The money network:

The money network:

Why crowdfunding threatens traditional bank lending

China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

August 2007

People moves: HSBC raids Nomura and others

by Alex Chambers and Jethro Wookey

HSBC has beefed up its DCM operation, making a number of hires – especially from Nomura.


It has announced a new head of EMEA public sector origination, Ulrik Ross, who worked at the Japanese bank as head of north and central European capital markets. He previously worked at Merrill Lynch where he covered Nordic DCM. He reports to both Roger Thomson and Jeff Diehl, head of European DCM and global head of public sector DCM, respectively.

Ross was part of a seven-strong team led by Stefano...


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