Christopher Spink tracks financial restructuring, principally of banks and sovereigns, as assistant editor for International Financing Review. He also covers investment banking strategy and regulatory developments as part of IFR’s People & Markets team. Previously he has written about M&A at Thomson Reuters and fast-growth businesses as head of research at Growth Company Investor. He also wrote "How to invest when you don’t have any money" when at investment website The Motley Fool.
- +44 (0) 20 7542 3814
Deutsche Bank has confirmed that Tom Patrick has been made CEO of the Americas, with immediate effect, replacing Bill Woodley who is leaving the bank.
The move last week by Banco Popular’s wiped-out bondholders to challenge decisions taken by European regulatory authorities (see Top News story) has crystallised wider unease about the application of new bank resolution rules.
Novo Banco’s publication of the above average rates it will pay on deposits resulting from its liability management exercise targeting €8.37bn of bonds in the nationalised Portuguese bank do not materially change the economics of the offer.