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Golden Key appoints receiver, says capital will get nothing

Golden Key, a SIV-Lite that defaulted in August, has appointed Deloitte as a receiver and said there was “no prospect” of capital note investors getting any money back. Investors in the vehicle will hope Deloitte can restructure it and resolve a long-running dispute with Barclays, which arranged the programme, about a liquidity line. Read EuroWeek to find out the latest chapter in the SIV-Lite saga.

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