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Exclusive-Swiss authorities mull imposing losses on Credit Suisse bondholders -sources

Yahoo Daily News 20 Mar 2023
Despite the prospect of losses, some bond investors on Sunday were encouraged by a report in the Financial Times that UBS had offered up to $1 billion to buy its rival, although there is no guarantee a deal with UBS will be reached ... trading after the report, one investor said.
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Credit Suisse says $17 billion of its debt now worthless, angering bondholders

Yahoo Daily News 20 Mar 2023
The move reflects authorities' desire to see private investors share the pain from Credit Suisse's troubles ... They were designed as a way to transfer risks to investors and away from taxpayers if a bank gets into trouble ... The move by the Swiss regulator could make it harder for other lenders to raise new AT1 debt, investors said.
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Credit Suisse says $17 billion debt worthless, angering bondholders

Reuters 20 Mar 2023
The move reflects authorities' desire to see private investors share the pain from Credit Suisse's troubles ... They were designed as a way to transfer risks to investors and away from taxpayers if a bank gets into trouble ... The move by the Swiss regulator could make it harder for other lenders to raise new AT1 debt, investors said.
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Credit Suisse says $17 bln of its debt now worthless, angering bondholders

The Times of India 20 Mar 2023
The move reflects authorities' desire to see private investors share the pain from Credit Suisse's troubles ... They were designed as a way to transfer risks to investors and away from taxpayers if a bank gets into trouble ... The move by the Swiss regulator could make it harder for other lenders to raise new AT1 debt, investors said.
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FIDELITY NATIONAL INFORMATION SERVICES, INC. (NYSE: FIS) SHAREHOLDER CLASS ACTION ALERT: ...

Eagle-Tribune 20 Mar 2023
Analysts reported the new Fidelity National management “recognize[d] the need to rebuild investor confidence.” ... In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf.
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Udayshivakumar Infra IPO opens for subscription, GMP rises; should you apply?

Financial Express 20 Mar 2023
Ahead of the IPO, the issue was opened for anchor investors on 17 March, Friday ... 10% of the IPO is reserved for QIBs, while NIIs can bid for 30% and retail investors for the remaining 60%. Retail investors can apply for a minimum 428 shares in one lot, and a maximum of 13 lots with 5564 shares, totalling to Rs 194,740.
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Adani plans to refinance $1.15 billion foreign bonds via pvt placement

The Times of India 20 Mar 2023
Adani Group is seeking to refinance $1.15 billion of overseas-listed bonds at two group firms - Adani Green Energy and Adani Ports & SEZ - via private placements, multiple banking sources directly aware of discussions with potential investors told ET ... ET's mailed query to Adani Group remained unanswered at the time of publication of this report.
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Adani Group halts Rs34,900 crore petrochem project in Gujarat

IIFL Securities 20 Mar 2023
It can be assumed that the reason for suspending the petrochemical project in Mundra, Gujarat, is related to the Adani Group's efforts to address investor concerns and consolidate its operations, following a negative report by a US-based short seller.
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Investigation of 888 company practices in Middle East leads to resignations

Ghana Business News 20 Mar 2023
Dafna’s departure comes at a time of significant storm for the company, which has seen its share value fall by over 50% due to investor caution over its debt levels ... The company’s troubles have continued with reports announcing that 888 postponed an investor event that was scheduled for the end of January.
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Adani stocks tank after Rs 34,900-crore petchem project suspension shows Hindenburg fallout still lingering on

Financial Express 20 Mar 2023
Adani Group stocks fell on Monday with Adani Enterprises shares falling 3.4% to Rs 1813.40 after the reports of Gautami Adani-led group suspending a Rs 34,900 crore petrochemical project at Mundra in Gujarat to focus on resources to consolidate operations and address investor concerns following a damning report by Hindenburg Research LLC.
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Potential buyer seeks guarantees for Credit Suisse Reuters

Beijing News 20 Mar 2023
Multinational investment bank UBS wants the Swiss government to cover about $6 billion of the costs if it agrees to buy Credit Suisse, a rival lender whose shares plummeted this week amid customer outflows and a loss of investors, Reuters reported on Saturday, citing sources.
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Global stocks sink after Credit Suisse takeover

Irish Independent 20 Mar 2023
... of unexpectedly fast, large rate increases over the past year to cool economic activity and inflation.Prices of bonds and other assets on their books fell, fuelling unease about the industry’s financial health.Stephen Innes, of SPI Asset Management, said in a report.
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Adani Enterprises, other Group stocks fall while Adani Green rises

Live Mint 20 Mar 2023
Shares of Adani Enterprises, Adani Transmission, Adani Total Gas, Adani Ports and Special Economic Zone (APSEZ), Adani Wilmar were trading with cuts of more than 3-4% on the BSE in early deals whereas Adani Green Energy rose over 3% to ₹853 apiece.Adani Group has suspended work ...
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FDIC to relaunch sale of SVB, moves toward break-up plan -sources

RTE 20 Mar 2023
Reuters reported yesterday that the efforts of some US regional banks to raise capital and allay fears about their health are running up against concerns from potential buyers and investors about looming losses in their assets. Bloomberg News reported on the FDIC's plans to break up SVB earlier yesterday. .

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AP / Alexandr Demyanchuk, Sputnik, Kremlin Pool Photo
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