Hints and tips:
...“In order to have real visibility into the state of household balance sheets, we can’t just look at credit card debt or auto loan debt,” Chopra said....
...Unlike the widely feared Enforcement Directorate or Central Bureau of Investigation (CBI), they lack the power to throw their targets in jail — but even so, Siddhartha felt that he was being harassed....
...But the thing keeping it all together is debt. They owe more than $90m in art-backed loans with monthly interest payments coming in at about $300,000....
...The tax bureau also began padlocking Pogo offices until they pay....
...On March 1, China’s central bank and banking regulator announced that small and medium-sized enterprises could apply to delay debt and interest rate payments due in the first half of the year....
...The acting chief of America’s Consumer Financial Protection Bureau has told staff that enforcement actions should be pursued very sparingly, as “the most final of last resorts”, signalling a radical departure...
...The SEC declined to comment on whether it had begun a probe, but one former enforcement official expressed confidence to the Financial Times that the agency would take action....
...The group cut net debt by 27 per cent in the year, paying back £1.9bn. Bruno Monteyne, an analyst at Bernstein, said that the results were “a solid beat on all parts of the business”....
...Geo promised that dividends and debt covenants were safe. The shares clawed back some of the losses on Friday....
...To law enforcement, the case is about saving lives....
...Apple’s lawyers argued that unlike the New York Telephone Company, it was not a public utility and did not “routinely” extract the data that law enforcement sought as part of its daily business....
...To the Consumer Financial Protection Bureau, which was set up after the financial crisis as the primary regulator of education loans, the student debt situation bears hallmarks of the toxic mortgage loans...
...Nissin’s new shareholding has complicated any potential takeover of Premier, which has a debt burden and pension shortfall of about £1bn....
...Dell is taking on about $40bn in new debt to finance its takeover of EMC. Lex has been taking another look at the deal....
...ITT said it “vehemently disagrees” with the SEC’s enforcement action, which the company said “endangers all of our students”....
...There were more than 461 “justifiable homicides” by law enforcement last year....
...Auto lenders would also need to provide accurate information to credit bureaus and treat consumers fairly when collecting debts or repossessing a vehicle....
...But if the principle applies to their bonds, the complaints about extraterritorial enforcement of sovereign debt will get louder....
...Ben-Artzi alleged that, during the financial crisis, Deutsche Bank had overstated the value of more than $130bn of collateralised debt obligations or CDOs (securities containing different pieces of debt)...
...book, Professors Mian and Sufi argue that “economic disasters are almost always preceded by a large increase in household debt”....
...Barnes & Noble said it is working with banks as well as credit and debt card issuers to identify the compromised accounts....
...obligation known as Class V Funding III, and had placed a bet against it....
...“Hong Kong authorities had no vested interest in doing any enforcement,” Mr Bai said....
...Robert Khuzami, the SEC enforcement director, said the case represented the SEC’s “aggressive, thorough and thoughtful” approach to investigating cases tied to the financial crisis....
...., Oct. 19, 2011 – The Securities and Exchange Commission today charged Citigroup’s principal U.S. broker-dealer subsidiary with misleading investors about a $1 billion collateralized debt obligation (CDO...
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