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LONDON, July 4 (UPI) -- Sonja Kohn claims she was a victim of convicted money manager Bernard Madoff, but British authorities are investigating payments to her companies.
MANILA : Ratings agency Standard and Poor's affirmed its credit ratings for the Philippines, saying the outlook for both long-term ratings was stable despite the global financial turmoil.
The accounting firm for Image Entertainment Inc. has raised doubts that the home entertainment programming distributor can continue in business due to debt and lack of money for its operations.
The fourth quarter of 2008 was brutal for state chartered banks in California. Return on assets, return on equity and net income dropped into the negative digits for many, and some banks accessed the Troubled Asset Relief Program (TARP) in anticipation of things getting worse.
The unlikeliest of species on the Street is suddenly the sexiest. Not since the heady 1980s, when a surge in bond markets inspired such tales as The Bonfire of the Vanities and Liar’s Poker, have buttoned-down bond traders been so hot
VERONA — A project to build a new hotel in Verona, which has been on hold since the fall, is likely to get new life. Although the project was stopped because of financial trouble, new talks with the bank could mean it may soon resume.
It’s the dead of summer and the 2009-2010 NHL season seams years away. Only three months, in actuality, but an eternity to any hockey fan. Well, now is when general managers around the league make their money.
The European Central Bank kept euro zone interest rates at 1.0% on Thursday, and markets expect it to hold them at the all-time low for much of next year to help repair the region's economy.
Rio Tinto Ltd sold virtually all of the UK part of its US$15.2-billion rights offer, the world's fifth-biggest, easing its huge debt burden and putting the world's top iron ore miner back in growth mode.
No Canadian banks made it into the top 30 of the 1,000 banks ranked by the Financial Times' “The Banker” magazine, though CIBC scored 15th worst for losses.
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