(Bloomberg) — In today’s plunging markets, borrowing against stock is proving expensive.India’s Gautam Adani and his family put up an additional $1.4 billion of shares as collateral on existing debt this month, according to a Bloomberg analysis of regulatory filings through Thursday for four of his group’s companies.In China, shareholders of at least 14 firms were asked in March to supply additional shares for collateral based on a review of filings.In Europe, UBS Group AG and Credit Suisse Group AG asked clients to post additional collateral, and money managers in New York are readying term sheets for ultra-rich Americans to …read more
Source:: Yahoo Finance
