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.
Disagreements among European finance ministers about how to bail-in bank creditors following the Cyprus debacle may see proposals watered down and global systemically important banks continue to receive implicit backing from the country in which they are headquartered.
The joint administrators of Lehman Brothers International (Europe) have said they will make a second significant interim payment at the end of next month to unsecured creditors of the London-based arm of the failed US investment bank.
It is increasingly likely that Greece will become the first sovereign ever to choose to restructure debt owed to the IMF – putting in question for the first time the IMF’s status as an unchallengeable preferred creditor when it comes to sovereign debt.
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