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?

December 2007

Debt market round up: Citi merges capital markets sales divisions

by Alex Chambers and Jethro Wookey

Citi has merged its equity capital markets and fixed-income capital markets divisions.


The bank has appointed Tyler Dickson, until now the head of equity, to run this new division, called capital markets origination. The combination belatedly follows the lead of the US brokers and abolishes the credit business line.

Dickson reports to Jamie Forese, who was made head of capital markets following the departure of Tom Maheras. This carves out all debt origination from fixed income, currencies and commodities. FICC was only...


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