Hints and tips:
...This is how these deals typically work: a sale of the riskiest part of loan books to specialist investors — mostly credit funds and asset managers with a speciality in this area — reduces the lender’s loan...
...$1.5bn to c.$1.2bn....
...Some would probably argue that more information is not the same as better information . . . but c’mon....
...The value of short positions against Argentine bonds lent by international custodian banks is currently $41mn, a sharp increase from $25mn ahead the mid-August vote, according to data from S&P Global Market...
...Higher risks make this a market for specialists. The perimeter of the financial junkyard is defined by a rating of BB+ from Fitch and S&P, and Ba1 from Moody’s....
...After assembling a team of specialists for a complicated job, a contractor falls asleep on a plane....
...ETFs struggle, however, to compete with trusts in more specialist corners of the investment universe....
...The organisation’s psychology-based transformation programmes have been taken up by 62 per cent of FTSE 100 companies and 59 per cent of the S&P 100. Leading by example, one could say....
...It achieved records in four of its five business units last year, with its fixed income strategy making 32.6 per cent, ahead of many specialist macro funds....
...By June next year, S&P Global is predicting the US default rate will rise to 4.5 per cent, up from 1.7 per cent at the start of 2023....
...A total of 51 large retailers filed for bankruptcy in the US in 2020 — a decade high, according to S&P Global Market Intelligence....
...Specialist indices also rank highly in terms of assets under management, according to ETFGI, including the S&P Global Clean Energy Index and the MAC Global Solar Energy Index....
...of the S&P 500....
...A group of asset owners has called on Amazon to scale back its union-busting tactics in Alabama, where a group of warehouse workers are trying to organise....
...So we asked Afterpay what explains its divergent view from ThinkSmart on Clearpay’s valuation, and it said: Afterpay’s valuation of Clearpay has been performed by an independent third-party valuation specialist...
...Nordics P&C exposure through If P&C and Topdanmark supports around 60% of Sampo’s dividend, where this is expected to remain stable....
...P&G, the world’s largest consumer goods company, bought the vitamins and supplements business of pharmaceutical group Merck for $4.2bn in 2018....
...client wins of over c.£200m YTD....
...Wall Street’s benchmark S&P 500 rose 0.5 per cent at the opening bell while the tech-heavy Nasdaq Composite climbed 0.8 per cent.Analysts, investors and debt collectors are agreed on the next area of pain...
...On our new estimates, L’Oréal trades on an FY21E P/E of 32.6x, the highest premium versus the consumer staples sector for over 10 years....
...The tech-heavy Nasdaq 100 stock index has risen 28 per cent since the turn of the year, compared with a 4 per cent rise in the benchmark S&P 500....
...benefit of c£100m’....
...Savings are expected to be greater than £100m vs. previous guidance of c£100m....
...In terms of the impact, we expect that this will continue to drive prices up for the near future, while the insurers most exposed are Swiss Re (via P&C Re and Corporate Solutions), Allianz (via AGCS), AXA...
...Overall the measure should save c. EUR15bn-20bn of ET1 or c. 20-30bp on average for the banks we cover. We continue to believe that the sector has c. EUR300bn of excess capital above SREP and c....
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