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For Noble, banks' pullout marks deepening crisis

Noble Group Ltd’s stock sell-off deepened as the trader pressed on with an effort to restructure its debt burden amid concerns it will default and, separately, transferred a block of shares to employees who are leaving the company as it disposes of North American energy assets.

NEARLY three years after it was first attacked by Iceberg Research, Noble Group may now be seeing the beginning of the end. The group has lost a key banker after DBS Group sold off its US$60 million in the distressed commodity trader's US$1.1 billion revolving credit facility (RCF) due in May...

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