News and opinion on finance

Chinese high-yield borrowers face refinancing crunch

Moody’s released the latest series of its Asian Liquidity Stress indicator earlier this month and found it at the highest level on record, 38.6%. Evaluating that number in its own right is ...
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HSBC finds blockchain drastically improves efficiency of internal payments

HSBC announced on Monday that during the past year it has been orchestrating more and more cross-border payments between the various balance sheets within the federation of separately capitalized banks that make ...
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Banking: What Santander’s failure to appoint Andrea Orcel as CEO means for the industry

Andrea Orcel and Ana BotínAndrea Orcel’s eventual non-appointment as chief executive of Santander will, in time, rank high on the list of dysfunctional succession plans in an industry known for some spectacular ...
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Retail: New Look debt swap is a sign of the times

“A jolt to the market could come from a well-known name in the retail sector facing difficulties. This could lead to a default which could impact the market. There are a large ...
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Banco Santander: Not the Italian’s Job

It seems scarcely believable that a world-leading bank should be able to botch an appointment of such importance as its own chief executive.Andrea OrcelHowever, that is exactly what Santander has done with ...
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Overbond applies machine learning and AI analytics to assess bond market liquidity

June brings the deadline for US asset managers to comply with SEC rules first proposed in 2017 – and amended in 2018 – to implement and disclose their liquidity risk-management programmes.The aim ...
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International Bank of Azerbaijan creditors notch London legal victory

Holdouts in 2017’s debt restructuring by the International Bank of Azerbaijan (IBA) scored a legal victory on December 18 when a judgement forcing the lender to recognize their claims was upheld by ...
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FX: Drawing a line under market movements

Stops are an important risk and trade flow management tool, especially in managing books of smaller FX trades spread across multiple venues and counterparties.As trading has become more electronic and automated, stop-loss ...
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China banking: Opportunity knocks – so does risk

You only have to read the headlines on the research reports coming out of Asia to get a sense of the mood – and it’s sombre. “Always darkest before the dawn” (Nomura) ...
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China leveraged loans face new hurdle from EU M&A rule

By Pan Yue China’s firms already face trouble from tensions between China’s president Xi Jinping and US counterpart, Donald Trump A decision by the European Parliament, the European Council and the European ...
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Capital markets: Happy new year?

For any European capital markets bankers mulling their prospects in 2019, here are a couple of sobering statistics. First, debt. Through its quantitative easing (QE) programme, the European Central Bank has been ...
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Explosive growth pushes CEE risk to new lows

Several countries in Central and Eastern Europe were among the star performers in Euromoney’s country risk survey in 2018, spurring the region’s unweighted average risk score to reach its highest since the ...
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