Friday, May 01, 2009
Does anyone know which bank in scotland and england were stupid enough to bail out this casino group
Las vegas sun: The rescue of CityCenter
Eight banks, five different time zones, three languages and, later, $1.8 billion in financing
*******I wonder how much of out taxpayers money ended up in this insane scheme in vegas***********
Posted by mark @ 01:08 PM (371 views) Add Comment
1 Comment
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1. Fallingbuzzard said...
Well, Royal Bank of Scotland are in there for a juicy sum - that's Scotland. Bank of America was leading the negotiations. UBS, BNP Paribas and Sumitomo Mitsui are other lead lenders. There's also loands from Deutsche Bank, Morgan Stanley, and the Bank of Nova Scotia. So who knows who the England bank is - maybe its DB. I reckon RBS would be on the hook for about $250m in total. Not nice if the project turns sour.