Morgan Stanley may hand over ANA hotels
Morgan Stanley may have to give up its $2.4 billion portfolio asset of Japan's ANA Hotel chain to creditors, if as expected, the firm fails to repay debts due in April this year.
The main lenders to the Japanese hotel group, including Citigroup Inc. and local lender Shinsei Bank, are reportedly putting pressure on the US firm to increase their equity in the property, to give the...
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