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.
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 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.
The US Federal Reserve said US financial stability risks are moderate but expressed concerns about leveraged lending and increasing company debt loads.
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.
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 has delayed the closing date for its debt restructuring, almost a week after the Singapore authorities launched an investigation into the commodities trader.