Texas Power Co-op Files Chapter 11 After Storm
Brazos Electric says the winter storm that devastated Texas left it in “a liquidity trap that it cannot solve with its current balance sheet.”
CFOs Are Relying on Banks to Keep Short-Term Cash Safe
Many increased their short-term investments in products offered by banks compared with 12 months ago, according to the AFP.
Norwegian Cruise Line Issues ‘Going Concern’ Alert
With cruise sailings suspended, the company says it may not have sufficient liquidity to meet its debt obligations over the next 12 months.
Retailers: Your Lenders Are Watching You
The key to survival in a recession is to anticipate a lender’s every move and every question.
Saudi Investment Fuels Rally in Carnival Shares
The world's largest cruise operator is grappling with a heavy debt burden as it ships remain idled due to the coronavirus pandemic.
Fed Offers Liquidity to Foreign Central Banks
The new FIMA Repo Facility is the Fed's latest move to relieve stresses in financial markets resulting from the coronavirus crisis.
U.S. Dollar Surge Continues on Virus Fears
"The strong U.S. dollar is slamming global capital markets like a sledgehammer today."
Fed Repo Offers to Pump $1.5T Into Markets
"This is a full-blown crisis response operation, intended to make it abundantly clear that the Fed will not allow liquidity to dry up."
Three Key Coronavirus-Related Strategic Risks to Consider
While it's too early to measure the impact the disease will have on companies, finance chiefs should be prepared to deal with these risk factors.
Bar Louie Files Chapter 11 to Pursue Asset Sale
The company has also closed 38 locations as it struggles with declining mall traffic and a shift away from casual dining.
Fed OKs Rollbacks of Post-Crisis Banking Rules
The Board of Governors voted 4-1 in favor of the changes, with the dissenter saying they would weaken core safeguards.