SOVEREIGN DEBT RESTRUCTURING | MASTERCLASS

A deep dive masterclass on sovereign debt restructuring, to be conducted virtually by Asian high yield bond expert Florian Schmidt.

30 June 2022 (Thu), 5pm Singapore/HK time

Barclays Delays Share Buyback after $591mn Hit

Barclays Delays Share Buyback after $591mn Hit

Barclays has delayed its planned share buyback after an expected  £450mn ($591mn) arising out of an error while issuing securities. Barclays mistakenly issued ~$15bn more structured notes and exchange traded notes (ETNs) from the time it did a shelf registration for...
US Banks Face 75% Revenue Hit from IPO Drought

US Banks Face 75% Revenue Hit from IPO Drought

US investments banks are hit by an IPO slowdown as equity capital markets (ECM) revenues have been impacted. Big investment banks such as Goldman Sachs, Citigroup, BofA and Morgan Stanley have seen ECM fees sharply drop to $645mn vs. $5.3bn for the same period in...
FAB, ADCB Deny Rumors of a Merger

FAB, ADCB Deny Rumors of a Merger

First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB) strongly denied reports that they were in talks to merge their companies. Both the bank said that the report was “unsubstantiated” and “false”. ADCB said that it “categorically denies the false content of...
Westpac Invites Bids for Wealth Management Unit

Westpac Invites Bids for Wealth Management Unit

Australian lender Westpac has invited bids for its wealth management unit BT Panorama, worth ~AUD 1.5bn ($1.1bn) as per sources. Indicative offers are expected at the end of April. Westpac is following a strategy to narrow its focus by exiting wealth, pensions, life...
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