Kasima LLC, a company created by AMC Entertainment Holdings Inc., Cinemark Holdings Inc. and Regal Entertainment Group to implement digital cinema in their theaters, reduced the rate on a $680 million term loan, according to a person with knowledge of the matter.
Federal Reserve Governor Daniel Tarullo said regulators should impose higher requirements for capital and liquidity at banks that pose the greatest risk to the financial system, and should consider measures to link the two.
Some of the world’s largest banks are announcing spring makeovers. Earnings have improved, expenses are lower and capital ratios are higher. Today, for example, Deutsche Bank AG said its first-quarter earnings rose 19 percent and that it had sold almost 3 billion euros ($4 billion) of new stock.
A planned international limit on bank indebtedness will be on the agenda of every meeting of the Basel Committee on Banking Supervision this year as regulators seek to wean lenders off their addiction to debt, according to three people familiar with the talks.
Sprint Nextel Corp. bondholders are at odds with shareholders from Leon Cooperman to John Paulson who’ve praised a takeover bid from Dish Network Corp. that may amplify the largest junk issuer’s debt load by 31 percent.
Intrade, the betting website that halted trading last month amid a probe into suspected financial irregularities, told customers it has found a $700,000 shortfall in client funds as it seeks their backing for a survival plan.