SBI says bankruptcy code can't solve all problems for banks

State Bank of India (SBI) Monday raised questions over the bankruptcy code being readied by the government, citing past experiences, while stressing on the need for a change in the overall 'ecosystem' to tide over the problem of bad loans.

Rapper 50 Cent says he`s broke after losing lawsuit

He calls himself 50 Cent, but the hip-hop mogul says he may not be worth even that.

The rapper known for the album and movie "Get Rich or Die Tryin`," filed for bankruptcy protection Monday as he faced a hefty payout in a lawsuit related to a sex tape.

Sole US rare-earths miner Molycorp files for bankruptcy

Molycorp, the sole US miner and producer of rare earth elements crucial in high-tech manufacturing, filed for bankruptcy protection on Thursday as it struggles with a mountain of debt.

Lee Ryan files for bankruptcy
Lee Ryan files for bankruptcy

Singer Lee Ryan has become the fourth and final member of Blue to file for bankruptcy.

Man kills judge, 2 others on rampage through Milan courthouse

A trial defendant shot dead a judge and two others on Thursday on a rampage through a Milan courthouse, casting a harsh spotlight on public security measures that Italy tightened earlier this year.

Brazil builder with ties to Petrobras files for bankruptcy

Brazil builder OAS, which prosecutors accuse of involvement in the massive corruption scandal at state oil firm Petrobras, filed for bankruptcy protection for nine of its units Tuesday.

Cyprus won`t need full EU bailout package: minister

Cyprus will not need all of the 10-billion-euro bailout it received in 2013 as its economy recovers faster than expected, the country`s finance minister told AFP.

Bailed-out Cyprus eyes return to normal borrowing this year

Cyprus hopes to borrow on financial markets this year, its finance minister told Reuters on Thursday, saying the island`s economy had more in common with bailout turnaround Ireland than Greece.

RadioShack gets court approval for interim bankruptcy loan

Bankrupt electronics retailer RadioShack Corp got court approval on Monday to borrow $10 million to support its operations until it opens the bidding this month for its best-performing stores.

Western powers say Libya risks bankruptcy as oil price falls

 The United States and five of its European allies on Saturday warned that Libya could face bankruptcy if oil prices continue to fall.

Passion for acting helped me rise from bankruptcy: Big B
Passion for acting helped me rise from bankruptcy: Big B

Megastar Amitabh Bachchan has seen highs and lows in his journey from being Bollywood's "angry young man” to its "Shahenshah”. The actor says his determination and focus helped him emerge from the brink of bankruptcy.

Singer Ginuwine close to declaring bankruptcy
Singer Ginuwine close to declaring bankruptcy

R&B star Ginuwine is on the verge of bankruptcy, his lawyer has revealed.

Judge in Apple supplier's bankruptcy questions need for secrecy

The judge overseeing the mysterious bankruptcy of an Apple Inc sapphire supplier on Wednesday voiced skepticism over requests for secrecy and compared the iPhone maker to a demanding homeowner unhappy with how a construction project turned out.

GT Advanced bankruptcy offers warning to Apple suppliers

The financial implosion of Apple Inc supplier GT Advanced Technologies Inc this week offers a dramatic illustration of how the iPhone maker can put the screws to suppliers willing to take a short-term risk for future riches.

Key hearing on Detroit's historic bankruptcy begins in US court

Detroit made history nearly 14 months ago when it filed the biggest-ever Chapter 9 municipal bankruptcy. The confirmation hearing to determine if the city`s plan to exit bankruptcy is fair and feasible began on Tuesday and is scheduled to stretch through Oct. 17.

RBI chief Rajan calls for better bankruptcy laws

Reserve Bank of India (RBI) governor Raghuram Rajan on Wednesday said the country was in need of clearer procedures when companies go bankrupt and called for new rules to remedy the situation.

RBI working on system for exit by businesses facing bankruptcy

RBI has started working on an enabling system for banks that will help those entrepreneurs seeking an honourable exit from unattractive ventures.

South Africa`s Kyalami track to be sold

South Africa`s Kyalami racetrack, which hosted Formula One Grand Prix races for nearly two decades, will be sold and could be lost to motorsport, auction organisers said Wednesday.

Tokyo court starts Mt. Gox bitcoin bankruptcy proceedings

Bankruptcy proceedings began today for the Mt. Gox bitcoin exchange, a move that was widely expected after the Tokyo District Court decided earlier this month that the company would not be able to resurrect itself.

IMF extends $14-18 bn rescue to Ukraine, tied to reforms

The IMF announced on Thursday a USD 14-USD 18 billion bailout for Ukraine to avoid bankruptcy but tied to painful and unpopular reforms amid the country`s escalating standoff with Russia.