Rain of sales on banking stocks throughout Europe and Piazza Affari becomes the worst stock exchange in Europe: all the fault of a sudden move by Deutsche Bank on subordinated bonds which entered feverishness after the zeroing of those of Credit Suisse
The decision of the Swiss authorities to reverse the hierarchy of treatment in the event of a banking crisis has opened up a crisis of confidence on the markets. Eurozone banks are safer according to Lagarde
Intesa Sanpaolo has placed a subordinated bond with a yield of 6,375%. And demand exceeded 3 billion on a placement of 1 billion. The entry threshold is 200 euros
The savings and private banking group launches Kis Financial Income and focuses on subordinated debt securities of the financial sector. The management team is led by Rocco Bove who boasts a long experience in the sector
The Commission has authorized the conversion offer into shares of the subordinated bonds held by retail investors and today it will express itself on the prospectus of the increase - Price range from 1 to 24,9 euros - 35% will be allocated to…
Frankfurt decides today whether to extend the terms for the recapitalization - In the (probable) case of a refusal, the doors to nationalization would open wide - Here's what shareholders and bondholders risk.
The new CEO Morelli is pressing ahead with the implementation of the new plan which will be approved on 24 October by the board of directors in view of the mid-November shareholders' meeting: immediately after, the voluntary conversion offer of the subordinated bonds will start, currently open only to institutional investors...
Hearing of the General Manager of Assonime, Stefano Micossi, before the Senate Finance and Treasury Commission: "The losses suffered by investors on the subordinated bonds of the 4 banks in resolution are a small percentage of the total and therefore do not seem justified…