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EBRD invests in Turkish bank’s bonds

The European Bank for Reconstruction and Development (EBRD) has invested the equivalent of $60 million in Turkish lira in a covered bond issued by Yapı Kredi Bank, Turkey’s fourth-largest private bank. The Bank reported that the Baa1-rated bond is backed by a portfolio of residential mortgages. Bonds of this kind …

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Ethereum, Bitcoin Cash, Ripple and Litecoin: here are four of Bitcoin’s closest rivals

Bitcoin continues to attract enormous attention from investors, but it is not the only cryptocurrency in existence. As fears grow that Bitcoin’s rapid growth was little more than a bubble, more and more people are starting to consider its rivals. There are now hundreds of cryptocurrencies and, while they have significant differences, all are based …

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