Bank Credit Weekly: Reduced, but Still Risk-On Sentiment
For every Asia-headquartered bank bond that widened during the week, two tightened. Nonetheless, risk-on sentiment reduced in Asia’s high yield...
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Standard Chartered and IFRS 9 Moves: We Prefer StanLn’s ’23 Callable AT1 to HSBC’s ‘23
Standard Chartered (StanLn) could benefit from a reset of IFRS 9 transitioning and expected credit loss (ECL) deferral, as proposed for European...
238 Views
HSBC – Only Bright Spot, Dimming
There is very little to cheer for HSBC Holdings (HSBA LN). The bank is overly geared toward UK, US, France where returns have been incredibly poor....
199 Views
HSBC AT1 Benefits Less from IFRS 9 Moves; We Prefer Barclays ’22 Callable AT1 to HSBC’s ‘23
HSBC Holdings (HSBC) would benefit less from a reset of IFRS9 transitioning and expected credit loss (ECL) deferral, as proposed for European Union...
220 Views
Bank Credit Weekly: Risk-On Until Hong Kong
Almost all Asia-headquartered bank bonds tightened in this week’s risk-on environment. However, Friday’s jump in Hong Kong's inter-bank rates...
166 Views