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...UKAR has gradually been selling the assets of B&B and Northern Rock to the private sector....
...A trio of countries rated lower than Côte d’Ivoire’s BB-minus (three tiers below investment grade) — Bahrain, Benin and Kenya (all four or five tiers below IG) — have also issued debt....
...There is also access to both banks of the River Taf, for salmon and sea trout fishing....
...For a gestalt image, start with the Bank of America fund managers’ survey....
...Palazzo Passerini is a three-bedroom residence that can be booked on a B&B basis or bought out in exclusivity by a total of six guests....
...No mention of the B-word, then....
...These efforts, combined with International Bank for Reconstruction and Development’s recent release of sovereign default and recovery rate statistics, means that the World Bank Group will continue to support...
...as the largest US bank by almost every measure....
...These have picked up markedly in recent years, from a low of about 400,000 b/d in the pandemic year of 2020 to about 1.4mn b/d recently, according to Richard Bronze at Energy Aspects....
...Formed in 2019 by a tie-up between BB&T and SunTrust, Truist lost nearly $5bn in the quarter, down from a profit of $1.6bn in the same quarter the year before....
...The ratings group late on Friday upgraded Turkey’s rating to B-plus from B, leaving it lodged deep in speculative, or “junk”, territory....
...And yet Israel’s premier has instead given ever freer rein to the radicals in his government, according to Sarit Michaeli of the Jerusalem-based rights group B’Tselem....
...The last big merger between two banks occurred almost five years ago, when regional lender BB&T bought SunTrust for about $28bn in a $66bn deal, forming Truist....
...It is something to watch for as the European reporting season for banks kicks off in earnest next week....
...That’s what interests Sangheum Cho, of the World Bank’s Development Research Group, who’s been using ChatGPT to pick buy-sell portfolios after feeding it with fintwit....
...You can get a deal done for a double-B senior loan at a 300-350bp spread all day long. That market’s wide open....
...Deutsche Bank has hired Alexandre Lotfi as head of wealth management lending for the UK and central Europe at its private bank. He previously worked for the Bank of Singapore....
...Israeli human rights group B’Tselem says 620,000 Jewish settlers are living in East Jerusalem and the West Bank, which have been occupied by Israel since the six-day war in 1967....
...BBs have outperformed this year (they are ~80bp tighter ytd, see chart on the bottom right) but remain vulnerable to collateral deterioration....
...Nearest subway stop is Houston Street Station on the 1 line, but West 4th St (A, C, E, B, D and F lines) is just a short walk away. How much? $20 per person....
...Triple-B [the lowest rung of IG] spreads are at about 120bp, whereas double-B high-yield is at 200bp. So you pick up 80bp from going from triple-B to double-B....
...It should have been a relief last week when a report on the computer glitch that stranded thousands of August Bank Holiday air passengers declared it had been a “one in 15 million” event....
...The writer is chief economist at German bank LBBW and former chief ratings officer at S&P A debt crisis is ravaging what has been dubbed the “global south”....
...The bank said: “We will provide additional information when the offering is complete.” S&P gave the new UBS AT1 a BB rating, five notches below its A- credit rating on the bank....
...In 2022, the bank also advised on the £2.5bn sale of Premier League team Chelsea....
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