By Simon Kennedy
LONDON (MarketWatch) -- U.K. banks HSBC Holdings (UK:HSBA 695.50, +0.70, +0.10%) (HBC 57.12, -1.54, -2.63%) , Standard Chartered (UK:STAN 1,438, -0.50, -0.03%) , Lloyds Banking Group (UK:LLOY 54.20, +0.43, +0.80%) (LYG 5.07, -0.04, -0.78%) and Royal Bank of Scotland (UK:RBS 30.62, +0.14, +0.47%) (RBS 9.98, -0.85, -7.85%) have agreed to reschedule Dubai World's debt, Zawya Dow Jones reported Wednesday, citing a report in Dubai's Al Bayan newspaper. The four banks have asked for more information from Dubai World about interest on the planned delayed payments and will hold a meeting later this month as they await a response, the report said. It added that Dubai World is seeking to restructure around $26 billion of debt. |
