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Kuwait's troubled Investment Dar has reached a standstill agreement with its debtors to suspend claims as the top Islamic firm agreed to a restructuring plan, a statement said yesterday. The deal was reached after talks with a coordinating committee representing...
Tags: Kuwaiti, Aston Martin, Investment Dar, standstill agreement, Kuwait, Jalīb aš-Šuyūẖ
Wells Fargo and Citigroup have been battling over the bank since Wells Fargo announced an offer Friday that bested Citigroup's proposal a week ago. As part of their agreement on Monday to suspend all litigation, effective immediately, the three banks...
Tags: Wachovia Corp., Wells Fargo & Co., Wells Fargo Continue, Citigroup Inc., Federal Reserve Board, litigation activity, formal litigation, working feverishly, Lilly, standstill agreement