Hints and tips:
Related Special Reports
...Turkey’s sovereign wealth fund attracted strong demand for its debut international bond deal, in the clearest sign yet that investors have shrugged off last week’s shake-up at the country’s central bank....
...Markets at present anticipate three 0.25 percentage point cuts by the Fed and Bank of England this year, while for the European Central Bank it is closer to four....
..., “would introduce uncertainty or undermine the NPL secondary market”, the FSB said....
...The FSB’s review said such state-backed guarantees, known as GACS, as well as an overhaul of restructuring and enforcement procedures, “successfully” helped banks slash NPLs from a 2015 peak to €63bn in...
...The FSB recommended that companies hold sufficient cash and other liquid assets readily available to meet margin calls....
...FTAV once heard a delightful financial-crisis tale about Uruguayan Samurai bonds — offshore sovereign debt issued by Uruguay denominated in Japanese yen....
...Most personal guarantees are never called upon by banks, it added. The FSB’s super-complaint was the first made to the FCA since the watchdog was included in the regime in 2012....
...You can then end up with pointlessly stupid situations like Viking Global’s CEO Ole Andreas Halvorsen, whose talk at the Norwegian sovereign wealth fund’s annual investment conference has caused a minor...
...The bank takes an optimistic view, and wrote that “2024 may finally be the year that proves that an exit path to prolonged sovereign defaults indeed exists,” thanks to Zambia’s deal, along with reports that...
...Reza Baqir Former Governor, State Bank of Pakistan (2019-2022); Global Practice Leader of Sovereign Advisory Services, Alvarez & Marsal, Dubai, United Arab Emirates...
...For commercial banks, higher rates will boost net interest margins, but regulators are alive to the risk of Silicon Valley Bank-style dynamics from any losses on assets....
...Bank of America, Barclays, Citigroup, Jump Trading, JPMorgan Chase, Morgan Stanley, Tower Research Capital and Wells Fargo are also investing in FMX....
...Private investors have piled into UK government bonds this year to lock in attractive yields as the Bank of England has kept interest rates at a 16-year high....
...But there is a risk that these types of central bank intervention will become more common and persistent. Attempts to push central bank losses on commercial banks can also be a form of repression....
...wealth funds, pension funds and central banks....
...This intervention funded the purchase of developed world government debt securities, primarily US Treasuries, through the creation of local currency bank reserves....
...Silicon Valley Bank collapsed....
...Although it is increasingly likely that major central banks will initiate rate cut cycles in June, most major central banks have not started to normalize policy rates yet, so rate cut plans remain fairly...
...gillan.tett@ft.com Letters in response to this column: IMF can help fix the system of sovereign debt restructuring / From Reza Baqir, Former Governor, State Bank of Pakistan (2019-2022); Global Practice...
...He has also held roles at AIG Financial Products, Morgan Stanley, the IMF and the Reserve Bank of New Zealand....
...An option — though remote for now — would be for China to create a bad bank tasked with managing and disposing of these bad sovereign loans....
...Only half the bonds have a provision to lose their green label if projects funded are found not to meet eligibility requirements, according to the bank....
...We continue to favour high-quality sovereign debt, including US Treasuries....
..., if the data continues to disappoint, then I think the Fed will have to start re-engaging on hikes,” said Richard Clarida, an economic adviser at Pimco, who was previously vice-chair of the US central bank...
...Khavana is charged with sending $51.80 from her US bank account to Razom for Ukraine, a New York-based non-profit group, on the day President Vladimir Putin ordered the full-scale invasion of Russia’s neighbour...
International Edition