Funds Hub

Morning Line-Up: Toscafund, Wellcome Trust, Islamic finance

News and views on the fund industry from Reuters and elsewhere:

US Senate close to new anti-bail-out deal - Reuters 

Gulf banks eye Islamic finance conversion – Reuters

Toscafund seeks 500 mln stg for UK residential mortgage - FT

 Wellcome Trust drops RBS branch acquisition plans - Telegraph

The morgue after Christmas

Around this Christmastide banks will begin to take a strict approach to companies running out of money, according to Simon Davies, managing director of The Blackstone Group.  

 

 

He said at the Reuters Restructuring Summit in London that by the end of the year banks will issue “in patient”, “out patient” or “morgue” judgements as they go about the business to decide who gets much needed loans and who does not.