Mahmoud Fatouh and Ioana Neamțu Similar to the Deutsche Bank’s episode in 2016 and the Covid stress in 2020, AT1 spreads over subordinated debt rose rapidly and sharply following the Credit Swiss rescue deal. Beyond these three cases, AT1 spreads have been stable. In this post, we focus on conversion risk of AT1 bonds (also … Continue reading Convertible or not: making sense of stresses in AT1 bonds market
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Not for the first time, Starmer and Labour claim local elections will affect national policies Keir Starmer has suffered the indignity of corrective action by Twitter after he posted a claim that votes in the local elections next month will affect the NHS. Starmer claimed that voting for Labour would lead to ‘an NHS that […]