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GC Asia
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Conduits drew backup lines in CP market crunch
Banks sponsoring asset-backed commercial paper conduits activated the liquidity lines backing up these vehicles in the days before Federal Reserve intervention started to stabilise commercial paper markets, as rates spiked and investors focused on only the shortest maturities.
08 Apr 2020 -
Eurogroup fails to agree economic rescue package
Finance ministers have agreed on the use of the European Stability Mechanism, the European Investment Bank and a new unemployment fund as a fiscal response to the coronavirus crisis, but they remain split on language about a possible common recovery fund.
08 Apr 2020 -
 talks to WHO on covid from PA 7Apr20 575x375.jpg)
Asia has earned leadership — now it must show it
The way Asian states including China have dealt with the coronavirus has put Europe and the US in the shade — now they should lead the international financial fightback.
07 Apr 2020 -
EU countries near agreement on economic rescue package
The European Investment Bank, the European Stability Mechanism and a new unemployment fund are set to play a part in EU finance minsters’ response to the coronavirus crisis.
07 Apr 2020 -
Charities, NGOs call for developing world debt jubilee
More than 100 charities and other organisations are urging that developing countries' debt payments be cancelled this year.
07 Apr 2020 -
Italy to offer guarantees of up to 100% on bank loans
Italy is set to announce a new decree law that would allow banks to use public guarantees to cover 90%-100% of their lending.
06 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 rating agencies are “doing their jobs”, compared to their responses during the 2008 financial crisis.
06 Apr 2020 -
L-Bank funding boss still backs auction format, despite pulled trade
Despite an unsuccessful experience in selling a trade through an auction in March, L-Bank’s international funding officer, Sven Lautenschlaeger, has not been put off by the format.
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 -
EC vows €100bn for jobless, but still no coronabonds
Those pleading for a shared EU-level fiscal response to the economic damage of the coronavirus outbreak were thrown a bone on Thursday when Ursula von der Leyen, president of the European Commission, promised a €100bn unemployment fund backed by €25bn from EU member states.
02 Apr 2020
