Trump junk bonds slide as lenders seek restructuring
New York AP reports junk bonds backing Donald Trump empire fell on Tuesday amid talk of debt restructuring and lender unease over his $2 billion bank debt. Bonds tied to the Taj Mahal dropped to about 54–55 per 100, while Trump Plaza and Trump Castle issues eased. a related class action accuses Trump of disclosing client lists and misusing hotel assets for the Taj Mahal.
MENTIONED IN THIS ARTICLE
New York
Donald Trump
Trump
Ee New
Taj Mahal
Trump Plaza
Trump Castle
Wall Street Journal
Bankers Trust Co
Citicorp
Chase Manhattan Corp
Manufacturers Hanover Trust Co
U.S. District Court
Taj
Union strike looms as Greyhound seeks Chapter 11
Greyhound Lines Inc. filed for Chapter 11 bankruptcy protection listing liabilities near 540 million dollars while promising continued service. A bankruptcy hearing is set in Brownsville, with officials stating refunds are available via local customer service and that all tickets remain valid. Greyhound Dial Corp. had sold the lines in 1987 but retains stock and notes.
MENTIONED IN THIS ARTICLE
Dallas
Greyhousia@ Lines Inc
Chaptter 11
U.S
Richard Schmidt
Brownsville
Liz Hale
Greyhound
Greyhound Dial Corp
Greyound Lines
Greyhound Dial
Greyhound Lines
S&L regulators move to ease lending limits
Regulators plan a temporary increase in the loan limit a thrift may extend to a single borrower amid builder concerns. The draft would allow up to 60 percent of capital for single family and apartment construction, then taper to 30 percent before 1991 end and back to 15 percent. Eligible thrifts total 1,185 of 2,502.
MENTIONED IN THIS ARTICLE
Washington
Office of Thrift Supervision
S&l
S&ls
Treasury Department
Office of Management and Budget
U.S
Thrift Office
David Seiders
Seiders
American Banker
Thrift
Also Mentioned on This Page
Class VI
River Runners, Inc
Stone & Thomas
M. L
Munsing Near
Mercereer Mall
National Association of Home
Anil B. Agarwal
Mario Cardona
Lyle Gage
Assaad Mounter
Dr. In Y. Park
Dr. V. R. Phade
General & Vascular Surgery
Betty Powell
Anthony Rass
Martin Sherer
St. Luke's
Southview Drive
Bluefield
Humana Hospital
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