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Thursday, 21 June 2018

Alex Chambers' s stories

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  • From the fjord into the mire

    From the fjord into the mire

    All Special Reports | 16 March 2012

    During the dark days of November when financial markets were in thrall to the eurozone sovereign crisis and Spanish and Italian bonds were in virtual free-fall, propped up by the central bank, the SSA sector was stung by a sudden and dramatic downgrade to Eksportfinans to junk. In addition to massive mark-to-market volatility, it triggered a sudden and frantic reappraisal of its peer group.

  • European supranational, sovereign and agency debt volumes - detail

    Graphic Detail: European SSA supply up 16% YTD, best start since 2009

    Capital City | 06 March 2012

    European SSA supply totalled US$252bn during the first two months of 2012, up 16% on the same period in 2011, and marking the best annual start since 2009, according to Thomson Reuters data. 

  • IIF

    IIF staff report claims €1trn Greece default losses

    Capital City | 06 March 2012

    A back of an envelope exercise in an IIF staff note calculates the possible effects of a disorderly Greek default and exit from the euro would result in losses of around €1trn.

  • A protester holds up a Greek flag during a demonstration against anti-austerity measures in Athens

    CAC threat sets up Greek bond swap

    Bonds | 25 February 2012

    The starting gun for the biggest sovereign restructuring ever attempted was fired on Friday when Greece unveiled the terms of a bond swap to exchange debt held by private sector investors for new bonds. Assuming it is successful, the deal will write off roughly €100bn of Greece’s debt.

  • Euros

    Bankers cheer game changer of ECB Christmas cash

    Ticker | 27 January 2012

    Half a trillion euros from the European Central Bank, the Christmas gift to banks that will keep on giving, has cut government borrowing costs, reopened funding markets and been the toast of Davos and City of London bars.

  • Eric Daniels, the former group chief executive of Lloyds Banking Group

    Eric Daniels joins StormHarbour

    People & Markets | 27 January 2012

    Eric Daniels, the former group chief executive of Lloyds Banking Group, has joined StormHarbour as principal and senior adviser

  • Credit Suisse combines FIG, corporates

    People & Markets | 09 December 2011

    Sandeep Agarwal, head of financials institutions debt capital markets at Credit Suisse, has been made head of an enlarged group including debt origination for corporate clients. The move is effective from the new year.

  • Issuers face Q1 scramble

    Bonds | 09 December 2011

    SSA borrowers are facing an uphill struggle to refinance in 2012, as markets remain unconvinced that the latest actions from policymakers and the ECB are enough to stem the eurozone debt crisis. Market trepidation over the coming first quarter is at an all-time high because of the sheer volume of funding required. That is the period when the bulk of funding for all issuers – and especially SSAs – traditionally takes place.

  • The sun is reflected in the logo of the state development KfW bank in Berlin

    EIB, KfW seen paring funding programmes

    Ticker | 07 December 2011

    The European Investment Bank (EIB) and Germany’s KfW could see their 2012 funding programmes shrink by as much as €10bn, triggered by slowing rates of disbursements amid constrained financing markets, bankers said.