Toshiba to meet banks on Tuesday

• Toshiba (OTCPK:TOSYY) plans to meet with creditor banks on Tuesday to explain how it's addressing a massive charge the Japanese conglomerate said it must take on its U.S. nuclear business.
• Syndicated loans could be endangered because credit-ratings downgrades put Toshiba in violation of loan covenants, three bankers told Reuters, adding that it was routine for them to grant a waiver in such a case to avoid a funding crisis.