Bradford and Bingley to sell assets
Article Abstract:
UK financial services firm Bradford and Bingley PLC have made deals with Dexia Belgium and US commercial finance firm GE Real Estate for the sale of low-margin loan assets totaling 4.2 bil pounds sterling. Dexia has purchased social-housing loans valued at 2.2 bil pounds sterling, while GE has bought commercial property loans worth 2 bil pounds sterling.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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HSBC becomes first bank to bail out troubled SIVs
Article Abstract:
HSBC Holdings PLC bails out financially-troubled structured investment vehicles and plans an eventual absorption of the specialized investment funds' assets and losses. Article discusses trends within the capital lending markets and banks' efforts to manage under-performing investment funds.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
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