RAHIM YAR KHAN/WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with His …
Read More »GE’s credit line to pose a $41bn problem for banks
Bloomberg When it comes to US banks’ lending risk, it doesn’t get much bigger than General Electric Co. The five biggest Wall Street firms have committed to lending at least $3.5 billion each to the industrial giant facing concerns about the sustainability of its debt. GE has almost $41 billion in credit lines it can draw from, according to its …
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