Palm Beach Finance can pursue $1B Ponzi claim vs. GE Capital

“A stronger Europe means that everyone has to do its duty and not to ask for more money by others — that’s the wrong way to get a strong Europe, that’s the wrong incentive.” German FM: Greece needs until 2022 German FM: Eurozone in a better place His comments come ahead of the September 22 election, as Merkel faces a German electorate weary of Europe’s largest economy helping to bail out troubled eurozone nations, whose debt woes have threatened the stability of the currency. Greek unemployment hits record 27.6% Greece, along with three other eurozone countries — Portugal, Ireland and Cyprus — remain dependent on rescue loans from the EU and International Monetary Fund (IMF). The 17-nation eurozone has emerged from its longest ever recession, growing 0.3% in the second quarter after 18 months of contraction. Unemployment rates remain high, but worries that the debt crisis could spread to larger economies such as Spain and Italy — which both saw borrowing costs climb dangerously high last year — have abated. “You can see if you look at the rates for sovereign debts they are stable.

Market Chatter-Corporate finance press digest

history a behind those of Bernie Madoff and R. Allen Stanford . Palm Beach Finance was a set of investor funds that invested in Pettersa business operations. Petters created the illusion of massive deals in financing consumer electronic merchandise transactions, but most of the invoices were faked. Palm Beach Finance is currently run by a court-appointed trustee, Barry Mukamal of Marcum, who is represented by Miami-based Meland Russin & Budwick .

Honda Canada Finance sells C$550 mln of notes – term sheet

With an apparent fix of the technical error on the way, the real issue for credit unions is the original tax hike, said Rogers. “The federal budget introduced a tax change that was a total surprise, and we were blindsided by that,” he said, estimating the measure would cost credit unions $28 million annually. Credit unions and caisses populaires consider themselves small businesses, with higher operating costs because they can’t achieve the same economies of scale as the larger financial institutions. “We hope to convince (the government) that the words in the budget document that said this tax increase on credit unions would restore neutrality and fairness probably doesn’t achieve that goal,” he said.

Finance Department says it will fix credit-union tax error revealed by auditors

The sale was a private placement. The issue included C$300 million ($286 million) of floating-rate notes due Dec. 3, 2015. The notes, which were priced at par, have a coupon rate of 42 basis points over the three-month Canadian Dealer Offered rate or CDOR. Honda Canada Finance also sold C$250 million ($238 million)floating-rate notes due Dec.

government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with the matter. * Billionaire Roman Abramovich is close to buying one of the biggest top-end office complexes in Moscow for up to $800 million in what would be Russia’s second-largest office deal, three sources told Reuters. * KKR & Co and TPG Capital are out of the running in the auction for Hutchison Whampoa Ltd’s Hong Kong supermarket chain ParknShop, people close to the matter told Reuters, after their offers failed to meet the company’s expectations. * BlackBerry Ltd is considering spinning off its messaging service into a separate unit, the Wall Street Journal said on Tuesday, quoting people familiar with the matter.

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