Austrian mogul Rene Benko's €23 billion ($25 billion) retail and property empire Signa is facing insolvencies as doubts grow over securing emergency funding. Julius Baer is expected to make provisions for about half of its exposure to troubled Signa. Signa is planning to file for insolvency proceedings, making it a prominent casualty of Europe's property crisis.
Tycoon Rene Benko’s Signa is planning to file for insolvency proceedings, making the co-owner of New York’s Chrysler building one of the most prominent casualties of Europe’s property crisis https://t.co/E9yWdDAxx2
Tycoon Rene Benko’s Signa is planning to file for insolvency proceedings, making the co-owner of New York’s Chrysler building one of the most prominent casualties of Europe’s property crisis https://t.co/HapH0Hma9Q
Julius Baer shares slide another 5% on Signa worries https://t.co/PZZKoZ2zYi https://t.co/I2KSJJJTRf
With a roster of backers ranging from sovereign wealth funds to a bevy of European billionaires with investments spread across a complex company structure, the restructuring of Signa promises to be a messy business. Read it here in The Brink. https://t.co/y1QAIL2zEG
Citi is among lenders that have provided credit to a now-insolvent unit of Rene Benko’s Signa group of companies https://t.co/gSw1pXkuo0
With a roster of backers ranging from sovereign wealth funds to a bevy of European billionaires with investments spread across a complex company structure, the restructuring of Signa promises to be a messy business. Read it here in The Brink. https://t.co/5jyNcg8zMg
With a roster of backers ranging from sovereign wealth funds to a bevy of European billionaires with investments spread across a complex company structure, the restructuring of Signa promises to be a messy business. Read it here in The Brink. https://t.co/SItMzgkxUl
Julius Baer will likely end up making provisions for about half of its exposure to troubled Signa, according to Swiss private bank Vontobel https://t.co/eR1FWKQiyk
Julius Baer will likely end up making provisions for about half of its exposure to troubled Signa, according to Swiss private bank Vontobel https://t.co/fhokWMXoY8
Austrian property tycoon Rene Benko transfers a stake in Signa to Swiss investor in a sign of maneuvering around the embattled group as it holds last-ditch talks to secure emergency funding https://t.co/Rimjrb7Z95
Austrian property tycoon Rene Benko transfers a stake in Signa to Swiss investor in a sign of maneuvering around the embattled group as it holds last-ditch talks to secure emergency funding https://t.co/sFuNeeXmpW
Struggling European property group Signa held rescue talks with Elliott https://t.co/ctJuIfY9eV
Breakingviews - Julius Baer’s damage control only goes so far https://t.co/mQ0GzubiJY https://t.co/mQ0GzubiJY
Breakingviews - Julius Baer’s damage control only goes so far https://t.co/d5DoCMcIFo https://t.co/d5DoCMcIFo
Signa likely to make further insolvency filings - source https://t.co/hT5MYOc6T1 https://t.co/hKQsVEBx77
From Breakingviews - Julius Baer’s damage control only goes so far https://t.co/o7UMfZMZrm https://t.co/o7UMfZMZrm
Austrian mogul Rene Benko’s €23 billion ($25 billion) retail and property empire Signa is on the cusp of a wave of insolvencies as doubts grow that last-ditch efforts to secure emergency funding will succeed https://t.co/EasWsEJeeD
Austrian mogul Rene Benko’s €23 billion ($25 billion) retail and property empire Signa is on the cusp of a wave of insolvencies as doubts grow that last-ditch efforts to secure emergency funding will succeed https://t.co/7nlo6HV49p
Austrian mogul Rene Benko’s €23 billion ($25 billion) retail and property empire Signa is on the cusp of a wave of insolvencies as doubts grow that last-ditch efforts to secure emergency funding will succeed https://t.co/eCdfYdovpa