.png){kind=logo}
GC Asia
Comment - All Articles
-
The coronavirus graphic to watch: US and UK continue to worsen
UPDATED 9 April 2pm GMT Media are reporting that the spread of the coronavirus is slowing in the US and UK, but this is not borne out by the reported facts. Both countries suffered their second highest daily totals of new cases on Wednesday.
-
Debt relief: normal rules should not apply
Sovereign defaults are part of the territory for emerging market investors but even by the standards of previous crises, surely nothing compares to the economic catastrophe that is rapidly engulfing large parts of the developing world.
-
A credit paradox: ratings are ignored — and feared
For many years, corporate debt investors have scratched their heads and wondered: will anything, ever, cause the returns on bonds to go back to normal again?
-
Luckin Coffee: out of luck
Luckin Coffee seemed too good to be true. It was.
-
Absence of absence makes heart grow colder
The government’s response to the coronavirus has forced me to spend more time at home. Unfortunately, my wife is doing the same thing.
-
Crisis sparks endgame fears for Europe’s investment banks
'We are all in this together' is not a view Europe’s investment banks will recognise when they compare themselves with their formidable US rivals, writes David Rothnie.
-
Asia has earned leadership — now it must show it
The way Asian states including China have dealt with the coronavirus has put Europe and the US in the shade — now they should lead the international financial fightback.
-
Private equity is just another ownership structure
Outrage has erupted among US progressives at efforts from the private equity industry to ensure their portfolio companies get a piece of government support for corporates. The buyout barons don’t do much to endear themselves to the public, but sponsor funds are just another legal vehicle for owning equity — and there’s no point punishing a company for its owners.
-
Bank capital: pretence is better than nothing
Armies of wonks have spent the last 10 years dreaming up a panoply of bank capital tools, from additional tier one capital to MREL, to make sure “too big to fail” can never happen again. Next time, they claimed, private investors’ capital would be burnt in an orderly process, saving taxpayers from bailing out banks.
-
The virus crisis is a proving ground for CLOs
CLOs are under acute stress as the coronavirus pandemic wreaks havoc on corporate credit, but the situation presents an opportunity for the market to prove itself to sceptics.
-
Bathroom breaks are the bane of working from home
Investment bankers are now working from home en masse. That can lead to occasional moments of embarrassment.
-
Volatile funding costs: a test for Asian loans
Rising dollar funding costs for Taiwanese banks have made them push an existing borrower back to the negotiating table so that they can demand better returns on a loan. More worrying than the triggering of the market disruption clause, however, is the volatility that forced the move.
-
HSBC's Quinn’s plan just got tougher to execute
The bank has removed leadership uncertainty but the coronavirus means HSBC’s restructuring will be delayed.
