Banks and financial institutions that had committed $125 million to saving the Irish financial firm Structured Credit Company (SCC) are now ‘‘reconsidering and reassessing’’ their position.
The move leaves the future of the Dublin firm hanging in the balance, according to reliable sources. SCC went into examinership in late August with liabilities of $440 million, but told the courts that its existing backers had agreed to invest $125 million to rescue the business.
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