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Wednesday, 19 December 2018

Markets

Fees soaring for complex debt workouts

IFR 2264 15 December 2018 to 4 January 2019

Corporate debt restructurings are set to become much more expensive as the market turns and the end of easy money heralds the start of increasingly complex and costly workouts.

Catherine McGuinness, Chairman of the Policy and Resources Committee of the City of London Corporation

Britain’s financial sector faces 'slow puncture'

IFR 2264 15 December 2018 to 4 January 2019

Life in London’s financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of an exodus of high-flyers to rival centres such as Paris, Frankfurt and Dublin.

Huawei arrest spooks markets

Huawei arrest spooks markets

IFR 2263 8 December to 14 December 2018

Huawei Technologies’ US dollar bonds slumped to record lows last week on news that the company’s chief financial officer was arrested in Canada and is facing extradition to the United States on suspicion of violating US sanctions.

Fed sounds warning on leverage

IFR 2262 1 December to 7 December 2018

The US Federal Reserve said US financial stability risks are moderate but expressed concerns about leveraged lending and increasing company debt loads.

Building societies get green light on bail-in debt

IFR 2262 1 December to 7 December 2018

UK building societies will be able to issue senior bail-in-able securities from December, finally putting them on an equal footing with their bank peers as they look to build up their stacks of loss-absorbing debt.

US Federal Reserve building

Financial stability risks moderate, but leverage a concern: Fed

29 November 2018

The US Federal Reserve said in an inaugural report that US financial stability risks are moderate, but expressed concerns about leveraged lending and increasing company debt loads.

Noble Group logo

Noble Group delays restructuring close due to investigation

26 November 2018

Noble Group has delayed the closing date for its debt restructuring, almost a week after the Singapore authorities launched an investigation into the commodities trader.