Bankruptcy

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WRAPUP-Key hearing on Detroit's historic bankruptcy begins in US court

(Recasts, adds continuation of opening statements, background on grand bargain, attorney comments on selling art and raising taxes)

Nordea plans to sell Sweden's first AT1 bond in dollars -sources

NEW YORK, Sept 2 (IFR) - Nordea, Sweden's largest bank, looks set to launch the first Tier 1 Coco from the country, breaking the ice for a slew of Swedish capital deals.

Key hearing on Detroit's historic bankruptcy begins in federal court

WASHINGTON, Sept 2 - The key hearing in Detroit's historic municipal bankruptcy case began on Tuesday in a federal courtroom, where teams of attorneys were set to argue for and against the city's plan to adjust $18 billion of debt.

12:58am IST

UPDATE 1-Judge denies hold-out Detroit creditor motions to block evidence

(Adds background on bond insurers, comments from attorneys and judge)

Regulatory News, 12:52am IST

Judge denies hold-out Detroit creditor motions to block evidence

DETROIT, Sept 2 - A federal judge on Tuesday denied motions by two bond insurance companies that sought to block Detroit from presenting certain evidence at a key hearing on the city's plan to exit bankruptcy.

Regulatory News, 12:06am IST

UPDATE 1-Last call at Atlantic City's Revel: a few bettors, $5 bottles, state cops

(Updates with news on canceled U.S. Bankruptcy Court hearing and analyst comment, paragraphs 12-16.)

02 Sep 2014

FEATURE-Last call at Atlantic City's Revel: a few bettors, $5 bottles, state cops

ATLANTIC CITY, N.J., Sept 2 - Shortly before sunrise on Tuesday, Morgan Capezzera reclined on the roulette table at the Revel Casino in her bikini and snapped a selfie before the Atlantic City gambling hall shut its doors for good.

02 Sep 2014

BRIEF-South Africa's central bank to investigate ABIL

Sept 2 - Jse: Ablp - Abl - South African Reserve Bank ("The Sarb") Investigation Into African Bank

02 Sep 2014

UPDATE 1-HSBC prepares to sell inaugural CoCo bond

LONDON, Sept 2 (IFR) - HSBC is preparing to sell its debut contingent convertible bond following a global investor roadshow as it seeks to meet new regulatory requirements and replenish its stock of Tier 1 capital.

Private Capital 02 Sep 2014

HSBC prepares to sell inaugural CoCo bond

LONDON, Sept 2 (IFR) - HSBC is preparing to sell its debut contingent convertible bond following a global investor roadshow, according to the bank.

02 Sep 2014
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Is U.S. economic patriotism hurting?

Any Americans believing that their country is being bought up by the Chinese might want to think again, according to the Vale Columbia Center on Sustainable International Investment.

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