WSJ writes "Standard Chartered Offers Two Plans to Bail Out SIV"

Feb 15 08

WSJ writes "Standard Chartered Offers Two Plans to Bail Out SIV". "Standard Chartered PLC said it submitted two proposals to rescue its $7.15 billion Whistlejacket structured investment vehicle from receivership, in an effort to protect the interests of clients who invested in the vehicle's debt," says the Journal. It adds, "Meanwhile, HSBC Holdings PLC on Thursday said investors in its $26 billion Cullinan SIV agreed to a restructuring plan that could serve as a framework for managers of other troubled SIVs."

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