Posts tagged 'bail in'

Bondholder Hypo-thermia, in Austria

These are some mountains in Carinthia, Austria. Bucolic.

That, meanwhile, is the logo of Hypo Alpe Adria, a regional lender rescued by the Austrian government in 2009, and which has now sprung another, €800m black hole… and it is just possible that the name is going to be as memorable as Amagerbanken or SNS Reaal for European banks’ bondholders. Potentially it may be a less than bucolic precedent for sovereign debt, too. Read more

Is it cool to be a Sifi?

On Friday, the Financial Stability Board published the provisional list of global systemically important financial institutions (G-Sifis).

This had been widely trailed but we’re still wrestling with a tricky question: Read more

The popping of Southsea

This piece of news slipped most of the world by…

A court order has been made to place Southsea Mortgage and Investment Company into the Bank Insolvency Procedure and appoint BDO LLP as the bank liquidator. Find out what this means for Southsea’s customers. Read more

Moody’s on Her Majesty’s bail-in

No fewer than fourteen UK banks and building societies placed on review for downgrade by Moody’s on Tuesday — plus negative outlooks for Barclays and HSBC:

Bank of Ireland (UK) plc (Baa3/P-3); Co-Operative Bank plc (A2/P-1); Coventry Building Society (A3); Lloyds TSB Bank plc (Aa3); Nationwide Building Society (Aa3/P-1); Newcastle Building Society (Baa2/P-2); Norwich & Peterborough Building Society (Baa2/ P-2); Nottingham Building Society (A3); Principality Building Society (Baa2/P-2); Royal Bank of Scotland plc (Aa3); Santander UK plc (Aa3); Skipton Building Society (Baa1/P-2); West Bromwich Building Society (Baa3/P-3); Yorkshire Building Society (Baa1/P-2).

 Read more

The end of the taxpayer put

Even more on the corporate vs sovereign credit theme, this time from a banking perspective.

RBS has been looking at Commerzbank and its CDS since the EU bail-in proposals were unveiled last week. Read more