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bkkandrew · 07-03-2008, 06:19 PM

Carlyle Capital Suspended; Lenders Force Asset Sales (Update2)

See:

Bloomberg.com: Worldwide

March 7 (Bloomberg) -- Carlyle Group's mortgage-bond fund was suspended in Amsterdam trading after creditors forced the sale of some holdings, jeopardizing shareholders' capital.
Lenders who issued default notices have liquidated some residential mortgage-backed securities held by the fund and may sell more as talks continue, Carlyle Capital Corp. said in a statement today. The fund had ``substantial'' margin calls and additional default notices from lenders yesterday, it said.

<snip>

Emma Thorpe, a spokeswoman for Carlyle in London, didn't immediately return calls for comment.

<snip>

I bet she didn't. After all, she may be worried about whether her salary cheque will bounce!

07-03-2008, 06:19 PM	#36 (permalink)
bkkandrew Clingin' on... Join Date: Oct 2007 Location: BKK Posts: 4,757	Carlyle Capital Suspended; Lenders Force Asset Sales (Update2) See: Bloomberg.com: Worldwide March 7 (Bloomberg) -- Carlyle Group's mortgage-bond fund was suspended in Amsterdam trading after creditors forced the sale of some holdings, jeopardizing shareholders' capital. Lenders who issued default notices have liquidated some residential mortgage-backed securities held by the fund and may sell more as talks continue, Carlyle Capital Corp. said in a statement today. The fund had ``substantial'' margin calls and additional default notices from lenders yesterday, it said. <snip> Emma Thorpe, a spokeswoman for Carlyle in London, didn't immediately return calls for comment. <snip> I bet she didn't. After all, she may be worried about whether her salary cheque will bounce! __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.