Capital City Follow @CapitalCityIFR
The Daily Capital Markets Digest
Singapore oil field services firm Swiber Holdings filed an application to wind up the company and said a Singapore court had appointed provisional liquidators, making it the biggest local name to fall victim to the slump in oil prices.
(Reuters) - US prosecutors sued on Wednesday to seize more than US$1bn in assets they said were tied to money stolen from the Malaysian state development fund, which was overseen by the prime minister, and used to finance “The Wolf of Wall Street” film and to buy property and works of art.
Chinese bondholders of state-owned Dongbei Special Steel Group’s defaulted notes are demanding a widespread blockade against all financing activities from Liaoning province where the issuer is based.
Italy is fast running out of options to fill a potential €40bn capital hole in its banking system, leaving Rome with little choice but to launch a full-on government rescue – and plunging it into an inevitable conflict with the European Union.
How many people will be hanging around to jump on the European Banking Authority stress test results at 10pm Central European time tonight?
It might only be Thursday, but it’s the end of the month and it’s summer. How better to celebrate this than by knowing that the Fed is happily on hold for now.
Editor-at-large Keith Mullin examines the restructuring at Credit Suisse and Deutsche Bank, arguing that people seem far more inclined to buy Tidjane Thiam’s narrative than they do John Cryan’s.
I’ve been away for a couple of days and come back to find that absolutely nothing has changed. Well, I suppose bits and bobs have but in the wake of the Brexit bungee jump, most other activity looks a bit minor. Apart from Japan.
Stay up to date with what's happening in the capital markets by subscribing to the IFR Capital City daily email. It's completely FREE and you can sign-up by entering your email address below.