There's an article about Greybull and Monarch - much of it similiar to what the FT wrote. There's a slightly cryptic comment in the article about administrators at PwC being ready to step if Greybull (or somebody else) declines to take over Monarch.
Can someone perhaps reassure as to what 'administrators' means in this case ? I have an idea and I'm hoping it's not the type of administration I'm thinking of.
http://www.thisismoney.co.uk/money/m...ment-firm.html