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Private Equity Investors Circle Collapsed Carillion

Private equity groups and distressed buyout firms are circling collapsed British construction company Carillion to cherry-pick assets from one of the UK’s most politically sensitive corporate failures, the Financial Times reported. The interest from ...

Daily Headline - global.abi.org - 01/21/2018 - 18:51 - 0 comments

UK Banks Bear the Brunt of Carillion's Collapse

Five UK banks are facing heavy losses on loans to Carillion, after irreconcilable differences between the company, its lenders and the government pushed the UK construction and services group into liquidation on Monday, sources said. Royal Bank of Scotla ...

Daily Headline - global.abi.org - 01/18/2018 - 23:19 - 0 comments

'Just Hit Budget!' Bankers at RBS Restructuring Unit Told During Crisis

Royal Bank of Scotland staff helping small firms to restructure debt during the financial crisis were given a list of ways to squeeze more money from struggling clients and told to "Just Hit Budget!", a memo released on Wednesday showed. The re ...

Daily Headline - global.abi.org - 01/17/2018 - 22:54 - 0 comments

Collapsed Carillion's Dividends Totalled $1 Billion

Collapsed British firm Carillion, which has come under political fire for paying dividends while racking up big debts and a pension deficit, has handed more than $1 billion to shareholders since it was created 19 years ago, a Reuters analysis shows. The ...

Daily Headline - global.abi.org - 01/16/2018 - 21:48 - 0 comments

Carillion Collapse Hits Banks And Investors, Boosts Short Sellers

Leading British lenders including Barclays, the Royal Bank of Scotland and Lloyds Banking Group face the prospect of hundreds of millions of pounds in outstanding loans going unpaid from Carillion’s collapse on Monday, Reuters reported. Along with 10 oth ...

Daily Headline - global.abi.org - 01/16/2018 - 09:08 - 0 comments

Mid-Sized Businesses Fear Brexit Fallout

of 0 to 200. However, they are more confident about the long-term prospects, with sentiment towards ...

Daily Headline - global.abi.org - 01/16/2018 - 09:10 - 0 comments

Carillion Shares Fall as Market Awaits News on Financing Deal

Shares in debt-laden British building and services company Carillion Plc sank 15 percent on Thursday in the absence of news on a deal needed to shore up its finances, Reuters reported. Many observers have warned that the 200-year old company, responsible ...

Daily Headline - global.abi.org - 01/11/2018 - 23:13 - 0 comments

German Regulator Makes Flexible Pitch to Lure Banks After Brexit

Brexit is a once-in-a-lifetime opportunity for Frankfurt to try to lure global banks away from London — but do not expect Germany’s main financial regulator to be part of a heavy sales pitch. “We are not a marketing agency and not interested in doing ind ...

Daily Headline - global.abi.org - 01/09/2018 - 23:30 - 0 comments

Gloomy Growth Projections Cloud Hopes for UK Economy

The UK will remain a relative laggard among developed countries this year as the after-effects of the Brexit referendum mean the economy will only enjoy limited benefits from a global upswing in growth, economists said in the FT’s annual survey of the pr ...

Daily Headline - global.abi.org - 01/01/2018 - 23:03 - 0 comments

Global Equity Issuance Up from 2016 Slump, Bankers See Further Increase in 2018

Global equity raising rose by almost a fifth in 2017 and bankers expect issuance to increase further in 2018 as the improving global economy and buoyant stock markets drive larger flotations and rights issues to finance acquisitions, Reuters reported. Co ...

Daily Headline - abi_admin - 12/28/2017 - 21:58 - 0 comments

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