Detroit reaches new settlement with banks – Washington Post
Economic Times |
Detroit reaches new settlement with banks
Washington Post BANKRUPTCY. Detroit, banks reach new settlement. Detroit reached a new settlement in a bid to end interest-rate swap contracts with UBS and Bank of America, cutting the termination amount to about $ 165 million from $ 230 million. The settlement was … Detroit's New Swaps Deal Cuts Bank Payment to $ 165 Million Detroit Wins $ 55 Million in Concessions From 2 Banks Detroit's Swaps Deal Cuts Bank Payment to $ 165 Million |
