(AP) - NO DEAL: The Royal Bank of Scotland backed out of talks with Dubai Group, an investment company controlled by the emirate's ruler, to rework terms on $10 billion in debt.
DEBT LOAD: The latest impasse is a reminder of challenges still facing Dubai's state-linked companies. They and the government are estimated to carry more than $100 billion in debt.
THEY TRIED: RBS said it and other lenders presented a number of restructuring proposals that would have allowed Dubai Group to continue operating while meeting its obligations to its creditors.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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