Tag Archives: spanish-property
Geneva banks lost more than $4 billion to Madoff: report
Reuters – Three European banks on Sunday announced a total of about $3.8 billion in exposure to an investment fund run by Bernard Madoff, the U.S. investor accused of running a $50 billion "Ponzi" scheme. The largest banks of both […]
BBVA unit says clients slash hedge fund exposure
Reuters – Clients of Spain’s BBVA Patrimonios have cut hedge fund exposure by more than two-thirds over the past year after disappointing returns, says its chief investment officer, who believes the industry is in meltdown. "Appetite for hedge funds has […]
Morgan Stanley and MUFG renegotiating pact: source
Reuters – Japan’s Mitsubishi UFJ Financial Group, which has watched Morgan Stanley’s share price plunge 58 percent last week, is seeking more favorable terms to its $9 billion deal, a person briefed on the matter said. The Japanese lender will […]
Vulture funds close in as Martinsa Fadesa falls
Reuters UK- Spanish property firm Martinsa Fadesa’s demise is a sign hedge funds are pushing hard to make profits out of ailing companies and may cause insolvencies in Spain to speed up. Hedge funds which bought Martinsa Fadesa debt at […]
