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FX poll 2008:

FX poll 2008:

FX moves to centre stage

FX debate

FX debate

Testing times in the search for alpha

May 2008

Equity market round up: The month in numbers

29.4 and 44,000,000,000




29.4 how much more in percentage terms sell-side analysts earned on average than their buy-side counterparts. According to a recent survey in Institutional Investor, the average sell-side analyst earned a total of €281,687 in 2007, compared with an average €198,866 for buy-side analysts.

44,000,000,000 the amount of equity raised, in dollar terms, by commercial and investment banks since the start of 2008, according to Dealogic. The amount is 150% more than that raised over the same period in 2007 and does not include jumbo deals announced recently by UBS and RBS. UBS plans to raise $15 billion through a rights issue in June and RBS is to raise £12 billion, also through a rights issue. ECM issuance by commercial and investment banks makes up for 30% of all global ECM raised in 2008 year to date, compared with 8% in the same period in 2007.







The problem is that banks have ended up lending to these deals by accident – they thought that they were underwriting them

A loan banker explains how the banks got saddled with such large exposures to mega-LBO trades

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