Bain Capital

The National Bank of Greece Group on Friday announced the completion of a transaction for the disposal of a nonperforming, predominantly secured, corporate loan portfolio to the investment firm Bain Capital Credit for a total principal amount of 1.6 billion euros.

National Bank of Greece (NBG) announced on Tuesday that it had entered into a definite agreement with Bain Capital Credit for the sale of a Romanian-risk corporate nonperforming exposures portfolio ("Project Danube") with a total gross book value of around 174 million euros.

Greece's Alpha Bank is in talks with at least five US investment firms including Cerberus and PIMCO in a fresh attempt to offload a portfolio of bad debt worth more than 10 billion euros ($11.3 billion), two sources told Reuters.

Over 20,000 properties of all types are expected to come on the market in the coming years, either through direct sales or auctions, with an obvious impact on prices.

Alpha Bank is awaiting binding offers from three short-listed investors for the concession of its nonperforming corporate loan portfolio dubbed "Neptune," testing investor interest in the largest portfolio of secured corporate loans put up for sale by a Greek lender to date.

Properties worth hundreds of millions of euros are expected to come on the market in the next few months as banks and the investments funds that have acquired portfolios of loans secured against property assets are picking up the pace in this process to make the most of improving conditions and institutional investors' appetites for more and larger properties, so as to secure higher prices.

Forty major foreign investment firms and 30 Greek business groups will be meeting in Athens on September 20 in a roundtable to discuss investment projects that could be implemented in the near term.

U.S. tech titans Apple and Dell have joined a bid to buy Toshiba's memory chip business, a deal seen as key to the survival of the cash-stripped Japanese industrial conglomerate, the US investor leading the consortium has said.

At a train station used by hundreds of workers at struggling Japanese electronics giant Toshiba, an advert is apparently trying to poach staff worried by their employer's precarious financial position.

The June 25 Supreme Court decision helped solidify President Barack Obama's landmark health care law -- and galvanized every Republican 2016 presidential candidate in their vows to repeal it.
 
The ruling upheld a controversial portion of the Affordable Care Act that allows the federal government to subsidize insurance by giving tax credits to consumers nationwide.