UK interest rates have risen so much, that obscure options buried in local authority loan contracts are about to be triggered for the first time
Continue reading..UK interest rates have risen so much, that obscure options buried in local authority loan contracts are about to be triggered for the first time
Continue reading..BP’s pension scheme was once a leading stakeholder in UK companies, but now it’s been ‘de-risked’ and may soon be hived off to an insurer. The story encapsulates the slow decline of Britain’s private sector defined benefit pension system.
Continue reading..Six months ago we warned about held-to-maturity bond losses at US banks, but now the giants that hedged the risk are hoovering up depositors while unhedged regional banks are in crisis
Continue reading..The Covid-19 pandemic is driving bond yields to record lows. Meanwhile, the exposure of large US banks to falling rates has been amplified by regulatory changes and ballooning securities portfolios.
Continue reading..Stubbornly low bond yields have prompted a flurry of new corporate borrowing this year. A new Risky Finance tool tracks this activity.
Continue reading..Dozens of UK councils are paying a significant proportion of tax revenues in debt interest payments, and the burden is worsened by record low interest rates
Continue reading..When I was in my twenties, I worked on a film being shot on location in the London borough of Newham. The film itself, which starred Jude Law and Sadie Frost, was forgettable, but one memory that stayed with me was the all-pervading smell of refined sugar from the nearby Tate & Lyle factory by…
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The bank may look profitable to shareholders, but ...
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