Posted on 02/07/2018 8:28:27 AM PST by RinaseaofDs
BEIJING/SHANGHAI, Feb 7 (Reuters) - An HNA Group company has failed to make an early payment it had agreed to on a 1.7 billion yuan ($271.9 million) trust product that falls due next week, two sources with direct knowledge of the situation said, the latest indication of financial stress at the highly leveraged conglomerate.
(Excerpt) Read more at nasdaq.com ...
Today they're real estate arm missed a $270M payment. They are in technical default.
The questions: 1. Who's insuring that debt? 2. The total debt is $15B, can that company make CITIC whole (CITIC is holding the debt)?
DB shares are down bigly today.
Given the market shenanigans of this still young week, I thought this news really hadn't made the rounds of yet.
Look out for falling knives people.
This thread sucks without pics of Chinese ghost cities.
All 28. Not counting the ones they built in Africa. Yes, Africa.
Bookmark great catch. Anyone know anything about Apache Corp?
An entire asset class ceased to exist on Monday. This happens last night.
Feels like crumbling at the edges. Normally a 666 point drop would have 1/3 of the VIX knock on than it did this week.
The Chinese seem convinced there is going to be a war. I’m sure there is zero connection between their biggest company going into bankruptcy and their need to put 1 billion out of work Chinese people to some gainful task.
Bookmark holy crap
Deutsche Bank Posts Losses of €497 Million for 2017
Third consecutive year of losses...
Opening up the land for the animals to be free and wild, with the people easily controlled.
They don't need pesky things like money, fuel, cars Etc, just gov transportation to the farms & factories.
Really wondering if the EU had its mitts in the dirty dossier...
Credit Suisse made about 230M Euros last year. On Monday they lost about 500M Euros overnight.
The Obama Admin wanted to fine DB $14B Euros. He had to be smoking crack in the White Hut.
I don’t think Barry was serious about that fine. I think it was a lotta smoke and mirrors.
I think DB settled for $5B. DB shares got hammered, and the German government had to get involved.
He was incredibly serious. He hit BP for $20B without batting an eyelash over the thing in the Gulf of Mexico. BP just bent over and took it with a handful of sand tossed in.
Was that the benchmark rigging thing? If so, that fine ended up being about $70 mil. Was the Russian money laundering fine ever actually assessed?
No, it was the fine from the 2008 mishagas. The MBS fraud stuff.
Hard to keep all the fraud and fines straight, isn’t it?
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