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Counting on a recovery, banks often lent more to distressed borrowers or tucked problem loans out of sight in subsidiaries.
Enron filed for bankruptcy in 2001 after it hid losses in subsidiaries with the aid of accountants from Arthur Andersen.
Then came top management jobs in subsidiaries in the United States, the largest health care market in the world.
A Senate proposal calls for Wall Street firms to wall off their derivatives businesses and place them in subsidiaries requiring substantially more capital.
Vedanta Resources fell 148p to £15.99 as it launched a $1.25bn convertible bond to help finance possible acquisitions and to increase its stakes in subsidiaries.
During the 1980s and 90s Stokes took a number of board seats, some involving cars in subsidiaries of the Lonrho group, others in local radio.
Similar(28)
The company also announced a non-cash impairment charge of £700m, against the value of investments in subsidiary companies.
Automobile production generates a substantial number of direct jobs as well as employment in subsidiary industries, such as the major tire manufacturer Michelin.
These nonauto businesses are housed in subsidiary units, some of them listed.
Their velocities relative to the North America and Pacific plates are given in subsidiary documentation to Bird and Rosenstock (1984).
Last month, the Japanese financial giant agreed to buy the remaining shares it didn't own in subsidiary UnionBanCal.
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