Christopher Spink covers financial restructuring across Europe, as assistant editor for International Financing Review. He is currently focusing on the Eurozone crisis as well as regulatory developments as part of IFR’s People & Markets team. Previously he wrote about M&A for another Thomson Reuters title Acquisitions Monthly. During his 15 year career Chris has also covered AIM companies and venture capital backed businesses, as head of research and deputy editor at Growth Company Investor. He also wrote best-selling book, "How to invest when you don’t have any money", when he worked at investment website The Motley Fool.
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Credit Suisse kept shareholders guessing last week on whether it plans to launch a capital raising rather than float its domestic bank. The bank has said it needs to raise at least SFr2bn (US$2.02bn) this year.
BNP Paribas is to accelerate plans to digitise more functions in its corporate and institutional bank to achieve ambitious targets to take €900m of annual costs out of the business over the next three years.
Mozambique’s US$727m 2023 bond continued to rise in price on a cash basis last week, ticking up several cents in the dollar to 69, on hopes the bonds might now be included in a wider restructuring of all the African country’s debts rather than be singled out under the original plan.