The last of the complex debt funds at the heart of the credit crisis has collapsed and is to appoint receivers, ending a 25-year project to create a “shadow banking” industry.
The collapse follows the cutting of a funding line by JP Morgan.
Sigma collapse marks end of SIV era
By Paul J Davies and Anousha Sakoui in London
Published: October 1 2008 23:09 | Last updated: October 1 2008 23:09
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