Monday March 30, 2020

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International banks boost capital with bond buybacks

28th March, 2009

One swallow does not a summer make. But still, credit unions will have been relieved to see that there were some buyers in the market last week for the kind of bonds which have blasted a hole in the balance sheets of many credit unions countrywide. The result is that the price of some lower-rated bank bonds rose slightly after some international banks moved to boost their capital with opportunistic buybacks.

The banks have been...

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