The money network:

The money network:

Why crowdfunding threatens traditional bank lending

The truth about Asian investment banking

November 2010

Bond haircuts: Anglo Irish may be the tip of the iceberg


Being a fixed-income investor in Europe just got a whole lot trickier.


The Irish government’s determination for bondholders to share the pain of its banking system’s collapse has set the scene for a bruising battle with the holders of €2 billion of Anglo Irish subordinated, lower tier two debt.

They’re being asked to participate in an exchange that will pay them 20% of the face value of their bonds and,...


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