Barclays, Fidera Seek Payout From Bankrupt UAE Remittances Firm
Barclays Plc and London-based hedge fund Fidera Ltd are among dozens of creditors seeking to recover money they say they’re owed by Dubai’s United Arab Emirates Exchange Center LLC — a collapsed remittance provider with an estimated $1 billion hole in its balance sheet.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.