Asset managers snap up coco bank debt

Demand confounds expectations for relatively untested asset class

Editor’s choice

The hunt is on for private equity deals in far-flung emerging markets, writes Tom Stabile
An illuminated euro sign is seen in front of the headquarters of the European Central Bank (ECB) in the late evening in Frankfurt January 8, 2013. The cost of living in the euro zone rose more than expected in December but remained benign enough to allow a possible cut in interest rates in 2013 to support the bloc's feeble economy. The ECB's Governing Council meets on Jan. 10, with policymakers appearing unwilling to countenance a rate cut so early in the year. REUTERS/Kai Pfaffenbach (GERMANY - Tags: BUSINESS POLITICS) - RTR3C7Z9 ©Reuters
Humdrum mechanism could mitigate risk of securitising EU banks’ SME lending, says John Dizard

China Resources ‘mistress’ link tracked

Bank deals follow career of chairman’s alleged lover

Deutsche Bank rights issue back on table

Lender forced to consider ‘plan B’ after capital ratio trails its rivals

Fed on course for further $10bn taper

Expected slowdown in asset purchases driven by recovery

Ardian raises $9bn to buy bank assets

Fund manager targets deals with lenders under regulatory pressure

Huge demand for Numericable’s junk bond

Bankers report order book of more than $100bn for $21bn issue

‘Croci’ pushes limits of value investing

It is not a cheap approach, but the strategy has paid off in Europe and the US

Google logo is seen on a wall at the entrance of the Google offices in Brussels on February 5 2014
©AFP/Getty Images

Activist urges ‘fix’ for Silicon Valley

Criticism of corporate governance grows amid warnings of bubble

Citi 2013 pay awards backed by investors

Support comes after shareholder rebuke two years ago

Cable warns FTSE 100 groups over pay

UK business secretary writes to chairmen of top companies


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