Fitch Group

Nine West Declares Bankruptcy, Sells Eponymous Brand
Investment Banking

Nine West Declares Bankruptcy, Sells Eponymous Brand

In addition to being overleveraged, Nine West faced quality issues and a lack of fashion-forward products in its footwear and handbag product lines.
By Vincent Ryan | April 9, 2018
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Fitch Downgrades Japan’s Debt Due to Fiscal Doubts
Risk Management

Fitch Downgrades Japan’s Debt Due to Fiscal Doubts

Fitch attributed its downgrade in part to “the absence of broadly equivalent fiscal measures" to replace a delayed sales tax increase.
By Matthew Heller | April 27, 2015
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Earnings Mixed for Large Banks in Q4
Credit

Earnings Mixed for Large Banks in Q4

A drop in capital markets earnings and heavy costs from defending lawsuits were a drag on universal bank earnings last quarter.
By Matthew Heller | February 2, 2015
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Saving the Ruble Could Mean Bankrupting Companies
Global Business

Saving the Ruble Could Mean Bankrupting Companies

A 17% interest rate may stabilize the ruble, but a Russian banking official says it has to be cut to forestall business bankruptcies.
By Katie Kuehner-Hebert | January 12, 2015
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Leveraged Lending Pullback Tied to Regulatory Scrutiny
M&A

Leveraged Lending Pullback Tied to Regulatory Scrutiny

Large U.S. banks may be heeding the warnings of regulators and staying away from highly leveraged deals.
By Matthew Heller | October 23, 2014
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Corporate Cash Growth Slows to 1%
Credit & Capital

Corporate Cash Growth Slows to 1%

The rate of growth in nonfinancial companies' cash balances is finally slowing, according to numbers from Moody's.
By Matthew Heller | October 21, 2014
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U.S. Corporate Cash Holdings Drop 5%
M&A

U.S. Corporate Cash Holdings Drop 5%

Industrial companies are no longer growing their cash reserves, instead deploying it to reward shareholders and invest in capital goods.
By Matthew Heller | September 30, 2014
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SEC Spells Out How Rating Agencies Must Reveal Conflicts of Interest
Risk Management

SEC Spells Out How Rating Agencies Must Reveal Conflicts of Interest

New rule requires rating agencies to promptly gauge whether a company's current rating must be revised to eliminate a conflict of interest.
By David Katz | August 28, 2014
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SEC to Clamp Down on Credit-Ratings Agencies
Risk & Compliance

SEC to Clamp Down on Credit-Ratings Agencies

Credit-ratings agencies are bracing for new regulations that will tackle problems with the "issuer pays" model and a lack of disclosures to investors.
By Iris Dorbian | August 18, 2014
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CFOs on the Move: Week Ending June 27
Human Capital & Careers

CFOs on the Move: Week Ending June 27

Fitch Group, Toys 'R' Us, Diebold, Aetnahealth, Ruby Tuesday, GNC Holdings, Century Aluminum, Simon Property Group, Epiq Systems, Great Lakes Dredge & Dock
By Joan Urdang | June 27, 2014
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