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Category: Fintech and Finance

Shadow banking poses challenges for global financial markets in coronavirus crisis – DBRS Morningstar

Opalesque Industry Update - Ongoing disruptions in the global financial markets have refocused attention on nonbank financial intermediaries (FIs) and shadow banking. These nonbank FIs are important, especially now. Shadow banking assets now represent more

Raymond James hires European investment banking co-head from Jefferies

Bertie will work alongside current head of European investment banking and chief operating officer Steve Hufford

Private equity firm sees a ‘phenomenal time’ to do deals

Centana Growth Partners is going ahead with its planned investment in a fintech company, but has revised the underwriting of the deal in light of changed conditions

Coronavirus lockdown: Massive surge in the use of fintech apps

Opalesque Industry Update - Coronavirus-triggered social distancing, isolation and lockdowns have driven-up the use of financial apps in Europe by 72 per cent in a week, reveals deVere Group, an independent financial advisory organisations. The

Moody’s downgrades banks as Europe heads towards recession

The outlooks for the Belgian, Danish, Dutch, French, Italian and Spanish banking systems are now negative

Coronavirus derails Europe’s market for bad loans

Fall of European economies could leave investors with overvalued assets and banks struggling with a pile of bad debt

Public versus Private Equity

Posted by René M. Stulz (Ohio State University), on Monday, March 23, 2020 Editor's Note: René M. Stulz is the Everett D. Reese Chair of Banking and Monetary Economics at the Fisher College of Business

The 2008 crisis and Covid-19: a false comparison

Central banks cannot play the same role they did in 2008 because they are addressing the financial repercussions of a shock to the real economy

Central banks and coronavirus: When ‘whatever it takes’ isn’t enough

Unless we get a meaningful fiscal response to the coronavirus crisis, we should be prepared for a steady slide into recession — or worse

SWFI releases global asset owner survey for March 2020

Opalesque Industry Update - SWFI's latest survey data for Q1 2020 has been compiled and is ready for release. SWFI secured business intelligence from CIO's, Strategists, Economists, and Portfolio Managers from central banks, sovereign wealth

Asian banks get ahead of Libor transition with switch doc, RFR templates

A possible delay to the final retirement of Libor as the benchmark lending rate on dollar loans is set to offer banks and borrowers a bit more breathing room to make the transition. But in

China regulates online micro loan market

The Chinese central bank and the banking and insurance regulator plan to increase oversight on the booming domestic online micro-lending market, in a bid to curb risks in the sector. The two are also among

Glencore Agri taps Asia for $300m loan

Commodity trading company Glencore Agriculture is tapping the Asian loan market liquidity. It has invited banks to join a $300m borrowing.

Appraisal and Merger Synergies—Right to a Refund on Prepayments

Posted by Gail Weinstein, Brian T. Mangino, and Amber Banks (Meek), Fried, Frank, Harris, Shriver & Jacobson LLP, on Tuesday, March 10, 2020 Editor's Note: Gail Weinstein is senior counsel, and Brian T. Mangino and Amber Banks

SMBC’s covered feat shows it’s time for tougher trades

Covered bond issuers were urged to do their toughest covered bond trades in the wake of an outstanding result on Thursday for Sumitomo Mitsui Banking Corporation, which attracted a deeper and broader range of higher

SMBC set to issue its first negative yielding covered bond

Sumitomo Mitsui Banking Corporation sent a positive signal to hesitant Asian covered bond issuers on Thursday when it was set to price its first negative yielding covered bond, attracting a deeper and broader scale of

OCBC makes rare dollar outing for bank capital trade

Singapore’s Oversea-Chinese Banking Corp (OCBC) raised $1bn from a tier two subordinated note on Wednesday that was priced at a new low.

Cheng Loong attracts six to $130m capex loan

Taiwan’s Cheng Loong Corp, a paper maker, has closed syndication of a $130m borrowing with nine banks.

China markets round-up: Local governments asked to recapitalise smaller banks, Bond Connect celebrates three-year anniversary, Luckin fails to ouster chairman

In this round-up, local governments are encouraged to use debt raised to improve smaller lenders’ capital ratio, the Bond Connect scheme launched three years ago helps foreign holding in Chinese bonds to top Rmb2.6tr, and

Country Garden launches $1.5bn refi

Country Garden has launched a $1.5bn-equivalent loan into general syndication after mandating a group of nine banks.

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