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Wednesday, 13 December 2017

Gareth Gore' s stories

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  • 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.

  • Monte Dei Paschi

    Monte dei Paschi gets €5.4bn bailout

    Top News | 07 July 2017

    Banca Monte dei Paschi di Siena can hold on to its mantle as the world’s oldest bank for a little longer after the Italian government stepped in to rescue the struggling Tuscan lender via a deal that will cost the taxpayer €5.4bn.

  • Monte Dei Paschi

    Monte dei Paschi rescue deal gets green light

    Ticker | 05 July 2017

    Italy will inject €5.4bn into Banca Monte dei Paschi di Siena as part of a wholescale restructuring of the struggling Tuscan lender that will also see the bank shed €26bn of bad loans, following approval from the European Commission.

  • Monte dei Paschi bank headquaters

    MPS rescue helped by rivals' collapse

    Top News | 30 June 2017

    Banca Monte dei Paschi di Siena expects to close the sale of €26bn of

  • The entrance of Monte dei Paschi

    Monte dei Paschi deal boosted by Vicenza, Veneto collapse

    Ticker | 29 June 2017

    Banca Monte dei Paschi di Siena expects to close the sale of €26bn of bad loans within days following a last-ditch bid from Italy’s industry-backed rescue fund to revive a deal that looked to have collapsed.

  • British and EU flags

    UK deals pick up as companies tire of waiting

    Top News | 23 June 2017

    One year after the shock vote to exit the European Union forced many to ditch or delay planned transactions, UK companies are tentatively returning to dealmaking, as many conclude they can’t afford to wait any longer.