FT News Briefing A missed shot for women’s football
Jul 24, 2023
The podcast dives into the turmoil in America’s corporate loan market, with recent downgrades paralleling the 2020 crisis. European banks are reaping the rewards of rising interest rates, reporting impressive second-quarter profits. In sports, the discussion highlights the disappointing commercial rollout of the Women’s World Cup, raising questions about the missed opportunity for women’s football. Additionally, there’s a brief mention of German cash machines becoming targets for Dutch gangs.
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Junk Loan Downgrades
- The US junk loan market faces downgrades since 2020, impacting companies with floating-rate debt.
- These downgrades signal repayment struggles and potential buyer aversion to risky loans.
European Bank Profits
- European retail banks are expected to see increased profits due to net interest income.
- However, this might be one of their last profitable quarters before the equation shifts.
Women's World Cup Commercial Rollout
- The Women's World Cup's commercial rollout has been underwhelming, with low bids and last-minute sponsorships.
- Time zone differences pose a challenge for broadcasting, impacting viewership and sponsorship interest.