Carlyle Tries to Hold Off Lenders

LONDON (AP) -- Carlyle Capital Corp. Ltd is in talks with creditors to prevent the liquidation of some $16 billion in securities, the listed mortgage-bond fund said Monday.

Carlyle Capital shook financial markets last week after missing margin calls from banks on its $21.7 billion portfolio of residential mortgage-backed bonds. It said some $5 billion in securities held as collateral may have already been sold.