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Monday, November 13, 2017

Noble Group loses DBS banking support.

https://www.bloomberg.com/news/articles/2017-11-13/noble-group-is-said-to-lose-key-bank-support-as-dbs-cuts-lending

This is really bad news for Noble.  If more banks pull back their credit facilities, Noble will go bankrupt.

2 comments:

Eric Ho said...

https://sg.finance.yahoo.com/news/noble-group-says-jeffrey-frase-resigns-co-ceo-101123800--finance.html

Another top management personnel left Noble after DBS bank cut its support.

Eric Ho said...

Once the first bank starts to bail out of Noble, it will cause a domino effect for other banks to follow.

Noble's future is very bleak!