Leader

  • US banks: overvexed, overpaid and over here

    US banks: overvexed, overpaid and over here

    In the film 'Annie Hall', Woody Allen recounts two diners’ experience at a restaurant. “One of them says: ‘Boy, the food at this place is really terrible.’ The other one says: ‘Yeah, I know; and such small portions.’”

  • New restructuring law is a step forward

    New restructuring law is a step forward

    Commercial landlords in the UK are angry about gym chain Virgin Active’s restructuring plan, and with good reason. Many of them have lost out heavily, while senior secured creditors got away with little more than an amend and extend.

  • The UK shouldn’t chase Spacs

    The UK shouldn’t chase Spacs

    The Financial Conduct Authority’s plan to look at helping US-style special purpose acquisition companies list in London smacks of short-termism. Even in the US, the epicentre of the Spac craze, there is a growing clamour for the Securities and Exchange Commission to toughen listing rules.

  • Ignorance is bliss

    Ignorance is bliss

    “What gets measured gets managed,” goes an old saw popular in sustainable finance circles. If companies, investors and banks, the argument says, collect better environmental and social data, this knowledge will naturally breed improvements in performance.

  • Who’s the banker in the black?

    Who’s the banker in the black?

    Let history show that even though no one even kicked a ball in the European Super League, it still had a winner: JP Morgan.

  • No such thing as a temporary safe asset

    If the European Union wants its bonds to be considered the true eurozone safe asset, then it’s going to have to start acting like it means to stick around.

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