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Residential Capital seeks Chapter 11 protection
The U.S. government is hoping that Monday's bankruptcy filing by Ally Financial Inc.'s troubled mortgage business will help the company repay its government bailout faster.Residential Capital LLC, or ResCap, filed for Chapter 11 bankruptcy protection in New York, unable to make payments on debt taken out to finance soured home mortgages. The filing will separate the money-losing ResCap subsidiary
The U.S. government is hoping that Monday's bankruptcy filing by Ally Financial Inc.'s troubled mortgage business will help the company repay its government bailout faster.Residential Capital LLC, or ResCap, filed for Chapter 11 bankruptcy protection in New York, unable to make payments on debt taken out to finance soured home mortgages. The filing will separate the money-losing ResCap subsidiary
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Indians increasingly relying on personal savings to study MBA abroad
Despite holding a belief that the economy is improving, prospective MBA applicants across the world are dragging their feet on making their minds up about studying an MBA. Prospective applicants of
Despite holding a belief that the economy is improving, prospective MBA applicants across the world are dragging their feet on making their minds up about studying an MBA. Prospective applicants of
Fed: 15 banks pass stress test; Citi, 3 more fail
All but four of 19 major U.S. banks got a green light Tuesday from the Federal Reserve to boost their dividends and take other steps that will make their stocks more attractive to investors. The
TPG, Blackstone, Cerberus eye Kingfisher Airlines stake
After W L Ross’ investment in SpiceJet, another major private equity deal is likely in the debt-ridden Kingfisher Airlines. Private equity majors interested in buyouts have started initial
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