HBOS, Lloyds TSB, RBS, HSBC anad National Australia Bank are preparing to take over John Duffield's troubled hedge fund manager New Star Asset Management, The Times reports. New Star, which has 240 million of net debt, is negotiating a debt
HBOS, Lloyds TSB, RBS, HSBC anad National Australia Bank are preparing to take over John Duffield’s troubled hedge fund manager New Star Asset Management, The Times reports.
New Star, which has 240 million of net debt, is negotiating a debt for equity swap with the banks. A request for a suspension of trading in its shares was rejected.
« Latin America Will Manage To Survive Economic Downturn Due To Its Bitter Experience Of Overcapitalisation