Banks retreat from the lucrative but risky business of backing debt-heavy buyouts. Source: Wall Street Journal Banks are increasingly turning down companies seeking financing to pay for debt-laden takeovers after the recent market rout left them saddled with debt from earlier deals. Credit Suisse Group, Jefferies Group and Wells Fargo are among the firms turning down…
The European Central Bank surprised investors last week with announcement that it will start buying corporate bonds. It certainly is an unprecedented central-bank stimulus measure what leaves more questions than answers at this point in time. Source: Wall Street Journal The European Central Bank’s announcement that it will start buying corporate bonds continued to boost credit…
Strong economic signals from US high yield market. Source: Wall Street Journal The riskiest part of the U.S. corporate-bond market is staging a comeback, marking an upswing in investor confidence following a turbulent start to the year. Returns on junk bonds, debt issued by heavily indebted companies that carry low credit ratings, turned positive for 2016…
Canadian FinTech set to sore in coming years. Source: Financial Post TORONTO • Canadian adoption rates of financial services products developed by non-bank online firms, which operate under the umbrella of fintech, could triple in a year, according to a report Thursday from EY. The consulting firm framed the results as a heads-up to banks, whose…
Very interesting new development at JP Morgan applying FinTech solutions to debt capital markets. Source: Wall Street Journal The largest U.S. bank by assets is expected to detail its technology spending strategy throughout different presentations from Chief Executive James Dimon and his top lieutenants. Actions range from new spending on fintech to cutting costs on technology…
Riskiest corporate bonds in Canada may need better access to investors Source: Globe and Mail The Canadian market for the riskiest corporate bonds is disappearing. Sales of high-yield bonds issued in the Canadian currency have slowed to just one $250-million offering this year, compared with seven issues totaling $1.45-billion through the same period in 2014, according to…
With trading volumes for US corporate bonds up
