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Tuesday, 17 October 2017

Gareth Gore' s stories

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  • Graduates

    UK government in a bind over £4.1bn student loan sale

    Top News | 13 October 2017

    The UK government faces a dilemma over whether to proceed with a landmark sale of £4.1bn of student loans, the first in a series of transactions it hopes will raise £12bn for the exchequer over the next four years.

  • EU flags fly in front of the ECB headquarters in Frankfurt

    ECB eyes deadlines for banks to cover bad loans

    Top News | 06 October 2017

    The European Central Bank plans to require banks to set aside enough cash to cover the full amount of any loan that falls into arrears, as it seeks to make it prohibitively expensive for lenders to just sit on bad loans.

  • A dry bulk cargo ship

    Day of reckoning draws near for German banks' shipping losses

    Top News | 29 September 2017

    When a cancelled order freed up nine slots at the Ulsan shipyard in South Korea in late 2007, the news set off a frenzy of activity 6,000 miles away in Hamburg.

  • A Hapag-Lloyd container being loaded

    Debt-laden Hapag-Lloyd to launch US$400m rights issue in days

    Top News | 22 September 2017

    Hapag-Lloyd will launch its US$400m rights issue in the next few days, as the shipping giant seeks to bring down debt that has ballooned as a result of its merger with Middle East peer UASC.

  • HSH Portfoliomanagement debuts at last

    Bonds | 15 September 2017

    German bad bank HSH Portfoliomanagement finally made its bond market debut on Tuesday, printing a three-year US$500m FRN – albeit more than a year after it mandated banks on the trade.

  • Otkritie Financial Corporation logo

    The curious collapse of Russia's Otkritie

    Top News | 08 September 2017

    When Kirill Lukashuk and Alexander Proklov put out their view of the creditworthiness of Otkritie in early July, they never imagined the note might trigger a series of events that would push Russia’s largest private bank into a central bank bailout.

  • European Parliament in Strasbourg, France

    Europe draws up sovereign CDO plans

    Top News | 11 August 2017

    European banks could be pushed to sell their Italian, Spanish and Portuguese sovereign debt holdings and replace them with newly created “safe” securities under proposals designed to strengthen the region’s financial system.

  • Piggy Bank

    Looming maturities threaten Greece's bailout exit

    Top News | 28 July 2017

    Greece and its creditors were quick to hail the country’s triumphant return to the sovereign bond market as an important milestone as it prepares for financial independence once its current bailout ends just over a year from now.

  • UniCredit

    UniCredit's €16bn NPL deal nears finish

    Top News | 21 July 2017

    UniCredit hopes to shift bad loans with a face value of €16.2bn off its books before the end of the month after signing an agreement with US funds Pimco and Fortress. The funds have committed to buy just over half of the portfolio for around €1bn.

  • Estonia's Finance Minister Toomas Toniste

    Europe eyes power to strong-arm banks on NPLs

    Top News | 14 July 2017

    European regulators could be given more power to force banks to tackle the €1trn of bad loans festering on their balance sheets, under new proposals put together by the region’s finance ministers.

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