We view the systemic French group Credit Agricole as a good candidate to take exposure to the Additional Tier1 universe. We suggest specific bond structures in GBP, USD and Euro...
Read MoreWe view the systemic French group Credit Agricole as a good candidate to take exposure to the Additional Tier1 universe. We suggest specific bond structures in GBP, USD and Euro...
Read MorePositive fundamental backdrop for the banking sector leads us to recommend exposure to attractive Additional Tier 1 from systemic banks. It is worth highlighting the Libor transition and specific structural...
Read MoreEconomies: United States US employers added 4.8 million jobs in June and the unemployment rate fell to 11.1 per cent. However, the report pre-dated a new surge in coronavirus cases which prompted...
Read MoreEconomies: United States The Atlanta Fed’s GDPNow model estimates a 39.5% contraction in the second quarter although recent economic reports suggest a recovery is underway. Retail sales jumped a record 17.7 per...
Read MoreMoving into 2020, there is now less than two years to go until the grandfathering period for banks’ legacy Tier 1 bonds ends. Not all legacy Tier 1 bonds are...
Read MoreEconomies: United States The number of new jobless claims since the start of the pandemic passed 40 million in the last week of May, although continuing claims, which represents the current number...
Read MoreEconomies: United States Jobless claims increased by another 3.8 million in the week ending 25 April, bringing the total to more than 30 million since the start of the lockdown. The staggering...
Read MoreEconomies: United States US jobless claims surged to a record 3.3 million in the week ending 21 March as residents in many of the country’s most populous states were ordered to stay...
Read MoreEconomies: United States The US economy added 225,000 jobs in January, according to the non-farm payrolls report, well ahead of analysts’ forecasts. The unemployment rate nudged higher to 3.6% as the participation...
Read MoreEconomies: United States The US economy grew at an annualised rate of 2.1% in the fourth quarter. For 2019 as a whole, the economy expanded 2.3%, down from 2.8% a year earlier...
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