More More Nine Polish Banks Are in Advanced Talks on Swiss Loans, PKO Says This content was published on Mar 5, 2021 Mar 5, 2021 (Bloomberg) -- Nine Polish banks are coalescing around a proposal for out-of-court settlements with holders of Swiss franc mortgages, according to...
More More UBS Expects Pandemic to Boost Bank M&A in Europe and the U.S. This content was published on Mar 5, 2021 Mar 5, 2021 (Bloomberg) -- UBS Group AG expects the coronavirus pandemic to further boost consolidation in the banking sector amid increasing threats from low...
More More Credit Suisse to Wind Down Frozen Greensill-Linked Funds This content was published on Mar 5, 2021 Mar 5, 2021 (Bloomberg) -- Credit Suisse Group AG plans to wind down a $10 billion group of supply chain finance funds linked to financier Lex Greensill that...
More More Dip Buyers Fuel Stock Rebound; Treasuries Steady: Markets Wrap This content was published on Mar 5, 2021 Mar 5, 2021 (Bloomberg) -- Dip buyers drove a rebound in stocks after an earlier bout of selling pushed the Nasdaq 100 down 10% from a record. All major...
More More U.S. Weighs Sanctions Against Lebanon Central Bank Chief This content was published on Mar 5, 2021 Mar 5, 2021 (Bloomberg) -- The U.S. is considering sanctions against Lebanon’s long-serving central bank chief as a broader investigation into the alleged...
More More Greensill’s Overnight Downfall Was Many Months in Making This content was published on Mar 4, 2021 Mar 4, 2021 (Bloomberg) -- From the outside, 2020 was bringing validation to the idea behind Lex Greensill’s financial empire. His eponymous firm was seeking...
More More Greensill’s Swift Fall Was Triggered by Insurer Who Balked This content was published on Mar 3, 2021 Mar 3, 2021 (Bloomberg) -- The seeds for the rapid disintegration of Lex Greensill’s empire were sown eight months ago, when a little-known Australian insurer...
More More Credit Suisse’s Greensill Mess Spoils Restart for CEO Gottstein This content was published on Mar 3, 2021 Mar 3, 2021 (Bloomberg) -- The rapid unraveling of Lex Greensill’s trade finance empire is leaving one of his biggest backers with some unpalatable choices.
More More European Stocks Steady as U.K. Budget Winners Boost FTSE 100 This content was published on Mar 3, 2021 Mar 3, 2021 (Bloomberg) -- European equities were little changed as investors rotated into cyclicals and out of defensive shares, while some U.K. firms and...
More More UBS Seeks to Raise Stake in China Joint Venture to 67% This content was published on Mar 3, 2021 Mar 3, 2021 (Bloomberg) -- UBS Group AG plans to deepen its control over its Chinese securities unit as two of its partners in the venture are seeking to sell...
More More European Stocks Advance a Second Day as Investors Return to Risk This content was published on Mar 2, 2021 Mar 2, 2021 (Bloomberg) -- European equities extended Monday’s rebound as investors shifted their focus to rapid vaccination efforts and optimism about an...
More More Bankers Who Pioneered Negative Retail Rates Hit a Milestone This content was published on Mar 3, 2021 Mar 3, 2021 (Bloomberg) -- They may still be feared by bankers elsewhere, but negative retail deposit rates have now gone mainstream in Denmark.
More More Greensill Starts U.K. Insolvency Process as Talks Continue This content was published on Mar 3, 2021 Mar 3, 2021 (Bloomberg) -- Greensill Capital is in the process of filing for insolvency in the U.K. after a swift crisis of confidence deprived it of major...
More More Greensill Crisis of Confidence Worsens as GAM Winds Down Fund This content was published on Mar 2, 2021 Mar 2, 2021 (Bloomberg) -- Greensill Capital lost another longtime ally after GAM Holding AG said it’s ending dealings with the firm, further increasing...
More More BlackRock Warns of Whipsawed Emerging Markets After Taper Scare This content was published on Mar 2, 2021 Mar 2, 2021 (Bloomberg) -- There’s no immediate end in sight for bond investors getting tugged between risk-on rallies and selloffs that rekindled nightmares...
More More Greensill Loses Confidence of Backers SoftBank, Credit Suisse This content was published on Mar 2, 2021 Mar 2, 2021 (Bloomberg) -- Lex Greensill’s ambitious plan to transform his arcane trade-finance business into a global lending force is rapidly falling apart.
More More Greensill Discussing Insolvency After Credit Suisse Freeze This content was published on Mar 2, 2021 Mar 2, 2021 (Bloomberg) -- Greensill Capital is considering filing for insolvency after Credit Suisse Group AG froze $10 billion worth of investment funds that...
More More SoftBank Said to Write Down $1.5 Billion Greensill Holding This content was published on Mar 1, 2021 Mar 1, 2021 (Bloomberg) -- SoftBank Group Corp.’s Vision Fund has substantially written down its $1.5 billion holding in Greensill Capital, and is considering...
More More Greensill Supply Chain Empire Unravels as Backers Show Doubt This content was published on Mar 1, 2021 Mar 1, 2021 (Bloomberg) -- Lex Greensill’s multi-billion dollar empire was left reeling after it lost a key source of funding and his biggest backer signaled...
More More Credit Suisse Suspends Supply Chain Finance Funds Over Valuation This content was published on Mar 1, 2021 Mar 1, 2021 (Bloomberg) -- Credit Suisse Group AG suspended redemptions from and subscriptions to a group of supply chain finance funds that invests in...