Energy companies that are struggling to avert bankruptcy have recently been relying on a tool to buy time called a distressed-debt exchange. For some of them, that tactic may not work for much longer. ... Read full article
The U.S. imposed a $4 million civil money penalty on a Florida private bank for anti-money laundering compliance failures, including delays in filing reports relating to a $1.2 billion Ponzi scheme run by jailed attorney Scott Rothstein. ... Read full article
Companies loaded down with cheap debt could be in for a tough time refinancing it in coming years, according to a new report by Moody’s Investors Service. ... Read full article
Kicking the can down the road doesn’t seem to work for many distressed companies. The percentage of repeat defaulters since the Great Recession is running at more than double the historical average. That suggests that lax credit markets allowed troubled ... Read full article
The crisis experts this week were tasked with parsing the statements made by Apple Inc. related to its court fight with GT Advanced Technologies Inc. ... Read full article
