Hints and tips:
Related Special Reports
...This month’s bond rally will have improved things, but here is a chart from Apollo’s latest US bank outlook showing the damage....
...“When they say Egypt is too big to fail, this is true.”...
...Public finances will also be hit by an end to the big dividends finance ministers were used to receiving from central banks....
...But at $1.5tn, the sector is certainly big enough to have a systemic effect....
...“The big question is whether they stay current on their [dollar] bonds now,” the trader said....
...Bail completely? Do nothing? For starters, I’ve forgotten what is even in this ETF. This matters because there is a big difference between the various Japanese indices....
...One could now argue that in such an event the Swiss government could bail-in Tier 2 bonds and even force, via a “Notgesetz”, a bail-in of plain vanilla senior unsecured bonds....
...Some are so desperate to bail out that they are accepting big discounts to reported values when selling. The change in circumstances is dramatic after decades of triumphalist money making....
...After being freed on a $250mn bond — one of the largest ever — and confined to his parents’ home in Palo Alto, California, the FTX founder soon began violating various bail conditions, much to the court’...
...At a court hearing in Manhattan on Thursday, Salame, who co-led the exchange’s main Bahamian entity FTX Digital Markets and became a big Republican political donor, admitted to conspiring to make unlawful...
...The bail was set at $250mn. US stocks had a horrible year and some investors are pivoting back to bonds. Plus, we’ll look at why 2022 was the year of the “I, alone, can fix it” CEO....
...Here’s why the bonds are among the best performers in global fixed income markets this year. 5....
...Mentioned in this podcast: FTX founder Sam Bankman-Fried to be released on $250mn bond Big investors warm to bonds after historic 2022 sell-off boosts yields US stocks sink after strong data support further...
...His last big project was helping to restructure and save Lufthansa in 2020....
...Groups like Apollo and Centerbridge made large profits during the 2008 crisis by buying such discounted bonds....
...“This bailout of taxpayer money today signals to businesses in the future that the Fed will bail them out tomorrow,” said Aaron Klein, of the Brookings Institution....
...Sam Bankman-Fried, co-founder of Binance’s biggest rival FTX, went to Zhao in November last year hoping the Binance chief would bail out his own exchange. Zhao declined, sealing FTX’s fate....
...But for an isolated or small operating-company failure, insurers may have another option, which is to say f**k it and bail....
...“This has been a big policy mistake, [and] they will regret it. [ . . . ] Switzerland will be the new pariah in this [loss-absorbing bond market]. They asked for it, they will have it.”...
...SVB put much of the money into longer-maturity bonds to generate a higher return....
...But yeah, I mean, the most interesting part of it were the government’s bail conditions....
...So they are unusually vulnerable to losses on their bond portfolios....
...KPMG is first Big Four firm to cut staff in US KPMG is cutting close to 2 per cent of its staff in the US after a sharp slowdown in its consulting business, becoming the first of the Big Four accountancy...
...The $250mn bond used to secure Sam Bankman-Fried’s bail late last year was described as the largest ever....
...Although the nuts and bolts of how LDI works are complex and opaque, the big picture is clear....
International Edition