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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A landmark will be reached later this month when creditors of Lehman Brothers’ European arm finally receive £6bn of interest that has built up on their £11.5bn of original claims over the nearly 10 years since the investment bank failed.
The long-awaited clear-up of non-performing loans held by Italian banks is expected to accelerate in the second half of the year, after two sizeable portfolios were sold last week.
Societe Generale has become the latest French bank to train its sights on Germany and seek growth in its European neighbour.