Suntech, one of the world’s biggest solar panel manufacturers, was forced in bankruptcy court Wednesday, becoming the latest casualty of a painful slump in the global solar industry. Suntech Power Holdings Ltd. said eight Chinese banks asked a court to declare it insolvent after the company missed a $541 million […]
Tag: Bankruptcy
JPMorgan says London Whale didn’t cause Lehman bankruptcy
The former JPMorgan Chase & Co (NYSE: JPM – news) trader known as the “London Whale” was not responsible for Lehman Brothers Holdings Inc‘s bankruptcy and should not be dragged into an $8.6 billion lawsuit accusing the largest U.S. bank of causing it, JPMorgan (LSE: JPIU.L – news) said. In […]
