Hedge Fund News From HedgeCo.Net

Hedge funds circle troubled Co-op bank

The Independent – Retail and hedge fund holders of Co-operative Bank’s £1.3 billion of bonds have forced it to change its recapitalisation plan, potentially wresting control from the parent Co-op Group.

This is a major climbdown by the group’s new chief executive Euan Sutherland and the bank’s new chief executive Niall Booker.

Read Complete Article

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply