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Monday, 19 August 2019

Regulation

A 1Malaysia Development Berhad (1MDB) billboard

Malaysian court postpones Najib's 1MDB trial

19 August 2019

(Reuters) A Malaysian court on Monday postponed for a week the biggest of five trials linked to a multi-billion dollar scam at state fund 1MDB and allegedly involving former prime minister Najib Razak.

Bankia

Wolf in sheep's clothing: risks lurk in bank senior preferreds

15 August 2019

Banks are counting billions of senior preferred debt as part of their loss-absorbing stacks, a practice allowed by regulators but which threatens to blur lines in the case of a resolution.

China Securities Regulatory Commission

CSRC to review China Securities’ Rmb13bn private placement plan

13 August 2019

The China Securities Regulatory Commission has agreed to review a Rmb13bn (US$1.84bn) private placement offering from China Securities.

China's CIC in talks over Henfeng Bank rescue

China's CIC in talks over Henfeng Bank rescue

12 August 2019

China’s sovereign wealth fund is in talks about acquiring a stake in Hengfeng Bank, paving the way for the third state-backed rescue of a troubled lender in as many months.

Burford fights Muddy Waters 'short attack'

IFR 2296 10 August to 23 August 2019

Muddy Waters’ devastating research into questionable valuations at litigation funder Burford Capital sent its shares crashing 60% and could have significant repercussions for the AIM-listed company’s two largest shareholders, Invesco and Woodford.