MIDDLE EAST Some of the world’s biggest banks have joined disgruntled bondholders in organising their response to Dubai World’s request for a restructuring of $26bn in debts.
One group of bank creditors – HSBC, Standard Chartered, Royal Bank of Scotland, Lloyds and local banks – have formed a steering committee, according to a person familiar with the matter, and are expecting to meet Dubai World representatives on Sunday or Monday.
