GlobalCapital Leader

• FCA fraud findings: a reminder of the danger of crypto

  The UK Financial Conduct Authority’s announcement this week that UK retail investors have lost £27m to FX and crypto scams will have won little more than passing attention from heavyweight capital markets players.

  • 23 May 2019

• Tesco: checking out

  The UK’s approach to regulating banks points in opposite directions, as Tesco Bank’s decision to exit the mortgage market shows. But this will not matter to the customers it is supposed to benefit.

  • 23 May 2019

• Tech unicorns are losing their sparkle

  The post-IPO performance of Uber and Lyft shares shows a new level of investor scepticism towards tech ‘unicorns’. It’s about time.

  • 16 May 2019

• CMBS thriving without STS

  European commercial mortgage-backed securities (CMBS) have enjoyed a revival of late, despite the battering they took during the crisis years. Although regulators excluded the asset class from the Simple, Transparent and Standardised (STS) framework, it has shown that a select band of specialist investors is enough to get by in post-crisis securitization markets.

  • 16 May 2019

• EM bond strategy is fight not flight

  A decade ago any threat of volatility anywhere within the CEEMEA bond markets would shut them down. Not anymore. Nowadays scares barely even shut those parts of the market that they most affect, as this week’s bumper bond crop shows.

  • 09 May 2019

• Recession, what recession?

  Dismal European growth has weighed on rates, forcing buyers down the curve in search of yield and spread. A sharp turnaround feels distant, but a stabilisation has already materialised and investors that piled into long-dated bonds may come to regret it.

  • 02 May 2019

• Football: a beautiful game but an ugly investment

  Investors eyeing up Tottenham Hotspur’s plan to repay some of its debts by borrowing against its stadium should be wary of buying into a sport that has a long history of burning investors.

  • 02 May 2019

• Bank resolutions: long weekend

  Patience is a virtue for anyone looking to challenge decisions made during a bank resolution.

  • 25 Apr 2019

• Netflix should raise equity not debt

  Netflix’s blockbuster high yield issuance this week shows the love debt investors continue to have for the streaming service, but instead of adding to an already leveraged balance sheet, it should consider issuing new shares.

  • 25 Apr 2019

• Lufthansa, VC Trade power move will pay off in Schuldschein digital battle

  German airline Lufthansa took a daring step in mid-March and decided to launch a Schuldschein transaction exclusively via the digital platform VC Trade. It has proved a shrewd move and will likely be game-changing for VC Trade in the battle for digital dominance.

  • 17 Apr 2019

GlobalCapital Leader archive