Recent Posts

Credit Suisse disputes fees shown in Kroll Mozambique review

Bloomberg Credit Suisse Group AG, which helped arrange the majority of the $2 billion in Mozambique state-backed loans that plunged the country’s economy into crisis, disputed that it received more than $160 million in fees for arranging the financing. The bank was responding to Kroll LLC’s audit report into the loans that said it and Russia’s VTB Bank PJSC were ...

Read More »

Dutch to sell $1.7bn ABN Amro stake post share rally

Bloomberg The Dutch state will sell an additional 7 percent of ABN Amro Group NV, a stake worth about $1.7 billion at current prices, taking advantage of steady demand for European bank stocks as it progresses toward full privatization. About 65 million shares will be sold in an accelerated bookbuild, bringing the government’s controlling stake down to 63 percent, NLFI, ...

Read More »

Inflation signals give Draghi little respite on path to QE exit

Bloomberg Another month of inflation data, and Mario Draghi still doesn’t have a definitive sign that the European Central Bank can consider ending its monetary stimulus. Consumer-price growth weakened in June even as the core rate picked up, backing the ECB president’s call for persistence with loose policy and prudence in signaling its withdrawal. At the same time, the figures ...

Read More »
Send this to a friend