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Thursday, 23 November 2017

Markets

Popular bondholders object to Deloitte appointment

IFR 2209 11 November to 17 November 2017

Lawyers to junior bondholders of Banco Popular, which was sold to Santander for €1 after being put into resolution in June, have written to the European Union’s Single Resolution Board to voice concern that Deloitte, which provided the valuation of the lender prior to its failure, has a conflict of interest.

Coach and Glencore to delist from Hong Kong

IFR 2208 4 November to 10 November 2017

Luxury brand Coach, now known as Tapestry, and commodities trader and miner Glencore said last week they had applied to delist from the Hong Kong stock exchange, dealing a blow to the financial centre as it seeks to attract international companies.

Bitcoin sign

CME plans bitcoin futures

01 November 2017

CME Group plans to launch bitcoin futures before the end of this year, offering investors a new way to gain exposure to the sought-after cryptocurrency that has jumped six-fold since the start of the year.

EU flags fly in front of the ECB headquarters in Frankfurt

ECB warily eases up on QE

IFR 2207 28 October to 3 November 2017

The European Central Bank took a step towards weaning the eurozone off loose money on Thursday but promised years of stimulus and even left the door open to backtracking. It said it would halve the size of its bond purchases from January but also extend the buying programme until the end of next September.

Plenty in market want Libor to stay: survey

25 October 2017

There is plenty of demand for Libor to continue or remain alongside an alternative reference rate, according to a new survey Wednesday from Bank of America Merrill Lynch seen by IFR.

A man uses a cash dispenser at a Santander branch next to a Banco Popular branch in Madrid

Banco Popular investors denied access to resolution documents

20 October 2017

Former investors in Banco Popular, the Spanish bank bought by Santander for €1 after a dramatic resolution in June, have had their attempts to obtain documents blocked by the European authorities and are considering their next steps in seeking compensation.

Logo of fixed-income liquidity facilitator Algomi

BNY Mellon and HSBC join Algomi to spur corporate bond liquidity

17 October 2017

BNY Mellon and HSBC are partnering with bond trading technology provider Algomi to expand corporate bond trading opportunities for their custody clients and the wider market.