The View

  • The coronavirus graphic to watch: US and UK continue to worsen

    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.

  • Private equity is just another ownership structure

    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.

  • Volatile funding costs: a test for Asian loans

    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.

  • Oil price war confirms what investors feared about Saudi Aramco

    Oil price war confirms what investors feared about Saudi Aramco

    Saudi Aramco’s IPO last year was a historic event for the company and its owner, Saudi Arabia, but despite a record $29.4bn being raised at IPO, international investors stayed away. They had demanded that the shares offered a discount to other listed oil majors, in part because of the political risk associated with the company. The fact it is now a tool in Saudi Arabia’s oil price war with Russia will have vindicated many in their decision to sit out the deal.

  • Strong banks also need central bank support

    Strong banks also need central bank support

    Canadian banks are among the largest, most profitable and best rated in the world, but that does not grant them immunity from liquidity bottlenecks. A recent spree of deals — although in some ways a show of might — illustrated that even the most fortified of lenders can appear vulnerable.

  • Never miss an opportunity for good PR

    Never miss an opportunity for good PR

    Standard Chartered’s announcement that it was allocating $1bn to help companies deal with coronavirus, or transition towards making essential medical kit, makes a virtue of doing what most banks are up to anyway. There’s nothing wrong with a bit of good news in these troubled times, but Stan Chart’s competition might feel they’ve missed a trick.

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