January 2012
Senior Portuguese bankers have hit back at critics that suggest the country is set for a Greek-style default on its loans, despite a surge in the cost of sovereign debt
January 2012
The Institute of International Finance’s principles for stable capital flows and fair debt restructuring set forth an approach to voluntary negotiations between distressed borrowers and their creditors based on transparency, dialogue, good-faith negotiations and equal treatment.
January 2012
The International Monetary Fund has unveiled a cripplingly bearish set of reports that reveals widespread financial deterioration, dimmed growth prospects and escalated downside risks are to continue in 2012. Bank funding and losses cause the most concern.
January 2012
It is hard to be optimistic about 2012. But much of the bad news is reflected in prices and a confluence of factors could yet provide support for equity markets and other risky assets.
January 2012
Banks face tough decisions on how hard they should fight to retain sales and trading market share in different sectors, as the great deleveraging drive of 2012 gets under way.
January 2012
According to a source close to Glencore, the co-director of the alumina/ aluminium commodity department is set to leave this year, while the company reshuffles its heads of departments
January 2012
Russia’s capital markets remain upbeat, despite negative forecasts from the IMF. Amid the eurozone crisis, market players see an opportunity for the country to prove itself as a developed and reliable financial centre. Bankers, investors and issuers discuss what needs to happen next.
January 2012
So long as Asian markets remain risk-on bets to global portfolio managers, capital will continue to flee when things get bad elsewhere.
January 2012
The favourable tax haven is actively seeking to become the first Western centre to provide a Shariah-compliant platform by reviewing its existing legislation
January 2012
Russia’s capital markets face a difficult future. Even if the will for change is there, it will be a long and difficult process.
January 2012
The US is part of an elite of highly indebted developed nations. Bond vigilantes have attacked some of the eurozone states but have largely ignored the US. As the eurozone sovereign debt crisis resolves itself, the US fiscal position will attract more scrutiny.
January 2012
Analysis by Ned Davis Research suggests apocalyptic predictions about financial markets in 2012 are unjustified. Eurozone Europe will lag, but much of the rest of the world can expect a pick-up.
January 2012
Will Europe’s leaders do enough to convince banks to finance its problem sovereigns through an ECB-led carry trade?
January 2012
European cash market problems are catalysed by lack of transparency, says senior credit flow trading expert
January 2012
IMF senior economist Manmohan Singh has become something of a celebrity since the summer. Several commentators have seized on his recent writings on collateralized lending, rehypothecation and the shadow banking system to make the case that the downfall of the financial system stems from the overleveraged, unregulated, off-balance-sheet shadow banking system. What Singh is saying, however, is that the shadow banking system is a necessary part of the monetary universe, and therefore something that regulators and policymakers must thoroughly understand if they are to have any success in improving economic performance. In an exclusive interview, Euromoney spoke to Singh as he prepared to celebrate Christmas in Washington DC.
January 2012
Euromoney takes a look at how the days of high-yield bonds routinely ranking subordinate to bank loans have come to an end
January 2012
Latest data from the International Capital Market Association and the European Repo Council reveal that the market remains stable, despite "eurozone difficulties"
January 2012
Reputational risk of not calling evaporates; Investors shun aggressive terms
January 2012
CNH volatility as currency expectations fade; China hits back with CNH-boosting policies
January 2012
January 2012
Focus on asset allocation; Stockpickers punished by macro
January 2012
Issuance selection for 2012 starts to line up; Global names look to HK for Chinese capital
January 2012
Scarce collateral threatens funding; New systems complex and expensive
January 2012
Bank collapse weighs on fiscal health; Crisis spills over to Latvia
January 2012
Hires Dubai Credit Suisse team; CEE special situations push
January 2012
As the government sells part of its stake in PKO BP, Poland’s biggest bank is benefiting from the troubles of rivals with their eurozone-based parents. Euromoney speaks to PKO BP’s chief executive about acquisitions and growth in new areas, such as investment banking and wealth management
January 2012
New government appointments in Saudi Arabia have sparked hopes that the Kingdom might adopt policies more oriented towards the private sector and foreign investment.
January 2012
In the words of a recent recruit – it’s the biggest bank you’ve never heard of. If you’re an investment banker in Russia, or even Turkey and Poland, that’s about to change. But can Sberbank, propelled by its acquisition of Troika Dialog, get anywhere close to fulfilling its potential?
January 2012
TurkDex introduces exchange-traded options; ISE head steps down
January 2012
Market participants are expecting a drop in liquidity risk due to upcoming derivatives regulations, but their hopes seem to be based on a misunderstanding
January 2012
EBL looks to expand in Hong Kong and internationally in the longer term
January 2012
The shadow of economic gloom has fallen over output, while Basle III is playing havoc with the rulebook for funding. Success relies on access to US dollars, and losses will drive up prices – unless the rules can be changed or new players join the market
January 2012
JPMorgan still top earner; Nomura fee income falls by 34%
January 2012
Banks weigh shuttering equity capital market as volumes collapse but banks are key issuers and much depends on UniCredit’s deal
January 2012
The debate on whether China is due for a hard landing returned to the fore as property prices fell for a fourth consecutive month. And although analysts remain polarized in their views, some believe the country’s unconventional economic policy will prevent its economy going into free fall.
January 2012
A lack of supply is creating a shift in investment approaches, with CDS-index strategies being mainly explored
January 2012
With hedge fund redemptions on the rise, Euromoney takes a look at whether investors will be placing their confidence in smaller start-ups rather than larger hedge funds
January 2012
UK retailers have been targeted heavily by short-sellers amid fears that the eurozone crisis and debt problems could negatively affect the sector
January 2012
Australian banks ‘miss broader point’; Some blame issuers, others bookrunners
January 2012
Allowing QFIs to invest directly into Indian equity markets is a long-term positive step for the country, but removing complicated bureaucratic measures will be central to draw foreign investors into its markets
January 2012
Rest of region outpaces traditional leader; Poor IPO performance blamed
January 2012
Nomura reveals newly appointed global head and deputy global head of fixed income, according to an internal memo obtained by Euromoney
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