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...The new owner of UK car dealerships Stratstone and Evans Halshaw is preparing to cut hundreds of jobs after a collapse in the supply of used cars following the coronavirus pandemic....
...One Altice bondholder said they thought the company had intentionally “torched” its bond prices, adding that driving the value lower could be a ploy to impose steeper haircuts on bondholders....
...One friend, who balked at paying £49 for kids’ haircuts in a village in Kent, told me she had been cutting her little boy’s hair at home, using tutorials on YouTube....
...Argentina went further, soon afterwards imposing a 75 per cent “haircut” on its creditors. That was only the beginning of what would become a 15-year saga that shook the financial world....
...“No one wants to put in a new money [loan],” said one lawyer involved in the case. Additional reporting by Antoine Gara...
...Hundreds of millions of euros of transfers have occurred in the company before its collapse, which creditors say are unusual....
...), but one cannot fail to be amused by the FDIC pot calling the Swiss kettle black....
...This implies opco haircuts of 15-25% at the class A level....
...This is not a one-asset explorer. Galp already has oil production in Brazil, with a new project starting up at Bacalhau....
...When discussing rising insolvencies, Claudia Buch, who became chair of the European Central Bank’s supervisory arm in January, omits one vital cause....
...“That’s what happens with a nationalisation,” said one government official....
...There are hundreds of companies that were funded in a low interest rate environment that should have been shut down or sold, but have managed to only delay the inevitable reckoning....
...One woman told a local news channel at the scene in Kaduna that some families had as many as seven children kidnapped. “Please don’t let them take them away from us,” she said, crying....
...President Emmanuel Macron expressed his “deepest concern” about the Israeli army’s actions at the al-Shifa hospital complex and reiterated his “strong opposition” to any offensive against Rafah, where hundreds...
...True, a SAR would not be popular with bondholders, assuming they were forced to take a haircut....
...If this wasn’t provocative enough, bondholders were then told that they should brace themselves for haircuts....
...one Ukrainian national wrote on his embassy’s Facebook page....
...The haircut reduces RWA one for one, in that $1 of overcollateralization takes the RWA down by $1....
...One must assume that hundreds of spies are up to mischief in Germany.” For Thomas Haldenwang, the BfV’s president, the writing has been on the wall for some years....
...In other words, the most ostentatious people — and the ones most likely to be snobs — are not old money aristocrats (Mrs Astor’s “The Four Hundred”), but rather the vulgar, new money plutocrats — commercial...
...What kind of a debt haircut is needed to save a fly-by-night property developer that lacks cash flow, equipment, and property? It’s impossible to say, so “more than one” is a reasonable answer....
...The refinancing package involves holders of Metro’s riskier tier 2 bonds taking a 40 per cent haircut on their investments....
...Argylle himself is an international smoothie and master spy, played by Henry Cavill with a bog-brush haircut and a Roger Moore smirk....
...“Abrdn’s trust with employees has gone,” one of the people added....
...Either way, the key point is that private and public creditors are supposed to suffer the same level of haircut....
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