ABSTRACT
The timing for the capital injection was critical, just ahead of Songbird's interim results for 2009, at which point it would need to officially disclose it was in danger of breaching a £880 million loan from Citigroup. With this bailout, the world-famous business district narrowly missed going into administration for the second time in its 22-year history. United States investors brought an attitude that propelled the industry into a new league, showing them that piecemeal investing could make way for much bigger and more creative deals. The impact would reach everyone as the fallout of Europe's adoption and adaption of the ideas flowed through to workouts for commercial mortgage-backed securities, the listed market and the funds industry. With a lethal combination of deteriorating share performance and falls in property values, the public scrutiny of the markets only increased the pressure on companies to address their short-term debt problems.
