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RBI rejects bids for benchmark bond in India as yields surge

Bloomberg India’s central bank rejected all bids for its benchmark bond at an auction after yields jumped on concern the regulator’s measures to support the debt market fell short of expectations. The yield on the benchmark 10-year bond rises to its highest in over five months in early trading while corporate notes had their biggest weekly loss since May. Traders ...

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Banks not finished shifting $970bn of assets out of UK

Bloomberg Big banks still had 810 billion euros ($970 billion) of capital markets-related assets to move from the UK to the European Union at the end of September, underlining the extent of the moves ahead as they adjust to operating after Brexit. International banks have agreed to shift a total of about 1.2 trillion euros of assets to European units, ...

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Ex-Commerzbank CEO plans European SPAC

Bloomberg Ex-Commerzbank AG Chief Executive Officer (CEO) Martin Blessing is planning to raise funds for a special purpose acquisition company (SPAC) targeting deals in the European financial industry. Blessing has been speaking with potential partners about listing a blank-check company in Amsterdam. He’s seeking to raise about 300 million euros ($359 million), they said. Credit Suisse Group AG is advising on ...

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