Banks clamp down in bid to help make up margins

Banks are attempting to make up for lost margins by loading fees and penalties onto distressed businesses, according to property investment consultancy Farrelly & Mitchell.

Gillian Nelis

Managing Editor @gnelis
30th August, 2008

Banks are attempting to make up for lost margins by loading fees and penalties onto distressed businesses, according to property investment consultancy Farrelly & Mitchell.

The firm, which last week announced that it had negotiated a €1 million reduction in debt principal for a consortium of Irish investors in a commercial property in Germany, has noticed a significant increase in demand for its debt restructuring services.

‘‘Banks are trying to impose all sorts of arrangement...

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