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Investors in the US$250 billion-odd market for AT1 notes may shun new offerings after the Credit Suisse debacle. Banks could be forced to turn to costlier funding avenues, analysts at Fitch and Moody’s said. Source link
Read More »Credit Suisse and UBS among banks facing US Russia-sanctions investigation
The Department of Justice (DOJ) is looking into whether the banks helped Russian oligarchs evade sanctions, Bloomberg News reported. Source link
Read More »UBS agrees to buy Credit Suisse for US$2 billion: reports
Financial Times said shareholders would get 0.50 Swiss francs (US$0.54) per share, with the deal to be done on Sunday before the markets open in Asia. Source link
Read More »UBS seeks US$6 billion in government guarantees for Credit Suisse takeover
The US$6 billion in government guarantees UBS is seeking would cover the cost of winding down parts of Credit Suisse and potential litigation charges, sources said. Source link
Read More »China property woes, US rate rises sink Asian foreign-currency bond supply
An absence of offerings from Chinese developers and rising US interest rates sank bond issuances in the first half of the year to the lowest level since 2018, with little to no recovery in sight. Source link
Read More »China’s car, internet and property sectors poised for second-half rebound
The positive outlook reflects the current pace of recovery in those industries, as China braces for its lowest quarterly growth rate in more than two years this week. Source link
Read More »Hong Kong still an IPO magnet for global firms, China start-ups: UBS banker
Hong Kong can still create wider room for more stock offerings from global companies and start-ups in Greater Bay Area, according to John Lee, head of Greater China global banking at UBS. Source link
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