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Investors would be wise to protect themselves against tail risks
Government ought to clarify or scrap it
The government has had no problem raising money in capital markets since October 2023
White House mis-steps have raised hopes the euro can supplant the dollar
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If Softbank relists Arm in London, it will be due to politics, not economics
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Market participants should have adapted to bumpy conditions by now
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For the instrument to have a future, the process must be seen to have been fair
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Removing post-crisis rules lays bare the financial system to risk
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By redeeming its AT1 bond early, UBS has gained a handy advantage over its local and international competition