Victory for AT1 as EC rubber-stamps coupon preference

LONDON, Nov 25 (IFR) – The Additional Tier 1 market landed a small victory this week when the European Commission delivered a package of measures that will see holders of that debt prioritised over equity. In the proposed changes to Article 141 of the Capital Requirements Directive, the Commission is looking to hard-code AT1’s priority …

India's cash crisis could kill its economic boom

India’s chaotic move to replace most of its cash could slam the brakes on its red hot economy. The country overtook China as the world’s fastest growing major economy this year, but may fall behind again as the withdrawal of big rupee notes hurts business activity. Analysts estimate India’s shock decision to scrap its 500 …