Thursday, April 06, 2006 

TimesOnline: HSBC to put aside $1bn to buy debt of failed ventures HSBC plans to boost its distressed debt funds by $1 billion (£570 million), joining the growing ranks of banks and venture capitalists seeking to take advantage of companies in financial difficulty. The UK’s biggest bank said that it already had about $150 million invested in distressed assets, but believed there was a real opportunity to grow the business over the next 12 to 18 months as companies overloaded with debt ran into trouble.
posted by Johnny  @ 8:35 AM 0 comments


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