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.”
Rescue deal fell through at the last moment. China’s Fosun and other shareholders are toast. Creditors get to fight over the debris.
Situation already so bad that hiding debt becomes a priority?
A gigantic spike in three years. The UK dominates.
Shareholders are already toast. Would China’s Fosun conglomerate follow the time-honored principle of throwing good money after bad?
The cost of dodging negative interest rates.
For now, it’s deny, deny, deny.
“Particularly worrisome” is that this slowdown “has taken place in a context where the US economy is growing above potential.”
Hedge funds have field day front-running the liquidation. 300,000 investors left twisting in the wind.
Exodus from funds with illiquid assets forces funds to block redemptions.