Bankruptcy

Deutsche Bank deepens Tier 2 market, next stop Tier 1

LONDON, May 22 (IFR) - Deutsche Bank added yet more depth to the burgeoning bank capital market this week with the sale of a brand new structure for Tier 2 debt that should now pave the way for the bank to sell Additional Tier 1 bonds over the next 12 months.

Lehman Brothers Holding raises $1.88 bln selling broker claims

May 22 - Lehman Brothers Holding Inc, the former investment bank that is working to repay creditors, said on Wednesday it had raised $1.88 billion by selling claims it held against its former brokerage.

Bonds News, Bonds, Markets 9:16am EDT

Portugal plunders pension fund to tackle debt cliff

LONDON, May 22 (IFR) - The Portuguese government plans to tap nearly all of its state-owned pension fund to ease it over the hump of a hefty EUR27.5bn of financing needs over the next two years, according to domestic news reports.

Financials 6:49am EDT

UPDATE 1-Sweden detains ex-Saab executives in tax investigation

STOCKHOLM, May 21 - Swedish prosecutors have questioned the former head of bankrupt car maker Saab and two others in an investigation into suspected tax offences relating to the running of the company, officials said on Tuesday.

Battery maker B456 Systems' bankruptcy plan approved

May 21 - B456 Systems Inc, the lithium-ion battery maker which received a $249 million U.S. government grant, won court approval for its bankruptcy plan on Monday.

Sweden probes former Saab executives in tax investigation

STOCKHOLM, May 21 - Swedish prosecutors have detained the former chief executive of bankrupt car maker Saab and two others in an investigation into suspected tax offences relating to the running of the company, officials said on Tuesday.

BRIEF-Sarantel says to sell operating business

LONDON, May 21 - Sarantel Group PLC : * Determined that a sale of the operating business would be in the best

UPDATE 1-Dish's Ergen eyes LightSquared spectrum

May 20 - Charlie Ergen, the chairman of U.S. satellite company Dish Network Corp, has offered to buy bankrupt broadband company LightSquared Inc's wireless airwaves, a source close to Ergen told Reuters.

Stocks, Markets, Financials 20 May 2013

MF Global trustee liquidates broker's CME Group memberships

CHICAGO, May 20 - The trustee liquidating MF Global has sold a collection of the bankrupt broker's CME Group memberships for amounts below recent selling prices, according to a list of transactions published by the exchange on Monday.

Financials, Stocks, Markets 20 May 2013

Dish eyes LightSquared's Spectrum for $2 bln - Bloomberg

May 20 - U.S. satellite company Dish Network Corp has offered to buy bankrupt broadband company LightSquared Inc's radio frequencies for $2 billion, Bloomberg said, quoting people familiar with the bid.