Hints and tips:
...The fund stepped in to bail out Melvin Capital, one of the biggest hedge funds betting against GameStop....
...The increasingly obvious fact is we do not know whether the government will be able to perpetually bail out markets....
...Apollo would’ve only dreamt that it had such an ace up its sleeve a decade ago....
...Carlos Abadi is managing director of DecisionBoundaries, LLC, a New York-based international financial advisory firm....
...With a main interest rate of 6.75 per cent and inflation of about 4.5 per cent, South Africa is far from the spiral of falling prices that prompted bond-buying in other countries....
...In the end, the debtholders held all the aces, although the private equity firms will be allowed to keep a piece of the action....
...It would also help to design products that give an incentive not to bail out at the wrong moment....
...This is a legacy of former Bear chief executive Alan “Ace” Greenberg’s requirement that top managers of the bank donate a portion of their earnings to charitable causes....
...Last autumn, one of the four bad banks, Huarong, unexpectedly stepped in to bail out a high-yield investment product, called “Credit Equals Gold #1”....
...Mr Roy is selling his hotels to meet a Rs100bn ($1.7bn) bail charge, as part of a battle with Indian regulators over the 2008 issuance of $4bn worth of bonds to Indian retail investors, many of them impoverished...
...(NYT) S&P warns of higher risk in bank bail-in bonds: The “bail-in” bonds issued by banks to absorb losses in the case of financial difficulty are much riskier than first thought, Standard & Poor’s has...
...law (the EU bail-in directive, meanwhile, may come into force from 2015, 2016, or 2018 — take your pick)....
...In fact, Spanish covered bonds look cheap on both an outright basis and relative to senior in our view....
...(NYT) Bail-ins are no better than fool’s gold (Financial Times) ‘JR’ at Grangemouth (Financial Times) Bahrain: “moar tear gas, please” (Financial Times) Commodities traders face increased competition...
...Alpha and Piraeus have generally been seen as the most attractive bets after recapitalisation exercises earlier this year – dominated by bail-out money – still left 16 per cent and nearly 20 per cent respectively...
...The $20bn of maturities in question were used to bail out troubled conglomerate Dubai World during the emirate’s sovereign debt crisis of 2009....
...according to people familiar with the situation Nama and IBRC are responding to increased investor interest in Ireland, which is on course to become the first EU state to emerge from its international bail...
...It reminds us of Texas Competitive Electric Holdings Company LLC (TCEH) in 2011....
...Bankruptcy We discussed this at some length on Monday because it reminded us of Texas Competitive Electric Holdings Company LLC (TCEH) in 2011....
...If Glencore’s best days are behind it, then an ace trader like Mr Glasenberg would surely sense it. Sweetened terms, if they come, would reveal just how bad he thinks it might get....
...Honouring bond investors’ claims has helped restore Dubai’s creditworthiness and allowed its government-related enterprises (GREs) to return to the capital markets....
...As part of the deal, holders of Greek debt will receive two-year bonds issued by the European Financial Stability Facility, the eurozone bail-out fund, making up 15 per cent of the old par value....
...The US has also dodged a few bullets to date and constant fiscal and monetary interventions to bail out a severely over-levered system has so far allowed the S&P to just about move into positive total return...
...Now it is the term given to a different sensitivity – private sector involvement in the second bail-out for Greece....
...But Moody’s says the refinancing risk for Danish covered bonds may still be up due to the so-called “bail-in” rules introduced for failed banks last year by Denmark’s government....
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