This “crack cocaine for CFOs” was also extensively used by Carillion until it collapsed.
12 countries with negative 10-year yields. A race to hell.
Bitter irony: As Draghi’s term is about to end, investor expectations plunge to where they’d been when he made his “whatever it takes” speech in 2012.
Investment in the auto sector grinds to a halt.
Spain’s Big Five banks (already down from the Big Six) could soon be four.
Consumers and companies keep plugging, the world has not come to an end.
This time, a fund liquidity crisis traps institutional investors, including pension funds.
Most other regions in the UK cling to price gains.
Just when European banks need to inspire confidence more than ever.
$30 trillion of assets globally are held by similar open-ended funds.