Bigger than the FOMC today, I reckon: BofA is shorting European private credit. They see up to 30% downside, this market could get ugly fast. Watch this!
Old enough to remember a meeting with Bear Stearns late 2006 in which they pitched collateralized fund obligation.
I kept a cool pen though.
https://t.co/PHSWx9y39X
Junk bond spreads leaping in the public markets means lots of conversations behind closed doors in the opaque private credit world.
https://t.co/Gc0zmFYl18 via @ft
One for the wonks maybe, but if your life might bring you in contact with an ISDA close-out (sincerely hope not, but if so, naturally happy to help), the sneaky IB counter-hedge strat discussed by our @simonhart6 and @__Jake_Hardy here is worth a watch.
https://t.co/fFYBk93C1N
Maybe you��ve seen the crazy price action on Close Brothers last Friday or heard about the Hopcraft appeal court ruling and its impact for UK banks.
What is it about?
I’ll try to explain why it’s important but not Armageddon.
One week to go until the 3VB Banking Litigation Forum 2024 – Cross-Border Banking Litigation.
We are honoured to have William Mason, Director General of the Guernsey Financial Services Commission (GFSC), as our keynote speaker.
Read more and RSVP here: https://t.co/RPYO2lrC8l
One for the lawyers. Stern message sent by CoA for those seeking to set aside WWFOs for non-disclosure. WWFO set aside for lack of sufficient connection to the UK and non-disclosure, but CoA (Males LJ, Coulson LJ and Flaux C) all concurring that practices must change re latter.