Australian fund Basis Yield files for bankruptcy
289810
Basis Yield Alpha Fund, a hedge fund specializing in corporate and structured credit, on Wednesday filed for bankruptcy protection in the United States amid mounting losses from U.S. subprime mortgage assets, court papers show.
216634
Barclays  and Royal Bank of  Scotland  have lined up emergency funds of up to $30  billion from the U.S. Federal Reserve to bail out American  clients caught up in the global credit crunch, a paper said.
566686
ABN Amro Holding hired Tomasz Stadnik and Chris Kelly from the Credit Suisse Group to run emerging markets fixed income at its asset management unit. The two succeed Raphael Kassin, who joined Credit Suisse in April after building up ABN Amroâs emerging market debt funds. Mr. Stadnik and Mr. Kelly jointly managed $1.5 billion of emerging market debt at Credit Suisse.
125752
Some of Australia's top fund managers face big losses from the this week's 80 percent slump in Centro Properties Group shares, as several of the mall operator's rivals begin to scan its assets for possible purchases.
395994
Financially struggling Interstate Bakeries Corp. early today filed for Chapter 11 bankruptcy reorganization in the US Bankruptcy Court in Kansas City.
355171
Investors poured back into equities on Thursday, hoping a rescue plan for ailing bond issuers would stop a new round of credit losses, although claims of a massive trade fraud added to financial sector worries.
375190
LOS ANGELES, Oct. 30  â The chief executive of Countrywide Financial, Angelo R. Mozilo, has been sued by a pension fund that accused the company of helping executives pocket improper gains by artificially inflating its stock price through share buybacks.
589426
Interstate Bakeries Corp. IBC.N,  maker of Hostess Twinkies and Wonder Bread, filed for  bankruptcy on Wednesday after struggling with more than $1.3  billion in debt, high costs and weak demand for bread products  amid the popularity of low-carbohydrate diets.
149669
The SCO Group, the software maker that sued I.B.M. for copyright infringement, filed for bankruptcy yesterday, 10 days after conceding that much of the case should be dropped.
415519
The Arlington investment firm Friedman, Billings, Ramsey Group said that its subprime mortgage subsidiary would file for bankruptcy protection and that it was likely to lose all of its investment in the firm, another blow to a company that already has been battered by the meltdown in the industry.
676363
Alliance Bancorp Inc. has filed for Chapter 7 bankruptcy protection and will liquidate, becoming the latest residential mortgage lender to collapse in the U.S. housing downturn.
644254
McLean-based furniture maker Rowe Cos. filed for bankruptcy protection yesterday and announced plans to sell Storehouse, the company's home furnishings retail outlet, to focus on its manufacturing business.
450992
MOSCOW  - In an eleventh-hour move, the Yukos oil company has filed for bankruptcy in a United States Court and is demanding the cancellation of this weekend's auction of its main production unit.
183636
Barclays Bank Plc  on Wednesday accused Bear Stearns Co Inc  of using two hedge funds that collapsed last summer as places to unload troubled assets.
404511
Barclays claims Bear Stearns loaded one of its hedge funds with about $500 million in troubled assets just weeks before it and another of its fund collapsed.
7207
The Cayman Islands-registered hedge fund filed for bankruptcy protection today in New York amid mounting losses from subprime mortgage assets, court papers show.
601617
Barclays Capital, the investment banking arm of the UK banking giant, is being sued over claims it failed to properly manage a portfolio of bonds.