Thursday, 21 February 2019

Top News

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  • ANZ boosts sustainable finance team with two hires

    Australia & New Zealand Banking Group has strengthened its sustainable finance team with two new hires in Australia, the bank announced last Wednesday.

  • Credit Suisse ekes out small Q4 profit in Asia

    Credit Suisse eked out a small profit for the fourth quarter in Asia as the deterioration in the macro environment towards the end of last year weighed on its results.

  • Some of China's bad-debt managers go bad, too

    Chinese bad-debt managers, on whom Beijing counts to defuse financial risks, are in danger of becoming bad credits themselves as the leverage crackdown that fuelled their growth now threatens their own access to funding.

  • National Australia Bank: Fitch lowers outlook

    Fitch has revised the outlook on National Australia Bank’s long-term issuer default rating to negative from stable following the publication of the Royal Commission report earlier this month, which led to the resignation of the Australian bank’s chief executive and chairman.

  • Royal pardon for Aussie banks

    Royal pardon for Aussie banks

    Australia’s senior bankers mostly breathed sighs of relief after the Royal Commission into banking industry misconduct failed to recommend sweeping changes in its final report on February 4, although pointed criticism of the chairman and chief executive of National Australia Bank led both men to quit.

  • NAB passes post-Commission tests

    NAB passes post-Commission tests

    National Australia Bank wasted little time after the publication of the damming Royal Commission report into banking misconduct to test investor appetite for its paper.

  • India's Axis scores rare success

    India's Axis scores rare success

    A successful follow-on in India’s Axis Bank last week provided some relief to the country’s equity capital market after a run of weak deals, even though retail investors still stayed away.

  • GM prints modest Kangaroo debut

    GM prints modest Kangaroo debut

    General Motors Financial (Baa3/BBB/BBB), the wholly owned captive finance subsidiary of GM, has reopened the corporate Kangaroo market, but with a whimper rather than a bang as neither pricing nor size are likely to trigger a rush of copycat US issuance.

  • RBI delivers pre-election boost

    RBI delivers pre-election boost

    India’s central bank cut interest rates and relaxed restrictions on debt investments on February 7, handing a surprise boost to the rupee bond market in the run-up to this year’s general election.

  • Huiyuan Juice leaves sour taste

    Huiyuan Juice leaves sour taste

    Nearly a year after convincing lenders to waive covenant breaches, China Huiyuan Juice Group is once again sounding the alarm over loans to China’s private sector with its failure to repay a HK$1bn (US$128m) convertible bond that came due last month.