Will a $3bn bailout be enough for Sri Lanka?
The IMF’s board has finally backed a $3bn bailout for Sri Lanka to help relieve a ‘catastrophic’ economic and social crisis, shares in First Republic Bank tumbled 47 per cent on Monday despite a $30bn rescue deposit last week, and Credit Suisse bondholders were in uproar after the rescue deal by rival UBS wiped out $17bn of the failed Swiss bank’s bonds.
Mentioned in this podcast:
IMF approves $3bn bailout for Sri Lanka
Wall Street chief executives try to come up with new plan for First Republic
Credit Suisse bondholders in uproar over $17bn debt wipeout
Credit Suisse AT1s: investors go loco after Coco no-no
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