PRESS DIGEST- Financial Times - March 11

PRESS DIGEST- Financial Times - March 11

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

BoE tightens bank liquidity buffers before Brexit https://on.ft.com/2EJYAE4 Debenhams eyes larger refinancing to fend off Mike Ashley https://on.ft.com/2TulDgn

Interserve's banks line up pre-pack administration https://on.ft.com/2ENXsPR Overview

The Bank of England has told some British lenders to triple the amount of easy-to-sell assets they hold, to be able to withstand severe stress in case of a no-deal Brexit later this month. UK retailer Debenhams Plc may increase the size of its refinancing to "fend off" attempts by Mike Ashley and his company Sports Direct to control the retailer and dismiss all but one director.

Banks for Interserve have lined up a pre-pack administration that will wipe out existing shareholders but will help the company avoid collapse, if investors reject Interserve's debt-for-equity swap at a vote on Friday. (Compiled by Bengaluru newsroom; Editing by Daniel Wallis)

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