News
Guardian Trust taking over Compass Capital
Thursday 12th of July 2007
Bridgecorp established Compass in May last year to buy loans from the rest of the group using funds raised by selling bonds to the public without the taint of using its own name.
Effectively, the idea was that Bridgecorp would sell Compass as many of its better quality loans as it could, thus providing Bridgecorp with liquidity. The by-product of that was that every loan sold to Compass meant...
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