The State Bank of India is the oldest and largest bank in India with the Indian government as the majority shareholder. Arundhati Bhattacharya, a 35-year veteran of the bank, will be appointed chairman in October 2013. His appointment coincides with Moody’s downgrading of the bank’s debt due to increased distressed assets. She is committed to …
Grameen Koota had avoided any direct effects of the crisis on the microfinance industry due to the new legislation of the Indian state of Andhra Pradesh in 2010. In evaluating the performance of his organization over the past two years, the Managing Director of Grameen Koota, Suresh Krishna was concerned about the impending failure of …
The case concerns the opening of world capital markets for a major income-oriented project in a developing country. Addresses key project finance and infrastructure issues in the context of a large toll road project in Peru.
FreeportMcMoRan’s acquisition of Phelps Dodge created the world’s largest listed copper company. JPMorgan and Merrill Lynch advised the acquirer and agreed to $ 17.5 billion in debt financing and $ 1.5 billion in lines of credit. Additionally, these two companies subscribed $ 5 billion in capital through simultaneous offerings of FreeportMcMoRan common shares and mandatory …
The winter of 2009 was a challenge for Cengage Learning, a heavily indebted provider of textbooks and professional materials that had been developed by ThomsonReuters LBO in 2007. The recession had not only weakened its pricing power, but its bonds from The benchmark had also fallen to levels that would indicate a distressed stock in …
On March 15, 1848, the governor of the Bank of France, Antoine d’Argout, faced the possible collapse of his institution. A cascade of agricultural and industrial shocks, rising food prices, unemployment and outflows of foreign exchange hit the heart of the French economy. At the same time, France and Europe in the broadest sense had …