Tetragon is hit by credit crunch
Article Abstract:
Tetragon Financial Group Ltd., a listed fund run by UK group Polygon Investment Partners, will write off $68 mil of its assets that are connected to mortgage-backed securities, as subprime lending continues to negatively impact the credit market. The write-off represents 5.3% of Tetragon's net assets and 4.5% of its portfolio.
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:
Standard Chartered rescues SIV: Whistlejacket vehicle put on balance sheet; following Citi, HSBC
Article Abstract:
UK bank Standard Chartered PLC will take Whistlejacket Capital Ltd., a structured investment vehicle, onto its balance sheet. Whistlejacket currently has outstanding senior debt totaling $7.15 bil. Standard Chartered has decreased the vehicle's size from its August 2007 level of $18.2 bil by selling off assets.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
User Contributions:
Comment about this article or add new information about this topic:
Turkish sovereign rating rises amid continued drop in debt
Article Abstract:
Turkey's long-term sovereign debt rating has been lowered by Standard and Poor's. The country's rating was dropped to single-B from single-B-minus.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The media man in the Cambodian sun. War of words; power-sharing issues plague fragile coalition. Alphabet soup, Cambodian style
- Abstracts: WestLB may shed risk: German bank wants to take $29.3 billion off its balance sheet. In German vote, onetime outsider offers big changes
- Abstracts: Cod plan review. Iceland's minister cuts back on cod. No ban - but huge cod cuts on way - EU commissioner Fischler
- Abstracts: Mittal raises bar for China growth. Lanxess expands in China; Bayer spinoff moves facility from Texas to follow demand
- Abstracts: China blocks News Corp. plan for TV Channel. China to tackle gap between rich, poor