Carlyle collapse

[dinny]

Very worrying Carlyle

Um...thanks, Cote

(So, for future ref, in the City leverage & gearing both mean borrowing?)

Basically, yes.

"Leverage" is used in the corporate context (= a company borrowing money) in general, whereas "gearing" is in an invesment context (= the ratio of debt to investor's own cash in total investment).

chaos this morning everywhere

give us a precis, NH

I still don't understand - what does this mean?

Can anyone explain in words of one syllable, please?