Corporate defaults could be about to rise, according to Deutsche Bank (DB)’s closely watched annual default study, launched this morning.
Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors ended without a settlement on Wednesday.
Royal Bank of Scotland has appointed Clifford Chance to investigate whether it pushed companies that owed it money into difficulties to boost profit.
Faced with some Republicans shrugging their shoulders at the thought of the U.S. defaulting on its debt obligations for the first time ever, notable economists are warning that the consequences would be the economic equivalent of a swarm of frogs and a plague of locusts.
The CEO of Moody's ruled out the chance of a U.S. government default, even if an agreement over raising the debt ceiling is not achieved by October.
Stock market traders and investors don't believe the upcoming fight over the debt ceiling will result in a U.S. default, value investor Bill Miller told CNBC.