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GC Asia
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Hard-hit firms mull market rescues as governments change support goalposts
Companies in sectors without government support packages in place are having to weigh moving fast for a costly private sector rescue capital against dragging their feet and hoping governments extend existing bail-out or liquidity schemes. The cost of Carnival Corporation’s $6.25bn package last week shows how painful turning to private sector cash can be, but many sectors see better prospects of receiving public money than Panama-domiciled cruise companies.
07 Apr 2020 -
Rating agencies ‘doing their jobs’ in coronavirus crisis
Investors see the rapid wave of downgrades in response to the coronavirus crisis as evidence that ratings agencies are "doing their jobs" compared to their response in the 2008 financial crisis, where they were roundly criticised.
06 Apr 2020 -
Guggenheim tops chart as IB revenues shrink
Investment banking revenue in March was lower than normal as the coronavirus pandemic sapped risk appetite — but it was far from a total wipeout.
02 Apr 2020 -
Insurers bulked up on airline risk as export credit agencies pulled out
Private sector insurance companies have written extensive guarantees for the purchase of new aircraft from Boeing and Airbus in the past two years, filling a gap in the market left by the retreat of US Eximbank and European export credit agencies. But with aircraft around the world grounded and airlines slashing capital expenditure, these insurance firms could be stuck with the risk.
02 Apr 2020 -
New bond trading methods emerge from pall of crisis
Unusual or less traditional ways of trading bonds — via electronic platforms and exchange-traded funds — look set to come out well from the recent market turmoil.
27 Mar 2020 -
People moves in brief
Amine leaves Credit Suisse — CIFC picks new research head
26 Mar 2020 -
Your country needs you, investment bankers
The 2008 financial crisis forged a generation of investment bankers well versed in advising governments — and with many having returned to banking, they are likely to be in demand again. But history suggests banks will not be earning lucrative fees, writes David Rothnie.
26 Mar 2020 -
Loans go digital - LMA starts automation platform planning
Automation is coming to syndicated loans as the Loan Market Association announces it has entered into an agreement with companies to explore the idea, with loans bankers welcoming the development.
26 Mar 2020 -
Ex-IBCM head Amine leaves Credit Suisse
James 'Jim' Amine has left Credit Suisse, which has folded his private credit opportunities business into a different unit.
25 Mar 2020 -
FCA stands firm on Libor transition deadline
After discussions with the Bank of England and the Sterling Risk-Free Reference Rates Working Group over the impact of Covid-19 on companies’ plans to transition from Libor, the UK’s Financial Conduct Authority said on Wednesday that the final deadline of the end of 2021 was immutable.
25 Mar 2020
