Articles About UBS AG

Author:
Tom Silva
Posted:
06.16.2010

Dubai World Building Boom Leaves It Owing Billions to Banks

State-owned holding company Dubai World is in talks to renegotiate $26 billion of debt and asking its banks for approval to defer loan payments.  The banks are hoping to avoid a haircut – taking less money than they are owed.  Dubai’s government also might provide a guarantee to the banks that are owned money.  Dubai […]

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