Slogger The reports in the papers suggest that BBY got into...

Slogger

The reports in the papers suggest that BBY got into capital adequacy problems because of a client who traded in derivatives, made losses and defaulted leaving losses to be picked up by BBY in excess of the collateral held and it might have needed not only the further capital but also a change of system for monitoring client exposures and collateral and possibly also management. It could have been a one-off or there could be a can of worms. But that was on the derivatives side and it doesn't mean that BBY could not have sourced new capital for its corporate clients.

Sabre will have to find a good broker/adviser over the next 6 months.