November 2009
| Euromoney November 2009 The credit crisis almost razed the entire edifice of modern finance to the ground. Governments had to act quickly to help rebuild it. In doing so, have they created a monster that distorts the reality of the banking system’s health? Hamish Risk reports. |
Euromoney November 2009
Capital markets are booming once again and competition is heating up among the investment banks. Is the upturn too good to be true? And how will the competitors fare in the new order? Helen Avery reports.
Euromoney November 2009
The Middle East’s best-known international investor says his faith in capitalism remains unshaken. Only time will tell if and to what extent his belief in Citi, so severely tested over the past year, will endure. Taimur Ahmad interviewed him in Riyadh.
Euromoney November 2009
Global investment banks under domestic pressure to curb salaries and bonuses face a dilemma in booming Brazil: how to compete for skilled staff in a market where local competitors face no such constraints. Chloe Hayward reports.
Euromoney November 2009
They have raised private capital in abundance as their stock prices soared. Investors may be overlooking how dependent the banks have been on government subsidy, especially now it is being phased out. Looking ahead, their credit losses are more likely to rise than to fall. Peter Lee reports.
Euromoney November 2009
Proving that higher spreads, the annihilation of half of the investor base and a global recession can’t keep a good product down, securitization has returned to Europe. Louise Bowman investigates.
Euromoney November 2009
The post-summer jump in covered bond new issuance has sharply reduced spreads, surprising many analysts. ECB purchases helped recovery but liquidity is bound to tighten and yields correct. Philip Moore reports.
Euromoney November 2009
The limited effects of a system breakdown at EBS suggest the two interdealer brokers no longer dominate FX price discovery. They had better watch out, there’s a new market paradigm on the block and it is hungry for their lunch. Lee Oliver reports.
Euromoney November 2009
The emirate is beginning to recover from the financial shocks of the past year. But several challenges remain, not least servicing its large debt pile. Sudip Roy reports.
Euromoney November 2009
The end of the civil war has boosted economic confidence. But there is much to be done in improving infrastructure and reviving activity stunted by the conflict, such as agriculture and fisheries. Chris Wright reports.
Euromoney November 2009
The liquidation of a prominent equity fund capped a tough year as the country’s stock index slid from one of the decade’s top performers in Asia to one of its worst. Lawrence White examines the market’s lack of depth and breadth, and how to fix it.
Euromoney November 2009
The number of commercial banks has increased from 17 to 27 in the past two years. New government measures aim to force consolidation. Meanwhile, though, many are reluctant to lend, and local businesses are suffering. Lawrence White reports from Phnom Penh.
Euromoney November 2009
The country’s investment banks are encouraging firms to take a longer-term view of risk management and funding. Change is happening, but from the top down. Nick Kochan reports.
Euromoney November 2009
Mexico’s private equity market has long been near dormant. Now it is waking up and is set to give the capital markets and economy a boost. But there will be more battles with regulators, investors and entrepreneurs before a private equity boom can develop. Chloe Hayward reports from Mexico City.
Euromoney November 2009
The country has had its tribulations, but it is prospering from international demand for minerals and energy and from the benefits of liberalization. The only shadow is the danger that discontent among the poor will grow faster than the redistribution of wealth. Dominic O’Neill reports from Lima.
Euromoney November 2009
Co-head was glue that held businesses together; Risk management hole needs to be filled
Euromoney November 2009
BNP Paribas leads the way on state repayment; Are other banks looking to do too much, too soon?
Euromoney November 2009
The banking system is still on life support; A new fund might protect against renewed panic
Euromoney November 2009
M&A worse than volumes reveal, fees down; 2010 seen to be better if equity markets stay up
Euromoney November 2009
Shift from return-seeking to risk management; But more complex products expected to revive
Euromoney November 2009
State-supported banks are being forced to sell; New entrant RHJ International will build on Kleinwort Benson
Euromoney November 2009
Trading is bringing in the money for Wall Street, but is it artificial?; Fed might not unwind programmes next year
Euromoney November 2009
Euromoney November 2009
Spacs convert to special-purpose Reits as time runs out to invest; Hedge funds profit from their demise
Euromoney November 2009
Bank shares sold off after rights-issue news; Banks need to get good advice on deals
Euromoney November 2009
A way to cope with forward premia risk; Increased reluctance to take on counterparty risk
Euromoney November 2009
Euromoney November 2009
Euromoney November 2009
Euromoney November 2009
Euromoney November 2009
Plans on hold until recovery assured; Eligible asset limitations anger banks
Euromoney November 2009
Amias Berman kicks off with PE deal; Primus buys into insurance
Euromoney November 2009
Ivanhoe claims GDP could get 30% lift; Deal expected to be worth $4 billion
Euromoney November 2009
Takes lead in increasing interest rates; Australian dollar strengthens
Euromoney November 2009
Investors show signs of nerves; But perps bond market gets boost
Euromoney November 2009
Talks under way about payment arrears; Agreement with holdouts also under consideration
Euromoney November 2009
HNWIs seek safe haven on isthmus; But regulatory pressure is growing
Euromoney November 2009
Banks under scrutiny over lending growth; Central bank praised for its supervision
Euromoney November 2009
Hong Kong flotation to mark Russian first; Debt restructuring key to planned IPO
Euromoney November 2009
Alliance Bank’s steering committee agrees to terms of restructuring; Government to avoid assuming all liabilities
Euromoney November 2009
Euromoney November 2009
Big jump in issuance from Abu Dhabi, Qatar; More Islamic and higher-yield issuance to come
Euromoney November 2009
Troika Dialog deal strengthens Standard Bank’s emerging markets presence; Troika Dialog gets better access to Standard’s balance sheet and links to China’s ICBC
Euromoney November 2009
Euromoney November 2009
Wall Street bankers think the capital market boom is the new normal. We’re not so sure.
Euromoney November 2009
China sceptics think a dangerous asset bubble could be building.
Euromoney November 2009
How much does the Kingdom care about foreign investment?
Euromoney November 2009
The European high-yield market may finally have come of age.
Euromoney November 2009
Banks now busy negotiating debt-for-equity swaps in their distressed investments could actually be making their problems worse.
Euromoney November 2009
Economic conditions may appear to be easing, but the region’s biggest challenges still lie ahead.
Euromoney November 2009
The Swiss bank needs to make a real commitment to the key Latin market, or give up the ghost.
Euromoney November 2009
Uncertainty is growing over the scope and scale of restructuring plans to be imposed by the EU Competition Commission on European banks that have been kept alive by state aid.
Euromoney November 2009
Euromoney November 2009
The financial markets bounce is unsustainable. Demand will fall and corporate costs will rise as artificial stimulus is withdrawn and fiscal retrenchment kicks in. Expect an almighty splat as the markets drop.
Euromoney November 2009
In the Greek myth, Sisyphus was condemned by the gods forever to push a rock uphill only for it to roll back down. This is a familiar fate for those seduced by the cult of equity investing.
Euromoney November 2009
Euromoney November 2009
Euromoney November 2009
It looks as if RBC may be losing its staff to Hollywood.
Euromoney November 2009
Euromoney November 2009
Bankers are often caricatured as greedy, bonus-grabbing individuals. But an intriguing tale from Michigan questions this stereotype.
Euromoney November 2009
Euromoney November 2009