Global bank bonds claw back losses as markets rout eases
An uneasy calm descended across battered bank bonds and shares on Tuesday, with prices recovering a day after regulators sought to convince investors that...
Switzerland’s secretive Credit Suisse rescue rocks global finance
Days before a hastily convened press conference late on Sunday that would make the world's front pages, Switzerland's political elite were secretly preparing a...
World markets set for relief after Credit Suisse buyout, central banks action
Financial markets were poised for relief on Monday after UBS Group AG (UBSG.S) agreed to buy Credit Suisse Group AG (CSGN.S) in a rescue orchestrated by the state, while...
China fines Deloitte $31 mln for auditing negligence
China has fined auditing firm Deloitte 211.9 million yuan ($30.8 million) for failing to perform its duty in assessing the asset quality of China...
Ghana and Zambia’s debt restructurings going in “diverging directions” – Citi
Debt restructuring programmes in Ghana and Zambia are going in "diverging directions" due to Zambia's larger exposure to Chinese lenders and its weaker ability...
