Saturday, January 12, 2008

Paragon to go into deep freeze

Paragon launches emergency rights issue

Looks like Paragon to be frozen so it can be thawed out some time in the future when credit conditions improve.

Posted by ash4781 @ 05:06 PM (499 views)
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One thought on “Paragon to go into deep freeze

  • Paragon are needing to make write offs.

    The banks write offs so far are:

    UBS $13.7 bln
    Citigroup *$13.7 bln
    Morgan Stanley $10.3 bln
    Merrill Lynch $8.4 bln
    HSBC $3.4 bln
    Bank of America *$3.3 bln
    Deutsche Bank $3.1 bln
    Barclays $2.7 bln
    Royal Bank of Scotland $2.6 bln
    Credit Agricole $2.3 bln
    Bear Stearns $1.9 bln
    Credit Suisse $1.9 bln
    JP Morgan Chase $1.6 bln
    Goldman Sachs $1.5 bln
    Wachovia Bank $1.1 bln
    Lehman Bros. $0.8 bln

    Total: $72.3 bln
    * est Q4 (figures from Marketwatch).

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