The mountain of negative-yielding debt in financial markets is encouraging a growing number of European insurance companies to buy a new breed of structured note that uses greater levels of financial engineering to juice returns.
Fitch downgraded Argentina to CCC from B on Friday afternoon capping a volatile week for the sovereign following President Mauricio Macri’s surprise upset in the primary election.
Trading activity in total return swaps linked to credit indices has hit a record high this year, as a growing number of investors embrace these credit derivatives to take views and hedge their corporate bond portfolios.
Three strategic investors have agreed to take stakes in Bank of Jinzhou as the Chinese government seeks to save the country’s troubled lenders through market-based measures, with more policy easing on the way to ease stress in the financial sector.
(Reuters) - Barclays, JP Morgan, RBS, UBS and Citigroup are being sued by investors over allegations they rigged the global foreign exchange market, in a test of US-style class actions in Britain.
(Reuters) Federal Reserve Bank of New York President John Williams on Monday said the finance industry “must not wait” to stop using the Libor lending benchmark.
The weakest growth in China during Q2 for at least 27 years has led to the usual reaction of 1) increased concerns over global growth; and 2) calls for more fiscal and monetary policy stimulus.