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Crisis-hit Cattles still in deadlock on debt
9 Jul 2009Cattles, the crisis-struck subprime lender, has failed to reach an agreement with its banks on a £500 million loan which expires today.
It remains locked in talks with its lenders, led by Royal Bank of Scotland, to obtain a standstill agreement on its debts. Cattles is expected to collapse into administration if no resolution is forthcoming.
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Rip off subprime lender now majority owned by the tax payer via RBS. Whatever next.
- Dan, lincs, 09/07/2009 15:38
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