Metro Bank Teeters after Bond Sale Fails. Shares Collapsed 95% by Nick Corbishley • Sep 27, 2019 • 17 Comments Hedge-fund manager Steven Cohen and Michael Bloomberg are among those ruing the day they bought the crushed shares of the UK bank touted as a “bargain.”
Thomas Cook Collapses, up to 600,000 Travelers Stranded in Hotel & Airline Chaos, Triggers “Biggest Peacetime Repatriation in UK History” by Nick Corbishley • Sep 23, 2019 • 72 Comments Rescue deal fell through at the last moment. China’s Fosun and other shareholders are toast. Creditors get to fight over the debris.
Use of “Hidden Debt Loophole” Spreads Among Australian Corporations by Nick Corbishley • Sep 22, 2019 • 66 Comments Situation already so bad that hiding debt becomes a priority?
Interest Rate Derivatives Trading Explodes to $6.5 Trillion/Day by Nick Corbishley • Sep 19, 2019 • 19 Comments A gigantic spike in three years. The UK dominates.
Who’ll Rescue Thomas Cook, the Collapsing Vacation-Travel-Airline Giant with 21,000 Employees? by Nick Corbishley • Sep 13, 2019 • 43 Comments Shareholders are already toast. Would China’s Fosun conglomerate follow the time-honored principle of throwing good money after bad?
Contagion from Liquidity Crunch at Junk-Bond Funds to Trigger “Material Second Round Effects”: EU Securities Regulator by Nick Corbishley • Sep 7, 2019 • 31 Comments The cost of dodging negative interest rates.
These Incidents Raise New Questions about the Security & Operability of the Banking System in Mexico by Nick Corbishley • Sep 5, 2019 • 61 Comments For now, it’s deny, deny, deny.
Bank of Mexico Raises Alarm About Mexico’s Economy by Nick Corbishley • Sep 3, 2019 • 51 Comments “Particularly worrisome” is that this slowdown “has taken place in a context where the US economy is growing above potential.”
Woodford’s Shuttered Fund Crushed Further by Plunging Stocks in its Holdings, such as Muddy-Waters Target Burford Capital by Nick Corbishley • Aug 26, 2019 • 39 Comments Hedge funds have field day front-running the liquidation. 300,000 investors left twisting in the wind.
Liquidity Crunch Mangles UK Equity & Real Estate Funds by Nick Corbishley • Aug 24, 2019 • 43 Comments Exodus from funds with illiquid assets forces funds to block redemptions.
