Nov
25
Will Banks Fly In To Save Thomas Cook? – External
Posted by: connorwilson | November 25, 2011 | Leave a Comment
In this Blog posting, I will be commenting on the blog of Nils Pratley and his comments towards Thomas Cook.
The link can be found here: http://www.guardian.co.uk/business/blog/2011/nov/25/thomas-cook-debt-shares-banks
This blog speaking about the British Airline Thomas Cook, I took as being very informative in terms of a procedural point of view. It was brought to my attention in this article that bank loans and company recovereries are most often identified by the banks rather than asking for a loan by the company. In the article it states that ” the expectation is that the banks will do something soon – maybe later today”, this line shows how Banks are already involved before the company has even come to them after dropping a tremendous amount of points on the market.
This article also expands my knowledge on how even Prime Ministers can step in to save nationally recognized companies such as Thomas Cook in the United Kingdom. This power by both the banks and the Government party show the extensive length a major company has in to many roots of its society and organizations and even governing body.
A national company is not one whom represents your nation, but also is supported to do it along the way.