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Guaranty Financial files Chapter 11

NEW YORK (Reuters) – Guaranty Financial Group Inc has filed for Chapter 11 bankruptcy protection, less than a week after regulators seized its banking unit and sold most of its assets to the Spanish bank, Banco Bilbao Vizcaya Argentaria SA . See the original post: Guaranty Financial files Chapter 11

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Guaranty Financial files Chapter 11 (Reuters)

Reuters – Guaranty Financial Group Inc has filed for Chapter 11 bankruptcy protection, less than a week after regulators seized its banking unit and sold most of its assets to the Spanish bank, Banco Bilbao Vizcaya Argentaria SA . Excerpt from: Guaranty Financial files Chapter 11 (Reuters)

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PBGC to assume responsibility for Delphi pensions

WASHINGTON – (AP) The Pension Benefit Guaranty Corp. said Wednesday that it will assume responsibility for the pension plans of 70,000 Delphi Corp. workers and retirees, as the troubled auto supplier continues to restructure under bankruptcy protection. See more here: PBGC to assume responsibility for Delphi pensions

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