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?

The truth about Asian investment banking

May 2009

UniCredit in retreat


It was no secret in the market that dissatisfaction at UniCredit, a conglomerate formed by the merger of about 20 different financial institutions, rose sharply after the bank told its FX staff by email that none of them would be receiving any form of bonus for their performance in 2008. ...


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