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.
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The Financial Stability Board has said market participants should presume that Libor “will not be sustainable” in its latest progress report on reforms to interest rate benchmarks.
Rothschild said revenues from its global advisory business rose 11% to €296m over the three months to the end of September compared to the same period a year ago. For the whole of 2018 its revenues are up 14% year-on-year at a record €820m.
German public sector bank NordLB has opened its books to about six potential investors in a bid to strengthen its weak capital position, which was laid bare by its poor showing in this month’s European bank stress test results.