UPDATE 1-Brokerage firm RCS Capital files for bankruptcy

Feb 1 (Reuters) - RCS Capital Corp, a brokerage firm tied to real-estate investor Nicholas Schorsch, filed for Chapter 11 bankruptcy protection to reduce debt and as per the plan its key lenders will...

from Reuters: Bankruptcy News http://ift.tt/1Twasvv

Brokerage firm RCS Capital files for bankruptcy

Jan 31 (Reuters) - RCS Capital Corp, a brokerage firm tied to real-estate investor Nicholas Schorsch, filed for Chapter 11 bankruptcy protection to reduce debt and as per the plan, its key lenders...

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Caesars gets fresh chance at halting U.S. creditor lawsuits

CHICAGO, Jan 29 (Reuters) - The bankrupt operating unit of Caesars Entertainment Corp will soon ask a U.S. judge to shield its parent from $12 billion of lawsuits to facilitate a debt-cutting rescue...

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Lloyds tries to turn page on ECN era

LONDON, Jan 29 (IFR) - Lloyds is seeking to buy back or redeem all of its remaining Enhanced Capital Notes (ECNs) and turn the page on the institution's dark days, despite an ongoing legal battle...

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UPDATE 1-Societe Generale quits as primary dealer for UK public debt

LONDON, Jan 29 (Reuters) - Societe Generale will become the second bank to stop acting as a primary dealer for British government bonds in just over three months, the UK Debt Management Office said on Friday, as tougher regulation and low margins dent the role's appeal.

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BRIEF-DF Deutsche Forfait informs about filing of bondholders' claims in insolvency proceedings

* Informs about filing of bondholders' claims in the insolvency proceedings

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Societe Generale quits as UK primary dealer - DMO

LONDON, Jan 29 (Reuters) - Societe Generale will next week become the second bank to stop acting as a primary dealer for British government bonds in just over three months, the UK Debt Management Office said on Friday.

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Greek soccer chief laments 'death of football city' as another club folds

ATHENS, Jan 29 (Reuters) - The crisis engulfing Greek soccer claimed another victim as a second-tier club went into administration, mirroring wider financial troubles and leaving a hotbed of the...

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BRIEF-Mediatel says Hawe Telekom files to open restructuring proceedings

* Its unit, HAWE Telekom Sp. z o.o., filed for the opening of restructuring proceedings to Court in Warsaw,Poland Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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BRIEF-Macintosh Retail says agreement reached on sale of Manfield B.V. assets

* Said on Thursday the administrators and financing banks reached agreement on the sale of assets of Manfield B.V. to Mnfld BV

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End to Saudi Algosaibi debt saga inches closer as creditors meet

DUBAI, Jan 28 (Reuters) - One of the Middle East's longest-running debt disputes edged closer to being resolved on Thursday when Saudi Arabian family conglomerate Ahmad Hamad Algosaibi and Brothers...

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Brazil court upholds OAS bankruptcy plan, paving way for asset sales

SAO PAULO, Jan 28 (Reuters) - A Brazilian bankruptcy court upheld a restructuring plan for embattled engineering conglomerate Grupo OAS, paving the way for a slew of asset sales aimed at helping pay...

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UPDATE 2-AB InBev cancels $42.5 bln of acquisition loans after bond issue

Jan 28 (Reuters) - Anheuser-Busch InBev said on Thursday that it had cancelled $42.5 billion of a record $75 billion senior acquisition loan after raising a hugely successful bond which was used to repay part of the loan.

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UPDATE 1-UK to postpone Lloyds share sales until markets calmer

* Lloyds shares currently below break-even for government (Adds analyst, Lloyds comments, detail, background)

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UK's Osborne says to postpone Lloyds share sales until markets calmer

LONDON, Jan 28 (Reuters) - British finance minister George Osborne said on Thursday that the government would postpone the sale of shares in bailed-out lender Lloyds Banking Group due to the turmoil in the global financial markets.

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Puerto Rico's PREPA, creditors revive restructuring deal

SAN JUAN, Jan 28 (Reuters) - A deal to restructure Puerto Rico's debt-laden power utility, PREPA, received new life late on Wednesday after the agency and bondholders agreed to extend a crucial...

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Texas tycoon Wyly urges U.S. judge to reject IRS tax case

DALLAS, Jan 27 (Reuters) - A lawyer for Texas tycoon Sam Wyly argued on Wednesday that the Internal Revenue Service had failed at trial to prove the businessman used offshore trusts to engage in a...

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UPDATE 1-Atlantic City emergency manager moves to consulting group

Jan 27 (Reuters) - Kevin Lavin, appointed a year ago as the emergency manager for New Jersey's distressed gambling hub Atlantic City, is joining Ankura Consulting Group.

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