European Union stress test models haven’t fully reflected the riskiness of European sovereign debt, New York University economists have found. Click here to continue reading.
Here’s our page 1 for the newsletter this week: Banks trying to meet stricter Basel rules on capital holdings are moving structured note sales off their balance sheets. Also inside the full version: why South Korea is displacing Hong Kong and Singapore as an Asian leader in note sales, and details from an SEC letter [...]
The deteriorating finances of the largest leveraged buyout in history is exposing the increasingly diverging interests of its private-equity owners led by KKR & C0. and TPG Capital and the secured lenders who helped finance the $48 billion deal in 2007. Click here to continue reading
Issuance of CLO s in the U.S. this year could reach $75 billion to $100 billion, rivaling the $91.1 billion record-high set in 2007, according to asset managers and arrangers who spoke at Bloomberg Brief’s CLO Webinar. Click Here for More
by Jason M. Brocks , Legal Analyst, Bloomberg Law Pharmaceutical companies may begin to rethink their pipeline and marketing strategies in light of the U.S. District Court’s highly technical analysis of the language of the Medicare law. The court’s opinion resulted in a denial of reimbursement to a Medicare Part D beneficiary for a drug [...]
Proponents of global coordination on benchmark rate-setting rules say varying proposals on their composition, governance and supervision may convince some companies to do business in less-regulated countries. Click here to continue reading.
ETFs focused on Italy reported last week the largest outflows since the beginning of 2012, right before the parliamentary elections on Feb. 24-25
This podcast was recorded at 2pm EST on Feb 21. Click here to listen