ISTC bailout group recouped €1 million in three months

The group that rescued Tiarnan O’Mahoney’s International Securities Trading Corporation (ISTC) following its collapse recouped a fifth of its €5 million cash outlay within just three months.

16th August, 2008

The group that rescued Tiarnan O’Mahoney’s International Securities Trading Corporation (ISTC) following its collapse recouped a fifth of its €5 million cash outlay within just three months.

London-based investment bank Collins Stewart said last week that ISTC, rebranded as Collins Stewart ISTC after the rescue deal, delivered operating profits of just under €1 million between March, when the deal was finalised, and June.

ISTC, which provides capital funding to banks, recorded...

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