August 2009
| Euromoney August 2009 For some it’s the reinvention of structured finance, for others it marks the return of the bad old days. Is the recent increase in the use of securitization as a risk-management tool shifting the log jam of credit portfolios on banks’ balance sheets? Alex Chambers finds out. |
Euromoney August 2009
Attempting to restructure a complex securitization can be a Sisyphean task. Many experts are reaching the conclusion that it might be simpler to push these deals into insolvency instead. Louise Bowman investigates.
Euromoney August 2009
The Deutsche Bank chief executive received an award for his outstanding services to financial markets at Euromoney’s Awards for Excellence dinner. In his acceptance speech, he explained how the industry should face up to its next set of challenges.
Euromoney August 2009
The head of the Hong Kong Monetary Authority, winner of Euromoney’s lifetime achievement award in Asia, talks to Lawrence White about his career and how regulators should respond to the crisis.
Euromoney August 2009
After the parting with Citi in 2003, Saudi Arabia’s Samba has thrived under the leadership of Eisa Al-Eisa, the recipient of Euromoney’s award for outstanding contribution to financial services in the Middle East. Sudip Roy reports.
Euromoney August 2009
Priced to go, equity capital markets deals succeeded in the second quarter, recapitalizing banks and corporations alike to the tune of $274 billion. As risk appetite revives, the next step is IPOs. Financial sponsors won’t give them away. Peter Lee reports.
Euromoney August 2009
It’s not quite back to the good old days for interest rate derivatives, but banks have started to make money again. Total Derivatives and Euromoney polled the market to find out who is best. Mark Ramsden spoke to the professionals.
Euromoney August 2009
As banks boost their commodities businesses, better physical trading capacity is increasingly important. But developing physical trading capacity, and doing so in a wider range of commodities, is easier said than done. Dominic O’Neill reports.
Euromoney August 2009
The landscape of Latin American private banking has changed over the financial crisis but the region’s wealthy population remains optimistic. Opportunities abound for those that remain in the business. Helen Avery reports.
Euromoney August 2009
Perhaps it’s not sufficiently dramatic for South Koreans to have the world’s craziest regime as their northern neighbour, with its twitchy nuclear finger. It seems they might need to be spooked some more – and what better bogeyman than the foreign-derived global financial crisis? Eric Ellis reports.
Euromoney August 2009
With the edge taken off over-exuberant growth in Middle East markets, good quality research is increasingly important. Individuals in both local and international firms are respected for providing this, the vital factor being that they are on the spot.
Euromoney August 2009
Euromoney’s annual survey invites investors to rate the quality of bank research on Middle Eastern equity and debt bearing in mind overall performance and accuracy. View the results now:
Euromoney August 2009
HSBC chief warns against return of guaranteed bonuses;
He asks regulators not to impose capital controls that inhibit lending
Euromoney August 2009
Greenspan’s direction belatedly questioned; The flaws of too big to fail
Euromoney August 2009
Asset management profits drop; Diversification is no longer in vogue
Euromoney August 2009
Savings banks expanded too fast and must merge to survive mounting bad debts; Keep an eye on Sabadell as a potential consolidator
Euromoney August 2009
EU launches consultation on derivatives; EU wants CCP for other derivatives also
Euromoney August 2009
Plan to help rid banks of toxic assets dramatically scaled down; Uncertainties remain on the likely take-up of scheme
Euromoney August 2009
Investors receptive to utility risk; Other WBS still some way off
Euromoney August 2009
Euromoney August 2009
Euromoney August 2009
Euromoney August 2009
Euromoney August 2009
Euromoney August 2009
Euromoney August 2009
Euromoney August 2009
Euromoney August 2009
Bank nears top slot after years outside top 10; BofA, StanChart beat Goldman, Stanley
Euromoney August 2009
Euromoney August 2009
Euromoney August 2009
Euromoney August 2009
More transactions expected soon; Big European demand for ICA deal
Euromoney August 2009
Euromoney August 2009
Hapoalim suffers management turnover; Leumi attracts growing interest
Euromoney August 2009
Bad debts rise to new highs; Investors tire of mounting problems
Euromoney August 2009
Euromoney August 2009
First economic downturn in decade; Prime minister’s shock resignation
Euromoney August 2009
The rally in the financial markets does not necessarily mean there will be no more pain to come.
Euromoney August 2009
A reversal of a change of strategy is likely to have a worse effect than if no change had been announced.
Euromoney August 2009
The revival of developing world capital markets is encouraging but investors should exercise a little caution.
Euromoney August 2009
The difficulties in trying to marshal large numbers of disparate creditors will push more corporates into bankruptcy.
Euromoney August 2009
Privatization in Iran involves big transfers of stakes from one arm of the state to another, propping up the establishment and helping unbalance the economy.
Euromoney August 2009
Government disputes with foreign companies stymie exploitation of rich natural resources.
Euromoney August 2009
Corporate losses on foreign-currency hedging deals are resolvable but the road to agreement is difficult.
Euromoney August 2009
It would be foolish for any in the industry to dismiss those expressing outrage at the resumption of enormous bonus payments as mere populist political posturers. If firms can’t prevent themselves from offering such deals, then others must do it for them
Euromoney August 2009
The disconnect between Wall Street and Main Street widens.
Euromoney August 2009
A number of senior financiers made an enormous effort to join the party
Euromoney August 2009
Some are wondering who might be in line to succeed present chief executive Mike Geoghegan should he move on in a few years
Euromoney August 2009
Morgan Stanley’s fixed-income traders have not excelled and in 2009 the firm has failed to capitalize on opportunities in the flow businesses
Euromoney August 2009
The past two turbulent years have also redefined the adjectives that are acceptable to describe a chief executive in the financial services industry
Euromoney August 2009
Increased government borrowing is an unsound way to stave off recession. It puts sustained economic growth in peril rather than promoting it.
Euromoney August 2009
There are foxy footprints all over current policy choices. But cunning plans and clever innovations have a nasty habit of unravelling and causing greater pain than choosing the straightforward course.
Euromoney August 2009
Euromoney August 2009
Euromoney August 2009
Euromoney August 2009
In May the agency announced that its new super-cautious approach would result in the shock downgrade of nearly 90% of all outstanding triple-A CMBS in the US. But the problem with talking the talk is that you need to walk the walk
Euromoney August 2009
Could the recent opening of Enron the play, to decent reviews, persuade some bright playwright to dramatize the financial crisis?
Euromoney August 2009
Euromoney August 2009