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Gol bondholders to hire bankers and oppose debt plan

  Bloomberg A group of Gol Linhas Aereas SA’s bondholders views the Brazilian airline’s debt restructuring proposal as unfair and has hired US investment bank Houlihan Lokey Inc. to negotiate with the company, according to two people with direct knowledge of the matter. The investor group, representing owners of more than 20 percent of Gol’s dollar notes, sees the plan ...

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Profit at Italy’s biggest bank UniCredit tumbles by fifth

  Milan / BLOOMBERG Unicredit, Italy’s biggest bank by assets, said that net profit fell around a fifth at the start of the year due to restructuring costs in Italy and Austria. The charges — to the tune of some 230 million euros – weighed on the bank’s net profit in the first quarter, which came to 406 million euros ...

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ING gains dip on regulatory costs

  Bloomberg ING Groep NV, the biggest Dutch lender, said first-quarter profit declined 29 percent on growing regulatory expenses and a loss at its financial-markets division. Net income dropped to 1.26 billion euros ($1.43 billion) from 1.77 billion euros a year earlier, the Amsterdam-based bank said in a statement. That compares with 1.24 billion euros, the average of seven analyst ...

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