Goldman Sachs Group Inc. said Hungarian Prime Minister Viktor Orban’s re-election means “unpredictable” policies that risk weighing on growth, as the nation’s bonds suffer East Europe’s worst returns after Russia.
Slovenia is raising debt at its fastest pace on record as the nation plans the sale of 2 billion euros ($2.8 billion) in bonds, less than two months after it last went to the market, to tap lower borrowing costs.
Russia’s military intervention in Ukraine’s Crimean peninsula is bolstering the regional government’s ability to repay its lone bond, a $14 million note maturing in three months, according to a German creditor.
Josef Ackermann tried to shake up Zurich Insurance Group AG. Now, allegations that he was partly responsible for the suicide of the chief financial officer are casting a shadow over his 35-year career.
Europe’s biggest banks, which more than doubled their highest-quality capital to $1 trillion since 2007 to meet tougher rules, may have further to go as regulators scrutinize how lenders judge the riskiness of their assets.