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Friday, 15 December 2017

Gareth Gore' s stories

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  • 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.

  • Riccardo Orcel, Deputy CEO of VTB Group

    Banks fall out of love with EM

    Top News | 01 April 2016

    Emerging markets are fast losing their shine for the world’s biggest investment banks. Faced with falling fees from fewer deals – and bleak prospects ahead – many have put the brakes on a decade-long expansion, with some cutting jobs and shutting offices.

  • The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar

    Nerves of steel

    Top News | 18 March 2016

    How a brave call and brave banks helped Glencore fight back in its battle with short-sellers.

  • Nomura Holdings' logo

    Nomura to expand US investment banking business

    People & Markets | 04 March 2016

    Nomura aims to grow its US wholesale operations to around the same size as its much-larger European operations over the next four years, as the Japanese firm seeks to capitalise on cut-backs being made by rivals.

  • Mizuho Financial Group headquarters

    JGB sales shake up Japanese banks

    Top News | 26 February 2016

    Japan’s banks are slowly shaking off the conservative habits that have defined the country’s financial system for three decades, and are rapidly selling down their giant holdings of Japanese government bonds as they seek to increase risk-taking at home and overseas.

  • Credit Suisse headquarters

    Deutsche, Credit Suisse wield knife on jobs

    People & Markets | 26 February 2016

    Credit Suisse and Deutsche Bank began making job cuts within their global markets divisi

  • Canary Wharf financial district

    AT1 collapse adds to pressure on banks

    Top News | 12 February 2016

    European banks are facing the humiliating prospect of a fresh round of equity issuance and asset cuts after a collapse in the Additional Tier 1 bond market left the industry’s capital plans in tatters.