After a Loudoun blog revealed the embezzlement investigation, Chapman issued a news release saying the thefts were uncovered "immediately after Sheriff Chapman restructured units within the Criminal Investigations and Patrol Divisions," which he had announced Oct. 11.
The Financial Conduct Authority's report into the scandal at Royal Bank of Scotland's restructuring unit was an awfully long time coming.
Lazard's numbers, for example, include its restructuring unit, whose deals aren't usually included in industry league tables.
The only weak spot was in the restructuring unit, which advises clients on bankruptcies and corporate turnarounds.
The Central Bank has been in contact with the UK's Financial Conduct Authority in relation to Ulster Bank's controversial business restructuring unit.
For three years his indebted company had been in Barclay's business support restructuring unit, paying almost £1m in additional fees to the bank.
The City regulator's shambolic handling of its investigation into Royal Bank of Scotland's restructuring unit took an anarchic twist last night as the confidential report was leaked online.
Much of the gain was driven by the firm's fund placement business, Park Hill, while business at Blackstone's restructuring unit continued to taper off as the economy improved.
It has managed to reduce €35 billion of German and international assets parked in an "institutional restructuring unit" to around €11 billion; €8 billion of German loans have been sold or cancelled.Lone Star, which bought around €6.8 billion of German loans recently, some from Dresdner, is now seeking a German bank.
WALL STREET JOURNAL Lloyds and R.B.S. Work Through Bad Loans | The restructuring unit of the Lloyds Banking Group still holds about 14,000 loans with a face value of £67 billion ($106 billion), while the Royal Bank of Scotland holds impaired loans of about £40.8 billion, The Financial Times reports.
