Cityscape Financial Corp. said yesterday that it would take about $200 million in writedowns for the fourth quarter of 1997.
The hit is larger than some analysts expected, and it may drive the company to insolvency, some said.
Limited Time Offer
Save $400 off your subscription. Special offer ends April 30, 2017.
14-Day Free Trial
No credit card required. Complete access to articles, breaking news and industry data.
Have an account? Sign In