Debt Advisory Update
Having been launched on Sunday, the new European Super League reached its knock-out stages on Tuesday with the English teams exiting early, leaving the Spanish and Italian teams in the Final.
For some, this may seem like a good week to bury bad news, in the words of Jo Moore, so watch out for more announcements like the abandonment of the new £2.6m Downing Street press conference room after being used just once.
In passing, I learnt today that Credit Suisse won an award from Risk.net in February for Risk Innovation of the Year for a new tool guarding against operational risks, despite the Chief Risk Officer not knowing about a client to which it had $20bn of exposure. I’m sure the award features prominently in the disclosure for its $2bn of mandatory convertible notes issued today.