Friday SWFI News Roundup, December 18, 2015
DEFAULT: Ukraine’s $3 Billion Bond Payment to Russia
The Ukrainian government defaulted on a US$ 3 billion bond payment due to the Russian government on December 20th. Russia plans to take Ukraine to court if the payment was skipped. Russia did not want to participate in an US$ 18 billion restructuring with creditors earlier this year – contending they need better terms since they are a sovereign nation.
State Street Discovers Over $200 Million in Service Overcharges
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