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January 24, 2013 |

Jobless claims decrease, prolonging seasonal swings

Applications for unemployment insurance payments decreased by 5,000 to 330,000, the fewest since the same week in 2008. Economists forecast 355,000 claims, according to the median estimate in a Bloomberg survey.
3 minute read
March 01, 2012 |

Asia Deal Digest: March 1, 2012

Paul Weiss and Amarchand lend a hand in the sale of an Indian mortgage lender; Allens Arthur helps an Aussie bank through a hybrid issue; and Freehills leads as a gas company taps the subordinated debt market.
6 minute read
May 09, 2012 |

Bankia's Rato steps down as Spain may offer banks rescue

Rodrigo Rato's exit from Bankia signals Spain is heeding part of the International Monetary Fund's advice for the banking industry as the government weighs a second bailout of the lender.
2 minute read
December 21, 2011 |

Getting Oriented

Turkey's thriving economy has made it the newest hot destination for international law firms and brought rapid change to Istanbul's legal market.
11 minute read
November 19, 1999 |

U.S. Firms Leading in Eurodeals

In sleepier eras, American law firms practicing in Europe were often relegated to deals where one party was American or where a European firm was listed on a U.S stock exchange. But in Europe's current wave of deals, as European companies embrace U.S.-style M&A tactics, American law firms are often the lead firms on both sides of European deals. U.S. firms long anticipated the M&A boom would remake Europe, but they may not have imagined that when it happened, they would play such an influential role.
6 minute read
May 30, 2012 |

Spain fails to count cost of zombie developers' mortgage loan

Spain is trying to clean up its banks, requiring lenders to set aside more for possible losses on soured property loans while propping up insolvent "zombie" developers, leading to credit-rating downgrades and plummeting share prices.
8 minute read
May 10, 2012 |

Spain takes over Bankia, readies second bailout

Spain's bank bailout fund will convert its $5.8 billion of preferred shares in Bankia's parent company Banco Financiero y de Ahorros, or BFA, into voting shares
4 minute read
July 03, 2012 |

Spain bank profit overestimate risks seeking too little help

While Spain's two largest lenders earn most of their income outside the country, smaller banks depend on domestic business. Most are paying higher rates for deposits than they earn on mortgages.
11 minute read
July 15, 2011 |

Crowds confront banks, thwart foreclosures

Luis Dominguez got up at dawn to take a 5 a.m. bus to join a human chain around a Madrid home threatened with foreclosure. Three weeks earlier, the crowd had come to him after he telephoned for help."I was facing eviction and they saved me from losing my home," said Dominguez, 74, a pensioner with a walking stick in one hand and a 5-foot placard saying "Stop Evictions" in the other.
7 minute read
November 26, 2012 |

Mexico's banks target wealthy in booming home market

Mexico's biggest lenders are tailoring products to grab their share of the 14.6 million additional homes the nation is expected to add between 2010 and 2040.
5 minute read

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