IndiaNewsWatch · @indianewswatch
81 followers · 513 posts · Server kolektiva.social
Citigroup wealth unit halts margin loans on Adani Securities
The US lender’s move to restrict lending comes after a similar change at Credit Suisse Group AG, as Adani’s beleaguered empire becomes further engulfed in crisis.
#adani #AdaniGroup #AdaniSecurities #citigroup #MarginLoans #GautamAdani #CreditSuisse #wealth #billionaires #CorporateFraud #business #stocks #india
#adani #adanigroup #adanisecurities #Citigroup #marginloans #gautamadani #creditsuisse #wealth #billionaires #corporatefraud #business #stocks #india
aLFRe · @aLFRe
9 followers · 432 posts · Server mastodon.social
http://bit.ly/3DU2EBp
A #MarginLoan lets u to borrow against securities u own -collateral-
Value assigned to collateral is set by lender
It was leaked that Wealth Unit of #CreditSuisse has halted #MarginLoans on #Adani Debt.
#AdaniPorts notes were valued at 75% as collateral but now they have turned them into zero value as bonds of #AdaniGreenEnergy and Adani Electricity #Mumbai Ltd. too
#marginloan #creditsuisse #marginloans #adani #AdaniPorts #AdaniGreenEnergy #mumbai