Many of Europe’s and America’s biggest banks have begun begging, cap in hand, for a new, innovative way of raising vast sums of dirt-cheap debt on Europe’s financial markets.… Read More Is that the Smell of Desperation Hanging Over Europe’s Banking System?
A hot new bail-in-able debt cooked up by France’s elite corps of financial engineers … Read More Biggest EU Banks Embark on the Mother of All Debt Binges
To cover a capital shortfall of €50 billion. TBTF banks in Europe are facing regulatory pressure to issue increasingly more so-called “bail-in-able” debt. Investors don’t like this kind of debt and demand higher yields. So this debt is expensive for banks. But as the pressure rises, we are likely to see a surge in issuance… Read More France Comes up with a Real Jewel to Prop up its 4 TBTF Banks