Greece has to pay its third bailout in July, but the European creditors are set to miss signing up a deal with the International Monetary Fund meant to lend the country €7 billion.
On Monday, UBS AG went to trial over the $2.1 billion in losses that investors incurred on mortgage-backed securities after the collapse of the U.S. housing market.
The Puerto Rican government is now making new proposals in order to address the debt issue that the country needs to disburse. The new plan aims to help the country resolve its ever growing financial crisis.
Lehman Brothers and Ambac finally get justice as JPMorgan Chase agreed to pay them a total of almost $2.5 billion.
