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A recent court ruling in Spain could help to set a precedent for what information must be made public when a bank fails, as claims about the need for confidentiality start to wear thin. -
When celebrated investor Bill Gross said that 'bonds, like men, are in a bear market,' he was on to more than he might have realised.
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The covered bond market has a reputation for allowing tough trades to be done, so when My Money Bank postponed its debut deal, the product was imprudently tarnished. The situation could have been avoided had the deal been launched a week earlier or sometime later — just not last week.
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If Banca Carige cannot raise capital or find an acquirer, it should be put out of its misery.
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Nordea Bank's move into Finland next week will reveal the huge problems facing an incomplete Banking Union.
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Hanwha General Insurance’s failed attempt at a tier two dollar bond last week shows that not all South Korean credits can win over investors, as the buy-side looks at the country’s insurance borrowers with a lack of enthusiasm and a healthy dose of scepticism. With more Korean insurers set to hit the market, it’s time they reassess their approach to fundraisings.
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Canada should have thought twice before stripping banks of their ability to use senior debt as an ordinary funding tool.
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The lengthy complaint about HSBC management drafted, purportedly, by investment bankers within the firm must be taken seriously and investigated, if its new CEO John Flint wants to win the confidence of the rest of the staff and shareholders.
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Europe already has a powerful tool to deal with banks that fail to show they have the proper risk controls in place — it’s called the supervisory review and evaluation process.
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The Catalan Treasury has dropped S&P as a ratings agency, citing cost savings — after all, it had four ratings (now three) when all it needed from a regulatory point of view was two. But S&P’s rating was the worst of those four, suggesting that ratings shopping — or in this case, ratings saving — is still a problem in the bond markets.
