TITLE

Hedge funds attack 'irresponsible' Co-operative Bank

AUTHOR(S)
Jackson, Gary
PUB. DATE
September 2013
SOURCE
Mortgage Strategy (Online Edition);9/3/2013, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that a group of U.S. hedge funds has criticized the Co-Operative Bank PLC for being irresponsible after a lack of engagement ahead of the bank's debt restructuring. It states that investment bank Moelis & Co., which acts as a consortium of bondholders including U.S. hedge funds Aurelius Capital Management and Silver Point Capital, attacked the bank following its plan to negotiate with bondholders once the terms of its £1 billion debt exchange had been completed.
ACCESSION #
90170328

 

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