Bankruptcy

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Bosnia's Bobar bank shut, big depositors face losses

BANJA LUKA, Bosnia Dec 24 - Bosnian lender Bobar Banka has been shut after its shareholders failed to come up with a recovery plan, the regional banking agency said, leaving its clients, including major state firms, at risk of losing some of their 250 million Bosnian marka ($156 million) in deposits.

BRIEF-Transsignalstroy to consider turnaround plan

* Said on Tuesday that it has decided to convene EGM for Jan. 22, 2015

24 Dec 2014

BRIEF-IKF sells stake in Ikf Technology

* Said on Tuesday it sold its 99.78 pct stake in Ikf Technology Srl for 10 euros ($12)

24 Dec 2014

A small Rhode Island fire district files for bankruptcy

Dec 23 - The state-appointed receiver for a small fire district in Central Coventry, Rhode Island, filed a petition to put the district into Chapter 9 municipal bankruptcy protection on Tuesday.

24 Dec 2014

Santander says interested in buying Portugal's BES successor

LISBON, Dec 23 - Spanish bank Santander on Tuesday formalised its interest in acquiring Portugal's Novo Banco, the successor to Banco Espirito Santo rescued by the state in August, Santander's Portuguese unit said in a statement.

24 Dec 2014

GT Advanced to sell its sapphire furnaces

Dec 23 - GT Advanced Technologies Inc said it is pursuing the sale of its sapphire furnaces and will pay former partner, Apple Inc, a portion of the cash it gets from the sale.

Regulatory News, 24 Dec 2014

No early Christmas for European banks as Basel consults on RWAs

LONDON, Dec 23 (IFR) - Proposals from the Basel Committee on Banking Supervision to overhaul the way banks measure credit risk in order to improve the comparability industry capital ratios could have broad ramifications for the industry, bankers have said.

23 Dec 2014

UPDATE 2-Austria sells Hypo Balkans network to private equity firm Advent

* Advent/EBRD consortium signs deal after weeks of negotiations

Madoff victims' payout nearing $7.2 billion - trustee

NEW YORK, Dec 22 - Victims of Bernard Madoff's massive Ponzi scheme will get a fresh $322 million payout if a U.S. judge approves the request by the trustee liquidating the convicted fraudster's firm, bringing the recovery total to more than $7 billion.

23 Dec 2014

UPDATE 2-Caesars Entertainment to buy affiliate to restructure debt

Dec 22 - Caesars Entertainment Corp, the world's largest casino ompany, will buy back an affiliate it had spun off last year, in a high-stakes financial reshuffle weeks before its main operating unit files for bankruptcy.

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