First, it was the IL&FS Group that ran out of money. Now that the bankrupt Indian infrastructure lender-operator has been sequestered from creditors, the country’s securitisation industry is on borrowed time. It all began with S&P Global’s Indian affiliate, Crisil, downgrading Jharkhand Road Projects Implementation Co.’s annuity-backed bonds to D after it skipped interest and principal payments. It’s a strategic ...

One of the internet’s earliest and most lasting successes, eBay Inc., is under pressure again to remodel itself to fix a persistently cheap share price. The latest initiative from a prominent investor lacks crucial details but also highlights eBay’s missed opportunities. Elliott Management Corp. disclosed that it owns more than 4 percent of eBay’s stock, and it unveiled a blueprint ...

Bloomberg First came a sweeping government crackdown and a surge in defaults and failures at thousands of China’s peer-to-peer lenders. Now, in another troubling sign for the industry, some of the biggest investment banks have stopped taking them public. Wall Street firms including Goldman Sachs Group Inc and Citigroup Inc walked away from US initial public offerings of Chinese P2P ...