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Thursday, 14 December 2017

Gareth Gore' s stories

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  • A trader from BGC reacts after Britain voted to leave the European Union

    Brexit plunges markets into turmoil

    Top News | 24 June 2016

    European capital markets have been plunged into deep uncertainty after the UK voted to leave the European Union, with bankers and investors struggling to digest what the unprecedented decision will mean.

  • A flotilla of fishing vessels campaigning to leave the EU sails up the Thames

    Nerves jangle as Brexit vote nears

    Top News | 17 June 2016

    Deals have slowed to a trickle in Europe ahead of the UK referendum on its membership of the European Union this Thursday, with many issuers and investors preferring to sit on the sidelines for fear of getting caught up in any market turbulence.

  • Saudi Aramco

    Aramco IPO creates headache for bankers

    Top News | 10 June 2016

    An initial public offering of Aramco may still be at least two years away, but bankers have already begun work solving the many challenges to pulling off the deal, which at a mooted US$100bn (for 5% of the company) will be four times bigger than anything they have ever listed before.

  • Piraeus Bank logo

    Greek banks to miss out on free money

    Top News | 03 June 2016

    Greek banks will be largely shut out of the European Central Bank’s four-year interest-free lending facility when it is launched later this month, after the ECB’s governing council left in place a controversial ban on the use of Greek collateral in its lending operations.

  • VTB Capital logo

    Retreating rivals ease the path for VTB

    Top News | 27 May 2016

    VTB Capital did not expect to end up as the only bank on the deal when it pitched to lead the Russian Federation’s long-awaited return to international bond markets. 

  • SandRidge Energy

    Surge in oil bankruptcies not all it seems

    Top News | 20 May 2016

    Oil prices have rallied 80% since the middle of February, but the recovery seems to have come too late for many US and Canadian energy firms struggling to survive a global supply glut that has destroyed the business plans of much of the industry.

  • Pudong financial district

    China NPLs 'eight times' official rate

    Top News | 13 May 2016

    Chinese banks may be in a much more perilous state than previously feared, according to a new analysis by Hong Kong brokerage CLSA, which estimates that as many as one in five loans held by the country’s commercial lenders may now be in some state of delinquency.

  • Bank of China sign

    Chinese banks load up on overpriced munis

    Top News | 06 May 2016

    China’s biggest banks are loading up on trillions of renminbi of municipal bonds at artificially high prices, in a move that could leave the sector with large underwater exposures to indebted local governments that cannot be offloaded without taking substantial losses.

  • Glencore logo

    Glencore proves it has access

    Top News | 29 April 2016

    Glencore has ended an unusual year-long absence from bond markets with a small Swiss franc issue, as it seeks to prove that it still has the backing of fixed-income investors after being forced to severely cut its debt in response to a rout in its shares and bonds.

  • Fighting for fees

    Fighting for fees

    All Special Reports | 22 April 2016

    German banks should be in a sweet spot right now: funding costs are at an all-time low, and the home market – the world’s third largest economy – is growing at a decent clip; demand for exports has pushed the trade surplus to a record high, helping generate jobs and push unemployment to the lowest since reunification; consumers are spending again, and the property market in many of the country’s biggest cities is booming.