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  • FIG
    Banca Monte dei Paschi di Siena generated €230m of core capital in a sub for senior exchange offer this week after meeting a 30% participation rate, despite overall interest falling short of the deal cap.
  • FIG
    The UK government is asking for suggestions as to whether its Building Societies Act needs updating to support a new, loss-absorbent capital instrument as part of a wholesale review of the mutual sector.
  • FIG
    Debate intensified over Spain’s bank bail-out this week, after a leaked draft of conditions knocked the gloss off news that the money could start being disbursed in a matter of weeks.
  • FIG
    More than half of the €94.4bn raised by Europe’s larger banks to meet a 9% core capital ratio has come from fresh capital, the continent’s regulator said this week — with lending cuts minimal.
  • FIG
    Under the draft agreement, banks would be treated differently according to their capital position.
  • FIG
    Sharing the burden with subordinated investors is a better way to recapitalise Spain’s banks than for the government to bail them out completely, Royal Bank of Scotland’s head of European macro credit research has said.