CEO Rich Handler told investors the investment bank believes it was “defrauded” in the First Brands Group bankruptcy that has rattled Wall Street. The auto parts conglomerate’s collapse with over $2 billion reportedly missing has drawn comparisons to Enron from famed short seller Jim Chanos.
Jefferies Financial Group CEO Rich Handler has reportedly told investors his firm believes it was “defrauded” by First Brands Group, according to recent SEC filing disclosures. The comments came as the investment bank faced scrutiny over its exposure to the auto parts conglomerate’s bankruptcy that has sent shockwaves through financial markets.
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