Business

Bed Bath & Beyond says banks have cut credit lines


Bed Bath & Beyond Inc. said it had no money to repay the banks after they determined that the retailer had defaulted on its line of credit.

The household chain said on Thursday it received a default notice from JPMorgan Chase & Co. on Wednesday. Banks are calling for immediate payment of all outstanding loans under credit contracts.

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button