Magazine

Table: Getting Tough


Here's what European banks did when ailing corporate borrowers came calling

FIAT

Forced an agreement to exit the auto business in three years. If debt isn't paid, banks get effective control of the Italian group.

VIVENDI

Refused on June 28 to extend fresh loans to CEO Jean-Marie Messier, leading to his dismissal at the French media group.

KIRCH

Cut off lending in March to the German media group, forcing it into bankruptcy.

BABCOCK BORSIG

Declined on July 8 to back a proposed $800 million bailout of the bankrupt German heavy-machinery maker.

PHILIPP HOLZMANN

Rebuffed efforts in March to engineer a second bailout of the German construction giant.


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