Citi loses distressed credit trader of almost 16 years
Managing director in European distressed debt trading leaves bank after 15 years 

Former Societe Generale syndicate specialist joins distressed debt fund
Former managing director in syndication and capital markets becomes managing director at distressed debt fund

Investors get into a brawl over vodka company debt
Polish vodka manufacturer faces a battle over how to restructure its debt

Credit sourcing specialist leaves Citi for brokerage in London
Citi managing director leaves for brokerage in London 

Distressed debt veteran leaves asset manager for broker
illiquid and distressed debt veteran leaves Canadian asset manager for UK-based broker. 

Credit specialist leaves New York based hedge fund
Former director of investments leaves asset manager in New York

Nomura hires former JP Morgan credit prop team
Japanese bank hires credit traders in London and Hong Hong

Glass-maker ruling shatters hopes for high recoveries
Distressed investors in Mexican glassmaker Vitro have been hit by a US court’s rejection of a debt friendly bankruptcy filing

UBS targets hedge funds with distressed credit merger
UBS targets hedge funds with distressed credit merger

Madeleine Albright’s firm hires distressed debt specialist
The hedge fund set up by Bill Clinton’s secretary of state hires a distressed credit specialist

Australian credit trader returns to London after stint at Swiss fund manager
Australian credit trader returns to SocGen's London office after two years with Swiss fund manager

Distressed debt trader leaves US bank, with rumoured move to hedge fund
Former London based stressed and distressed debt trader leaves US bank with rumoured move to hedge fund.

Banks pile into European distress
European distressed credit is fast becoming banks’ favourite target for expansion, as a number of large banks hire and make internal shuffles to profit from an expected surge of trading in the sector

CIT bumps up defaults total
The spread of defaults through medium-sized companies in the US became apparent last month with the chapter 11 filings of a substantial number of corporates

Junior debt investors fear growth of insolvency forum shopping
Wind Hellas sets a worrying precedent for subordinated bond investors

Default rate falls dramatically
Defaults amongst corporates and financials noticeably slowed in September, and increased only mildly in October

Restructuring unwraps Linpac debt for wider trading
For the first time, UK packaging company Linpac’s debt will be tradable publicly, according to market sources

Court set to rule on Charter debt battle
Insiders expect an imminent resolution to a legal battle between senior lenders to bankrupt Charter Communications and the cable company’s junior debt and equity holders

Rate of defaults slows
The rate of defaults among corporates with over $100 million in debt is noticeably slowing, with last month seeing only four companies default in the first three weeks of September

Distress grows despite Brazil’s economic recovery
Brazil may be one of the first countries to have emerged officially from recession, but credit specialists in the country see the number of distressed Brazilian companies rising for some time

Bondholders say Wind Hellas is trying to wipe them out
Bondholders in a Greek telecoms company are furious over what they see as the company’s efforts to subordinate their interests to those of equity holders

Car wash ruling turns pressure hose on LBO equity sponsors
European LBO companies remain a battleground between private equity owners and creditors, and often between different groups of lenders