A round-up of the key stories across the specialist financial media, including news that 60% of Greek bond holders have committed to the nation's debt swap.
60% of Greek bond holders committed to debt swap
Investors with about 60 percent of the Greek bonds eligible for the nation’s debt swap have so far indicated they’ll participate, putting the country on the verge of the biggest sovereign restructuring in history.
Corporate pension shortfalls have increased by an additional £90bn since the Bank of England resumed gilt purchases last October in an effort to drive down interest rates, according to an employers’ body.
Inflation is back on the European Central Bank’s radar, complicating efforts to bolster growth as the sovereign debt crisis pushes the economy toward recession.
A decision from the European Union's highest court has called into question the tough downsizings imposed on many of the region's banks as the price of approval for the giant government bailouts they received during the financial crisis.
The Treasury Department said on Wednesday it will sell $6 billion worth of AIG stock and struck another deal for the insurer to pay down $8.5 billion more in obligations.
