The misplaced confidence of Chinese credit investors has been shaken by the default of three state owned entities including one rated “AAA”
Governments and central banks have embarked on a journey with no clear idea of where they are going, here’s five ways it could end
The number of zombie companies is growing and current policy settings point to this trend worsening in the years ahead
Lenders have responded to a wave of distressed companies and the cancer of weak covenants by going feral on each other
The announcement that NAB is preparing to call NABHA securities is good news for holders, but it is a reminder of common myths about hybrids
The Federal Government has handed the Australian major banks two big wins over their non-bank competitors
Governments, corporates and households with excessive spending and debt are living on borrowed time.
It’s relatively easy and common for politicians to walk away from a financial mess, which makes corporate and personal debt a better investment than government debt.