By - Summary
- Companies
- Additional Tier 1 debt holders wiped out
- Assumption had been AT1 holders would outrank equity holders
- Approach roils wider bank bond and stock markets
- C Suisse prospectus stated AT1 bonds would be written off
- UK economy ekes out 0.1% growth, below expectations
- Wholesale prices rose 0.2% in October, in line with expectations
- CPI inflation October 2024:
- Powell and the Fed won’t be able to avoid talking about Trump forever
- Mnuchin says Trump’s top priorities will include tax cuts and tariffs
- Biden allows Ukraine to use U.S. arms to strike inside Russia
- House Speaker Johnson says Gaetz ethics report shouldn’t be released
- Senegal votes for lawmakers in test for new president
- During meeting with Biden, China’s Xi cautions the U.S. to ‘make the wise choice’ to keep relations stable
- Trump picks oil industry CEO Chris Wright as Energy secretary
