Fri 11 Nov 2007Foreign banks may come to the rescue of ISTCA group of international banks including US group Goldman Sachs
may step in to rescue International Securities Trading Corporation
(ISTC), the Dublin-based finance house facing collapse with debts
of €871 million.
Simon Carswelland
Mary Carolanreport.ISTC yesterday sought the protection of the courts to avoid
bankruptcy after a demand for repayment of a €176,250 debt by
a German bank threatened to bring it down.