Cerberus
latest news & developmentsUS automakers face onslaught in 2008
After years of crisis, the big three United States automakers face another brutal year with demand expected to dip again due to an economic downturn threatening to snuff out…
Virgin team picked for Northern Rock rescue
A consortium led by Richard Branson’s Virgin Group has been picked as the preferred bidder to rescue Northern Rock and plans to repay £11-billion (,6-billion) quickly to the Bank…
Northern Rock may still owe billions by 2010
Shareholders in ailing British bank Northern Rock could be left with nothing and the Bank of England could still be funding the lender in three years. A briefing memorandum sent…