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...The letter from the bondholders’ advisers — law firm Akin Gump and investment bank Jefferies — cites “press reports” that they said raised the prospect of a “material impairment” of the debt that they hold...
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...The Australian-born Robinson began trading derivatives in the early 1990s, first at investment banks and then at hedge funds....
...The investors owned additional tier 1 bonds, or AT1s, a form of bank debt that can be converted into equity or written down when a bank runs into trouble....
...the CMA....
...Nationwide launched a TV advert last year ridiculing the branch-cutting “big banks”....
...Since its introduction in 1996, Mercedes-Benz has dominated the luxury mover market with the much-loved and versatile V-class....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...Christine Lagarde: The European Central Bank president will speak at Yale University on the importance of ideas in driving economic growth....
...More on the yen: Investors are increasing their bets that the Bank of Japan will need to keep raising borrowing costs as a weaker yen fuels inflation and puts pressure on the central bank to tighten its...
...Joe LeahySo if you look at the data for credit, instead of flowing into property, a lot of state bank credit is now flowing into manufacturing....
...bank has said. 5....
...The Bank of England’s financial stability committee met today, and the subsequent report indicates that it remains antsy about the engorged size of Treasury basis trades....
...There is far too much hand-wringing from banks and bond investors as bonds fall and yields rise back up towards 4.75 per cent, reversing the rally at the close of 2023 (“The great bet on rate cuts is off...
...One of the few left, Vanquis — formerly Provident Financial — has tried to clean up its reputation and become a regular bank funded by its depositors....
...stubbornly above the central bank’s target....
...The Bank of Japan was the only central bank in the world still using negative interest rates but following a 7-2 majority vote by its monetary policy committee, the BoJ decided to end its ultra-loose monetary...
...banks....
...Here’s what else I’m keeping tabs on today: Interest rates: Central banks in Norway, Switzerland, Turkey and the UK make interest rate decisions today....
...The figures, from JPMorgan analysts, confounded the bank’s own expectations and suggest a lingering lack of confidence among executives....
...Shot at the historical headquarters of Lombard Odier Bank in Geneva, Switzerland. Special thanks to Cristina Benito...
...Economists polled by Reuters forecast consumer prices rose 0.6 per cent in March from the previous month. Chile’s central bank publishes trade figures that cover last month....
...UBS shares hit a 16-year high last week and have risen more than 60 per cent since it agreed to take over defunct rival Credit Suisse last March but the bank is under pressure from investors to improve its...
...Suspended accounts scheme: Banks are clashing with the UK government over plans that would allow banks to transfer trapped funds to the government to finance its efforts to crack down on economic crime....
...Chart of the day Africa had to import $43bn of food in 2019, and the World Bank estimates it could rise to $110bn by next year....
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