"We knew they were in financial difficulties but we didn't know how bad it was, " he said.
Iceland got in financial difficulties after it took over its three biggest banks: Landsbanki, Kaupthing and Glitnir.
He also seems to have had worries about his father's health, and to have been in financial difficulties.
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The country has been in financial difficulties since the collapse of the Greek economy, where Cypriot banks had huge investments.
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On a number of occasions, Gaydamak and Storrie moved to refute speculation that Portsmouth were in financial difficulties, but their denials were unconvincing.
Imelda Richardson, Chief Inspector of Care and Social Services Inspectorate Wales, told the committee about the indicators her team look for to show that a private provider may be in financial difficulties.
In the late 1950s, with racism still prevalent in many American neighborhoods, an Irish-American couple in financial difficulties accepts money to purchase a large home in an all-white Boston suburb on secret behalf of a well-off, highly educated African-American doctor and his wife.
But that may require the International Monetary Fund - which operates programmes of short-term loans to aid countries in immediate financial difficulties - to change some of the conditions of its lending, which have in the past endorsed financial orthodoxy.
He is believed to have been in serious financial difficulties after running up huge legal fees in recent years, including what was reportedly Britain's biggest-ever divorce settlement and a losing lawsuit against a former friend and ally, Chelsea football club owner Roman Abramovich.
Some blue-chip directors are in severe financial difficulties after pledging shares to back borrowings.
With several NHS Trusts in severe financial difficulties, the Public Accounts Committee (at 3.15pm) has a session on NHS Trust financial resilience.
The research also found landlords were feeling the strain - with 41% saying they sometimes struggled or were in constant financial difficulties.
Second, many of the companies and individuals desperate to borrow are those in some financial difficulties, so the banks don't actually want to lend to them.
Representative JEFF MILLER (Republican, Florida): In my opinion, a lot of it is very similar to what may have gotten some people in the financial difficulties where you try to borrow your way to prosperity.
Corporate treasurers fear bank credit will dry up if banks continue to be mired in their own financial difficulties.
And the reduced travel costs are a huge bonus given tight economic times in general and financial difficulties facing both schools.
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More than 20 trusts also claimed they may run into financial difficulties in the coming year.
The U's sold their Abbey Stadium home after entering financial difficulties in 2004.
It suspended operations in 2001 because of financial difficulties but recently re-opened.
The chaebol ran into financial difficulties in the mid-1990s and was broken up into three companies in 2001: Hyundai Group, Hyundai Heavy Industries and Hyundai Motor.
The chaebol ran into financial difficulties in the mid-1990s during the Asian financial crisis and it was broken up into three companies in 2001: Hyundai Group, Hyundai Heavy Industries and Hyundai Motor.
Anas claims credit for nursing Padang out of financial difficulties in the 1970s, and urges Jakarta to give the cement industry the opportunity to save itself - without handing it over to foreigners.
During the financial crisis, the credit default swap (CDS) market, a part of the OTC derivatives market, took center stage as difficulties in financial markets began to intensify and the counterparty risk involved in a largely bilaterally cleared market became apparent.
In one example, the report cited the case of the foundation trust in Bradford which got into financial difficulties.
However, other factors, including a broader retrenchment in the willingness of investors to bear risk, difficulties in valuing complex or illiquid financial products, uncertainties about the exposures of major financial institutions to credit losses, and concerns about the weaker outlook for the economy, have also roiled the financial markets in recent months.
However, as we proceed in that direction, we would be wise to maintain a realistic appreciation of the difficulties of comprehensive oversight in a financial system as large, diverse, and globalized as ours.
Iridium, which allows subscribers to make a phone call and data connection anywhere in the world, began operating in 1998 but soon ran into financial difficulties.
The first way that schools experience financial difficulties with Bowls is in having to live up to ticket guarantees.
The Candystripes face Skonto FC in a Europa League first leg in Latvia on Thursday amid reports of financial difficulties at the Derry outfit.
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