Friday, July 24, 2015

Carlyle Capital margin calls soar past $400 million - MarketWatch

Carlyle Capital margin calls soar past $400 million - MarketWatch: " Carlyle Capital said Monday that margin calls from its lenders soared past $400 million, leading it to request a standstill agreement to prevent any further forced sales of its investments.

The highly leveraged mortgage-bond fund said certain lenders may have liquidated as much as $5 billion of its assets and added it's still in negotiations with the remaining lenders, who hold around $16 billion in securities. If a deal can't be reached, some of these lenders may sell their securities as well, it warned."

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