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AllianceBernstein to sue Switzerland over $17 billion Credit Suisse debt wipeout, FT reports

Global Banking & Finance

asset manager AllianceBernstein is preparing to sue Switzerland for $225 million over the decision to wipe out $17 billion of debt when the country’s government orchestrated the takeover of Credit Suisse by rival UBS last year, the Financial Times reported on Tuesday. (Reuters) – U.S.

Debt 52
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UBS and Swiss government sign Loss Protection Agreement

The TRADE

The Swiss government has signed a Loss Protection Agreement (LPA) with UBS, which is set to come into effect following the completion of its acquisition of Credit Suisse. The LPA will remain in effect until either all assets covered by the guarantee are realised, or until terminated by UBS the businesses confirmed in a statement today.

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SIX launches new data offering for global fixed income markets

The TRADE

The solution, called SIX Fixed Income Data, is designed to provide banks, asset managers, wealth managers and hedge funds globally with reliable fixed income data, based off an array of information sourced from global markets. The provider has said that the offering will give clients access to data for 3.6

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How Merchant Banks Help Businesses Grow and Succeed

Razorpay

Example of Merchant Banking In 2021, merchant bank Avendus Capital helped the Indian company Piramal Enterprises acquire the debt-ridden assets of Dewan Housing Finance Corporation (DHFL) for ₹34,250 crore ($4.4 They help companies to raise capital in the form of debt or equity. What services do merchant banks offer?

Banking 52
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Fixed Income Research: The Overlooked Younger Brother of Equity Research?

Mergers and Inquisitions

Partially, it’s an issue of accessibility: Everyone understands what happens to the stock price if a company beats earnings… …but few people understand what it means if a company is set to violate a debt covenant on page 214 of its credit agreement. the appropriate debt vs. equity mix, and additional capital needs over the next few quarters.

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The TRADE predictions series 2024: Fixed income, a look at central bank policy

The TRADE

RBC BlueBay Asset Management The market is already pricing in rate cuts in Q1 although I, along with many others, don’t believe they will begin before the end of H1. Convertible bonds will also provide cheaper financing options to those companies with other types of debt coming due which will lead to greater primary issuance.

Trading 64
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Event-Driven Hedge Funds: The Best Home for Bankers Turned Investors?

Mergers and Inquisitions

Event-Driven Hedge Funds Definition: Event-driven hedge funds bet on specific corporate actions, such as M&A deals, divestitures, spin-offs, bankruptcies, and business reorganizations, and they profit based on changes in the value of a company’s debt or equity after the action.

Funds 64