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AP Business SummaryBrief at 7:51 a.m. EST - Vimarsana News

AP Business SummaryBrief at 7:51 a.m. EST

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Julius Baer CEO resigns as Swiss bank announces plans t... - Vimarsana News

Julius Baer CEO resigns as Swiss bank announces plans t...

Julius Baer says its CEO is resigning and the Swiss bank is quitting the private debt business as well as setting aside more than a half-billion dollars reportedly over its exposure to bankrupt Austrian asset manager Signa

Insolvency at Benko's Signa Falls Into Chaos - Vimarsana News

Insolvency at Benko's Signa Falls Into Chaos

(Bloomberg) -- The insolvency of Rene Benko’s troubled property empire took a tumultuous turn Monday after the insolvency administrator for Signa’s umbrella organization said representatives in other key units of the opaque conglomerate rejected overtures to coordinate the restructuring.Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersTrump Cash Stockpile at Risk From $450 Million Dual V

Source: yahoo.com
Austrian Justice Minister Zadić Plans Reforms in Connection with the Signa Insolvency - Vimarsana News

Austrian Justice Minister Zadić Plans Reforms in Connection with the Signa Insolvency

The insolvency of the Signa real estate company has far-reaching consequences, which are now also prompting the Austrian Ministry of Justice under the leadership…

Signa Prime Selection can fund operations, administrator says, ET RealEstate - Vimarsana News

Signa Prime Selection can fund operations, administrator says, ET RealEstate

Signa is the biggest casualty to date of Europe's property crisis. Its holding group at the centre of a complex constellation of around 1,000 companies filed for insolvency in November.