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Monday, 18 December 2017

Gareth Gore' s stories

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  • A man looks at a Unicredit logo

    UniCredit: this time it's different

    Top News | 03 February 2017

    Jean Pierre Mustier wanted out. The Frenchman had been recruited three years earlier by UniCredit chief executiv

  • Week Ahead: UniCredit, Nigeria, Greece

    People & Markets | 03 February 2017

    This time it’s different UniCredit, which has spent the last decade in intensive care, launches its long-awaited €13bn rights issue today with the bank in critical condition. After a multi-billion-euro writedown at the end of last year, the Italian lender’s capital levels are now below the regulatory minimum. I

  • A man looks at a UniCredit logo

    UniCredit woos substitute investors

    Top News | 13 January 2017

    UniCredit is courting new investors to support its €13bn rights issue amid concerns that not all of its current shareholders will be willing – or able – to take up their rights in a transaction that is vital to turning around Italy’s biggest bank.

  • Piraeus Bank

    Piraeus Bank eyes bond market return

    Top News | 13 January 2017

    Piraeus Bank is putting together plans to print the first bond issue from a Greek lender since mid-2014, in the latest sign that funding for the sector is slowly returning to normal after three years of capital controls and emergency assistance.

  • BMPS in last push to avoid bailout

    Top News | 16 December 2016

    Banca Monte dei Paschi di Siena is to make one last-ditch effort to convince investors to hand over €5bn before a deadline to bolster its capital buffers expires at the end of the year.

  • Defying logic: buying bonds in an era of negative rates

    Defying logic: buying bonds in an era of negative rates

    All Special Reports | 16 December 2016

    Rock-bottom interest rates, quantitative easing and negative yields have turned the fixed-income investor universe upside down. How do fund managers make sense of these changes and how are they positioning their portfolios in response?

  • ECM's Year of Pain

    ECM’s year of pain

    All Special Reports | 16 December 2016

    Few equity capital markets bankers will look back fondly on 2016. For most, the year was a long, uncomfortable ride that saw markets lurch from one extreme to the other – a year of political upheaval in the UK and Brazil, of a collapse in the wider commodity complex, and of ebbing confidence in China’s growth model. Along the way, deal after deal was caught out; almost every team came out the year scarred in one way or another.

  • Defying logic: buying bonds in an era of negative rates

    Defying logic: buying bonds in an era of negative rates

    All Special Reports | 16 December 2016

    Bunds were hardly a screaming buy at the beginning of 2016. Far from it: shorter-dated paper offered investors next to no yield at all; and even at the longer end, a 0.1% coupon on 30-year debt must have seemed like scant compensation for all the risks that might befall the investment during that time.

  • Monte dei Paschi bank headquaters

    Monte dei Paschi faces bailout

    Top News | 09 December 2016

    Banca Monte dei Paschi di Siena may have little option but to ask for a government bailout after the European Central Bank rejected a plea to extend the deadline on its €5bn recapitalisation efforts by three weeks.

  • European Central Bank headquarters

    Government bond sell-off to hit bank capital

    Top News | 02 December 2016

    Europe’s largest banks are preparing for a hit to their capital buffers at the end of the year, when many will be forced to write down the value of about €1trn of government bonds held as available for sale amid a regulatory clampdown on such holdings.