Netflix-Rival Viaplay’s Lenders Appoint External Advisor on Debt Worries
Lenders to Viaplay Group AB, a Swedish video streaming service, have appointed an external adviser to help with negotiations over the company’s debt burden.
Bloomberg Business
Ethiopia’s Credit Risk Ratchets Higher After Moody’s Downgrade
Ethiopia’s sovereign-risk premium has hit a record high after last week’s downgrade deeper into junk by Moody’s Investors Service.
UK Lenders Cleared in Initial Debanking Review After Farage Mess
The Financial Conduct Authority found no evidence that banks are dropping customers for their political opinions, in a preliminary review after former UK Independence Party leader Nigel Farage lost his account with Coutts.
Oil’s Ascent to $95 Is Changing Trades Across Wall Street
The non-stop rally in oil is forcing investors to rethink their bets across global markets.
Bank of Spain Raises Inflation Forecasts on Higher Oil Prices
The Bank of Spain said inflation will be faster than it had anticipated this year and next due to a pickup in oil prices that will also drag down economic expansion.
HSBC Hires Ex-Credit Suisse Bankers to Build Equities Business
HSBC Holdings Plc has made a series of hires from Credit Suisse as it looks to expand its global equities unit serving its corporate and institutional clients.
Blackstone CEO Schwarzman Says Expect the Unexpected in Volatile US Politics
Blackstone Inc. Chief Executive Officer Steve Schwarzman said the US public is not interested in older people running for president and that could throw a surprise in the 2024 elections.
London Fintech Founder Linked to Drug Kingpins Faces Belgian Money Laundering Trial
A London-based fintech owner accused of helping drug traffickers launder hundreds of millions of euros through a crypto exchange platform must be extradited to Belgium to face criminal charges, a London judge ruled.
Credit Suisse Unit Ordered to Pay Georgian Tycoon Ivanishvili $743 Million
A Credit Suisse unit has been ordered to pay billionaire Bidzina Ivanishvili reduced damages of $742.7 million by a Singapore court as it confirmed that the bank’s trust had failed to safeguard its client’s assets.
SocGen Is Now Europe’s Cheapest Banking Stock After Plunge
Societe Generale SA is now the cheapest bank in Europe by a key valuation measure, and yet there are fewer analysts who recommend buying the stock even after this week’s slump.
