It doesn’t take a default for Austria’s recently issued century bond to trade at the same price as Argentina’s defaulted debt.
The insolvency of Wirecard has made many look foolish, but short sellers and a journalist had been on the case for years
Are claims that CLOs will bring down American banks another “Big Short” or merely a beat-up?
Retail investors piling into shares of bankrupt companies is a sure sign this isn’t a typical stock market rally
The decision to ban commissions on only some listed securities encourages dodgy advisors to provide suboptimal advice.
Credit markets are improving but three dark clouds on the horizon point to the possibility of worsening conditions ahead.
The lockdown has resulted in a surge in payment problems, with one in eight home loan borrowers now unable to keep up with their scheduled repayments.
The extraordinary number of small businesses that had problems paying their debts before this crisis began now have few options left.