Banks Funding Musk’s Twitter Deal Face Heavy Losses

Oct 5 (Reuters) – Elon Musk’s U-turn on buying Twitter Inc could not have come at a worse time for the banks funding much of the $44 billion deal and they could face significant losses. As with any major acquisition, the banks would seek to sell the debt to get it off their books. But … Read more

Analysis: Underwater: how the Bank of England threw a lifeline to the markets

The Bank of England bought bonds after demands from pension funds Some UK pension funds have faced problematic margin calls BoE support seen as window to post collateral UK government’s unfunded tax plan spooked markets LONDON/NEW YORK, Oct 2 (Reuters) – Calls to the Bank of England that some British pension funds were struggling to … Read more

UK pension funds ask companies for money after gilding explosion – sources

LONDON, Sept 30 (Reuters) – British pension funds that are posting big losses on gilt market derivatives have demanded emergency funds from the companies they manage money for as they rush to dump assets to raise cash, industry sources said on Friday. Many pension funds were caught off guard when soaring bond yields this week … Read more