Tuesday 30 March 2010

Dubai World Rescheduling - HSBC Supports the Proposal


The National quotes Stuart Gulliver, HSBC's Chairman for the Middle East and Europe as saying that HSBC would sign the proposed debt restructuring.

He also said that each bank knew the conditions applicable to the restructuring loans. 

Perhaps, the banks who claimed to be in the dark are being represented by the same officers who made the original loans.

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