Sky's Ian King explains why more European banks are coming under pressure as the sell-off of recent weeks resumes with no end in sight.
Shares of Deutsche Bank and Commerzbank, Germany's two largest lenders, have fallen at their worst by 13% and 8% respectively while BNP Paribas and Societe Generale, the first and third largest banks in France, have each fallen by 7% or so.
For example, the price of a five-year credit default swap on Deutsche Bank has shot up from 89.625 basis points two weeks ago to as much as 211.655 basis points. One of these is the rescue of Credit Suisse which, while impressively executed by the Swiss authorities, has introduced an addition level of uncertainty for those who invest in bonds issued by banks in particular.It has provoked fury among the holders of those bonds because, normally, shareholders rank below bondholders in the hierarchy of creditors - and, on this occasion, shareholders of Credit Suisse received at least a modest sum for their shares even as the AT1 bondholders were wiped out.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Lloyd's of London results show resilience despite Ukraine war and Hurricane IanAn increase in underlying profits despite global challenges demonstrates Lloyd's is getting better at navigating uncertain waters, Sky's Ian King writes - and its chief executive thinks higher interest rates create opportunities.
続きを読む »
The weird, retro and affordable European theme park that visitors are unlikely to forget🎢 Chubby ‘paper gobblers’, bizarre tableaux and a fairytale forest are just part of what makes Efteling unique and hugely popular 🖋️ By SophieLamTravel
続きを読む »
Gunvor Looks To Replicate European Power Trading Success In U.S. | OilPrice.comSwiss trader Gunvor expands US operations w/ power trading arm after signing LNG supply deal. CEO sees power as key for future strategy. Optimistic about power market, but warnings of stranded assets by 2030.
続きを読む »
Beyoncé Fans Opt for European Tickets as ‘Renaissance' Tour Prices Surge in USFans around the world went online looking to secure tickets to Queen Bey’s tour, and some fans may have no other choice than to swallow their pride and pay the huge costs if they want to see her show.
続きを読む »
Southgate urges England to 'break down history' in Italy to kick off European qualifiers - Football365Southgate says Italy's failure to qualify for the World Cup should act as a warning to England, who kick off their European qualification campaign in Naples on Thursday.
続きを読む »
How European entrepreneurs can live the American dream\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
続きを読む »