[ad_1] Stay informed with free updates Simply sign up to the German economy myFT Digest — delivered directly to your inbox. Germany’s government has clinched a last-minute budget deal, averting…
Tag: 17bn
Chancellor handed £17bn borrowing boost ahead of Autumn Statement – latest updates
[ad_1] Thanks for joining me. There are hopes that Chancellor Jeremy Hunt will announce tax cuts in his Autumn Statement after official figures showed borrowing came in below estimates in…
SMBC Nikko to receive $1.7bn capital injection from parent SMFG
[ad_1] TOKYO — SMBC Nikko Securities plans to raise 250 billion yen ($1.71 billion) as early as this week from parent Sumitomo Mitsui Financial Group as the brokerage seeks to expand…
Germany pushes Intel to spend more on €17bn chip plant
[ad_1] Germany is pushing Intel to expand its plans for a landmark €17bn new chip plant in exchange for higher subsidies, in what is already set to be the country’s…
Swiss regulator defends $17bn wipeout of AT1 bonds in Credit Suisse deal
[ad_1] Swiss financial regulator Finma has defended its decision to wipe out a huge swath of risky subordinated bonds as part of the Credit Suisse rescue deal. The move taken…
US bondholders prepare to sue Swiss over $17bn Credit Suisse wipeout
[ad_1] US distressed debt investors and corporate litigators are preparing to fight the Swiss government over its decision to write down $17bn of Credit Suisse bonds as part of the…
Asia investors ‘gobsmacked’ by $17bn Credit Suisse bond wipeout
[ad_1] The wipeout of $17bn of Credit Suisse bonds has sparked panic among rich Asian investors who had loaded up on the risky bank debt. Under the terms of the…