The threat of big losses for Royal Bank of Scotland <RBS.L> and other banks may help subprime lender Cattles <CTT.L> steer clear of administration as restructuring talks drag on ...

Cattles said today: “Cattles has been informed by the advisers to the steering committees of the bondholder creditors of Cattles (which Cattles understands hold approximately one third of the ...

Cattles recently admitted making misleading and false statements prior to its collapse, including in the prospectus to its 200m rights issue in 2008 – which could open it up to legal challenges.