We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Not out of the woods yet

31 August 2007 By Simon Nixon

By persuading junior noteholders to bear the credit risk, Barclays has managed to rescue the Cairn vehicle at minimal cost to itself. But it isn t out of the woods yet. No one knows what marktomarket exposures it may be hiding. And like other banks, it s keeping schtum.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)