Bloomberg Business

CLO Market Set for $20 Billion Reset Spree in Sign of Thawing

A type of refinancing transaction is becoming more popular in the $1.3 trillion market for collateralized loan obligations, a sign the industry is healing as concerns over surging inflation and a potential recession abate.

Deutsche Bank Defeats Warburg in $69 Million Clash Over Cum-Ex

Deutsche Bank AG defeated a final attempt by M.M. Warburg & Co. to make it pay a €63 million ($69 million) tax bill linked to the sprawling Cum-Ex scandal that’s ensnared some of the world’s biggest financial firms.

Bond Vigilantes Are Calling the Shots in Emerging Markets

It didn’t take Nigerian President Bola Tinubu long to comprehend his situation. With the country’s stash of hard currency dwindling, investors, not policy makers, were in command. So on his second week in office, he gave them what they wanted, sacking the central bank chief and devaluing the currency.

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