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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Standard Chartered has reported its first pre-tax profit decline in a decade and warned that trading performance across the group in the first half is likely to look weak relative to the same period last year.
Creditors of Lehman Brothers International Europe, the bankrupt investment bank’s London subsidiary, could now be paid as much as 44% on top of their original claims after a High Court judge ruled that they should receive statutory interest.
The International Monetary Fund is under political pressure to back a bailout of Ukraine that would have all the country’s debts honoured rather than insist on an alternative bail-in that would see US$12bn of obligations coming due in the next three years reprofiled.
- US cuts mooted at RBS
- RBS investment bank still in limbo
- Ukraine aid could mean covenant breach
- Berenberg to bulk up in US
- P&M: Owen and Kamlani to leave RBS as part of investment bank overhaul
- EU creeps towards bank resolution agreement
- Barclays urged to speed up overhaul