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...The holders of the new debt tranche created in 2020 are now set to take control of the reorganised Serta with the deprived group only to get a modest recovery....
...“I think it is completely and totally irrelevant,” said Eric Winograd, director of developed market economic research at AllianceBernstein, the asset manager....
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...“This could be the end of that market for the foreseeable future,” said Jim Leaviss, chief investment officer of public fixed income at M&G....
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...When you’re a state-backstopped nation of bankers that’s down to its last G-Sib, there’s not much point in mucking around with the definitions of regulatory capital, he says: [E]ven under the existing rules...
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