Even before the current wave of financial restructuring, the social composition of the city was worryingly lopsided.
That forced a recent financial restructuring, under which 3i, a venture-capital company, is expanding its stake in the firm from 20% to 49%.
And once the bill was passed, the government planned to set up a financial restructuring authority to take over the management of weak banks.
Unable to meet its debts, YRC underwent a financial restructuring that wiped out most shareholders and forced it to layoff a large percentage of its workforce.
But critics argue that the rise in sales and profitability is unsustainable: the financial restructuring of the firm may harm its ability to keep on growing.
Investors reacted to the news by selling Clearwire shares, apparently fearing that any financial restructuring could include replacing some debt with equity, and diluting current holders.
FORBES: Update: Clearwire Says It Hasn't Hired Restructuring Firm
The consulting firm, which has a huge financial-services practice, has seen revenue growth slow this year, but its advice on financial restructuring and regulation is in demand.
The broadband wireless network operator made the comments in response to a Bloomberg story yesterday which said the company had talked to Blackstone Group about possible financial restructuring alternatives.
FORBES: Update: Clearwire Says It Hasn't Hired Restructuring Firm
Two new entities will be created: the Financial Restructuring Agency (FRA), which will rescue ailing finance companies and banks, and the Asset Management Corp. (AMC), which is tasked with taking over bad loans.
In what has been for most politicians three months of absorption in the exigencies of the disaster, the bureaucracy has nonetheless plodded on to produce a financial restructuring proposal for the old age welfare system, particularly pensions.
Mr Klesch has, for example, become a thorn in the side of Eurotunnel, which operates the Channel tunnel between Britain and France, making doom-laden pronouncements about the company's prospects and criticising the financial restructuring agreed on by its 200-plus banks.
Michael Rollins, analyst with Citigroup--the bank that led Vonage's ill-fated IPO last year--wrote in a March 26 note that "failing to successfully address the patent infringement suits" could force Vonage into "a financial restructuring or bankruptcy" in one or two years.
Last week, in a bid to sweeten the pot for its shareholders and creditors, who must agree on an unpalatable financial restructuring, it asked the British and French governments to extend its operating franchise from a mere 65 years to 999 years.
As for finance companies, most of the debts will have been cleared away once the Financial Sector Restructuring Authority (FRA) completes its final loan auction in August.
However, financial sector restructuring programs in these countries includes safeguards on the amount of public funds that will be used, and on the return of financial institutions to the private sector.
"Optimists assumed that recession-plagued nations had substantially completed financial and corporate restructuring, " explains Rountree.
Sogefi had taught Mr Colaninno the art of releasing value through financial engineering and restructuring.
Important progress is being made toward addressing some key structural problems that contributed to the Crisis, especially in the areas of financial and corporate restructuring.
Progress has been made in restructuring the financial system, but it has been an arduous exercise.
It provides for state financial support to debt restructuring, up to a limit.
But the banks are unwilling to degrade their already-tattered balance sheets further and risk another financial crisis: debt restructuring is going very slowly.
Broadly, the resolution of the Crisis involves a four-stage process: stabilizing the currency, lowering interest rates, restructuring the financial sector and, finally, kick-starting the economy.
But controls can also be used to mask the extent of the fundamental problems and postpone grappling with such problems as financial sector and corporate restructuring.
It has to manage the restructuring of the financial sector and help those hit by the crisis.
These include an aging population, a financial system that badly needs restructuring, and deregualtion of industries that other developed nations addressed long ago.
If unions cooperate in restructuring benefits and financial plans in a way that make them sustainable for the long-term, the emergency financial manager will not have to touch their contracts.
Give him an inch, and he will indeed take an hour to discuss the crucial but unglamorous restructuring of global financial institutions and liquidity ratios, or so it can seem.
It said that the merger was part of the restructuring of the Spanish financial system.
This could undermine Greek efforts to maintain the confidence of financial markets and avoid a forced restructuring of its debt.
ECONOMIST: A tense mood in Greece ahead of high-stakes local elections
The international creditors, led by the IMF, were seeking a fundamental restructuring of the outsized financial system, which is worth up to eight times the country's gross domestic product of about 18 billion euros.
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