Turkey could be heading for a banking crisis within months unless the country’s authorities get a grip on economic policymaking.
The International Bank for Reconstruction and Development - more commonly known as the World Bank - is marketing the world’s first public blockchain bond. And it has chosen to go a long way from its Washington DC headquarters to do the deal.
Elon Musk’s plan to take Tesla private is forcing investment banks and investors to put scepticism aside and see if they can dream up possible ways to make such a deal work.
Ten international banks are being sued for conspiring to fix prices of Mexican government bonds over an 11-year period, in a class action lawsuit in New York that could open up bond trading as another potential area of banking misconduct.
Chinese banks are gearing up to issue offshore Additional Tier 1 securities to meet rising capital needs after a shift in monetary policy triggered a rally in the sector.
Russia’s Gazprom has suspended its external borrowing programme because of a deepening legal dispute with Ukraine’s Naftogaz over gas supplies, three banking sources said.
The IPO of UK luxury carmaker Aston Martin is expected to be one of the first European listings out of the traps following the summer break and could well be one of the first to test new rules for UK IPOs.
The US credit markets are seeing a late-summer supply surge, as both high-grade and junk borrowers looked set as IFR went to press to price more than US$47bn in new bonds last week amid strong demand.
The latest political developments around Brexit will do little to alleviate the damage the UK’s departure from the EU will do to the financial services industry on both sides of the English Channel, according to a leading legal expert.
Advance Newhouse, the parent of the Conde Nast group of publications (Vogue and Vanity Fair among them), secured a roughly US$1.5bn notional revolving credit facility by pledging a portion of its stake in Charter Communications.