Summary
HIGH Street banks have run up losses of more than Pounds 150m from the demise of fund manager New Star, it has been revealed.
The stricken group was sold to rival Henderson for Pounds 115m yesterday, crystallising chunky losses for creditors including Lloyds and Royal Bank of Scotland.See the full content of this document
Extract
Lenders Lose Pounds 150m in New Star Collapse [Edition 2]
Just Pounds 93m of the proceeds will go to its bankers, who seized control of New Star las...
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