HALISTER: *ATOTECH SAID TO ALSO ATTRACT ADVENT, BAIN, BLACKSTONE, CINVEN

*ATOTECH SAID TO ALSO ATTRACT ADVENT, BAIN, BLACKSTONE, CINVEN

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
13620Z US (Advent International Corp)
6821Z US (Bain Capital Private Equity LP)
9990648Z LN (Cinven Group Ltd)
FP FP (TOTAL SA)
BX US (Blackstone Group LP/The)

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UUID: 7947283

HALISTER1: Hellenic Bank Fined on Anti-Money Laundering Shortcomings: CBC

Hellenic Bank Fined on Anti-Money Laundering Shortcomings: CBC

(Bloomberg) -- Central Bank of Cyprus says it decided to impose EU1.15m fine on Hellenic Bank “for failure to comply with certain provisions of the Prevention and Suppression of Money Laundering Activities.”
  • Hellenic Bank says will settle the penalty before July 20, thus securing 15% reduction
  • Penalty relates “to controls omissions and weaknesses in the implementation of due diligence measures and customer identification procedures, as part of the Company’s anti- money laundering (‘‘AML’’) and know-your-customer (‘‘KYC’’) framework,” lender says in separate statement
    • Penalty is result of audit conducted in Sept. 2014, “does not relate to any identification of incidents of suppression of proceeds from any illegal activities” bank says
  • Central Bank of Cyprus “considers it necessary to clarify that, following the completion of the onsite examination and before the imposition of the administrative fine, Hellenic Bank provided acceptable to the CBC assurances as to the assumption of corrective measures”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
HB CY (Hellenic Bank PCL)
CBC CY (Central Bank of Cyprus)

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UUID: 7947283

HALISTER1: Denmark, Kingdom of - DBRS Rating Report

Denmark, Kingdom of - DBRS Rating Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

Tickers
1271Z DC (Kingdom of Denmark)

People
Adriana Alvarado (DBRS Inc)
Fergus McCormick (DBRS Inc)

Topics
Fixed Income Research
Credit Analysis Research
Credit Research
Investment Research
Issuer Focused Research

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UUID: 7947283

HALISTER1: BCB May Keep Hold Stance; BRL Pressured by U.S. Data: Garde

BCB May Keep Hold Stance; BRL Pressured by U.S. Data: Garde

(Bloomberg) -- BCB meeting statement next week is likely to maintain the central bank’s previous message that there’s no room for rate cuts in present conditions, Daniel Weeks, chief economist at Garde Asset Mgmt, said in a phone interview.
  • BCB may wait for the government to address reforms and inflation expectations to decline further before it starts easing monetary policy
    • First cut more likely to happen in November
  • BRL drop reflects above-est. U.S. retail data; as U.S. economy continues showing momentum, Fed may start hikes later this year
    • Strong US data “mutes a little the idea of a weak dollar versus strong EM currencies”
    • Changes “that world we were seeing after Brexit”
    • Current pressure on BRL is unlikely to stop BCB from continuing to act with FX reverse swaps
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Daniel Weeks (Garde Asset Mgmt)

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UUID: 7947283