February 2012
David Einhorn’s £7.2 million ($11.3 million) fine by the UK’s Financial Services Authority for insider trading in Punch Taverns stock should make some hedge fund managers and investment bankers very afraid.
February 2012
Until recently, European public-sector finance did not set the pulses racing. But as the latest sovereign downgrades hit home, some investors are shunning any SSA borrower with ‘Europe’ in its name. The days of boring old triple-A seem to be over.
February 2012
Establishing a corporation in 2010 to create and issue short-term Shariah-compliant financial instruments to improve cross-border Islamic liquidity management was a great idea. And it still is – despite the group not conducting a single issue or releasing any press statements.
February 2012
Ackermann puts on a brave face over a poor set of results, but Deutsche’s performance in its powerhouse sales-and-trading business shows just how tough the markets are for even the strongest banks
February 2012
Refinancing options are running out for many European companies with looming debt maturities. Could the banks’ own funding problems finally precipitate the distressed debt opportunity this market has been waiting for? Or are the consequences of asset disposals too brutal for many banks to take?
February 2012
California’s economy likely to benefit
January 2012
Will Europe’s leaders do enough to convince banks to finance its problem sovereigns through an ECB-led carry trade?
February 2012
The complaint filed by the SEC at the New York Federal Court on Wednesday against four ex-Credit Suisse employees provides another fascinating insight into the chaos that erupted across fixed-income trading desks, as the seizure of the short-term funding markets in mid-2007 began to ricochet through to the shaky edifices of structured finance that had been built upon them.
February 2012
New strictures have breathed life into shadow banking – it now constitutes about a quarter of the global financial system – and regulators fear they have created a monster. But look closer and there's much more to this financial Frankenstein…
February 2012
Appetite for deals beyond plain vanilla; Multiple deals marketing concurrently
February 2012
"Bankers are not going to repeat the errors of the past or buy 10-year bonds with three-year funding. Such a duration mismatch would ultimately be suicide"
February 2012
The ECB doesn’t have to take the same losses on Greek debt as the private sector – but it should.
February 2012
When David Einhorn was sanctioned by the UK’s Financial Services Authority at the end of January he was described in one newspaper profile as “self-effacing”, which was an odd phrase for a hedge fund manager who relishes the spotlight, at least by the standards of the industry.
February 2012
US Fed to incentivize investors; Single-family homes new asset class
February 2012
Brazil’s IPO market has been tarnished, so it’s imperative the first deal for 2012 is done with care and respect
February 2012
Low interest rates key factor; All eyes on Cementos Pacasmayo
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
February 2012
Brazil’s IPO market has been tarnished, so it’s imperative the first deal for 2012 is done with care and respect.
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.
February 2012
The State Oil Fund of Azerbaijan has always feared risk. Now it’s seeking higher yields, branching out into listed securities, real estate, gold and emerging market debt. But is this ultra-cautious fund really ready?
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.
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