January 2010
| Euromoney January 2010 David Proctor thought he had found a once-in-a-lifetime opportunity to build a Gulf financial powerhouse at Al-Khaliji Bank. It didn’t work out. But almost a year after he was removed as chief executive Proctor’s life is in limbo, as Qatar’s authorities decline to grant him an exit visa that would reunite him with his family. Eric Ellis investigates.
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Euromoney January 2010
By absorbing Fortis, BNP Paribas emerges as the rising star in the eurozone. The crisis has validated the bank’s business model and its risk management. But its long-serving leadership team remains cautious in its moment of triumph and wary of what regulators might impose. Peter Lee reports.
Euromoney January 2010
Their problems have highlighted the importance of trade finance in maintaining the flow of goods. Laurence Neville reports on what is being done to sustain a vital economic function
Euromoney January 2010
Regulators are addressing the shortcomings that created so much damage in the global banking system. Sudip Roy assesses what impact the reforms will have on central and eastern Europe, which suffered more than any other emerging region in the crisis.
Euromoney January 2010
The character of responses to the recession augurs badly for a sustained recovery. The right sort of domestic consumption stimulus has not been put in place in China – the country is racing for exports again. Other regions are ill-equipped to cope; a Japan-style stasis of deflation and growth looks to be just around the corner, writes Charles Dumas of Lombard Street Research.
Euromoney January 2010
In a cash-scarce world, electronic bells and whistles take second place to systems and partners that help clients marshal their global liquidity as quickly and visibly as possible. Maximizing working capital throughout the supply chain is now a necessity, not a luxury. Clients and banks must change.
Euromoney January 2010
Despite, or perhaps because of, the changing nature of the interbank market, liquidity has returned to most corners of foreign exchange. But uncertainties remain over quantitative easing, Japan and the recovery. The panel gathered at the end of 2009 to find we are still in uncharted territory.
Euromoney January 2010
The country’s huge budget deficit and stagnant growth have spooked ratings agencies and investors, already unsettled by the Dubai debacle. But Athens-based bankers have faith in their new government’s ability to bring the eurozone’s black sheep back into the fold. Phil Moore reports.
Euromoney January 2010
Regional airports, tanker operators and river shipping lines – the list of assets up for grabs in the latest privatization round is unlikely to send foreign investors into a frenzy. But fatter prey may be about. Angus McDowall reports.
Euromoney January 2010
Emerging Europe had a tough 2009, but as a new year dawns central bankers across the region hope it will bring back economic growth. The debate about regulation and ring-fencing capital begins here as they discuss how to prevent the region from plunging back into recession. Interviews by Chloe Hayward.
Euromoney January 2010
Latvia’s Parex banka is the one of the biggest victims of the financial crisis in central and eastern Europe. As its chairman tells Sudip Roy, it is pinning its recovery hopes on a good bank/bad bank strategy.
Euromoney January 2010
Investing in a Kazakh bank would be a risky, high-yield bet on a sustained global macroeconomic recovery. But some banks are already hoping to benefit from the country’s financial disasters. Dominic O’Neill reports from Almaty and Astana.
Euromoney January 2010
Asia’s best-managed companies have come out of the financial crisis in better shape than their peers. That’s no surprise: prudent gearing, transparency, good governance and clear strategy have characterized the leaders, highlighted in Euromoney’s Asia’s best managed companies poll. Chris Wright reports.
Euromoney January 2010
Revenues heavily weighted to OTC derivatives
Worst-case guidance: JPM could face revenue loss of $3 billion a year
Euromoney January 2010
IIF survey shows progress on risk governance, but compensation still a problem; Technology and data systems need overhauling
Euromoney January 2010
PIK deal shocks market; Market risks overshoot
Euromoney January 2010
Corporate issuance expected to fall by 20%; Financial firms will dominate capital markets this year
Euromoney January 2010
Succession of deals in closing weeks; UK sentiment lags far behind
Euromoney January 2010
Caution and safety in numbers in 2009; Accelerating investment in Q2 continuing into 2010
Euromoney January 2010
Threat of unjustified regulation of FX persists; Market suffers from lack of strong lobby
Euromoney January 2010
CME takes on upstart ICE; Clearing now open to banks and investors
Euromoney January 2010
Fears surrounding US will bolster demand; Gold ETFs boom, hedge funds also jump in
Euromoney January 2010
Domestic production a growing factor; State intent on building bigger gold reserves
Euromoney January 2010
All eyes on China bank deals for 2010
Euromoney January 2010
CDM set to encompass sectoral approach; China likely to corner chunk of trading revenues
Euromoney January 2010
JPMorgan only one in top five in all categories; Goldman drops out of top 10 in M&A
Euromoney January 2010
Leading banks launch new platforms; Volatile market presents challenges
Euromoney January 2010
WestLB and ING are committed; Project finance, capital markets main focus
Euromoney January 2010
Rusal IPO finally given green light after listing delay; First biotech deal comes to market
Euromoney January 2010
Euromoney January 2010
Euromoney January 2010
Euromoney January 2010
IIF survey shows progress on risk governance, but compensation still a problem; Technology and data systems need overhauling
Euromoney January 2010
European banks will seek to gain an advantage if global regulations can be agreed.
Euromoney January 2010
Banks are starting to assess the need to risk weight sovereign debt holdings.
Euromoney January 2010
Uncertainty remains over how Dubai plans to finance its large debt burden.
Euromoney January 2010
The resolution of rating agency treatment could mean corporate hybrids return in 2010.
Euromoney January 2010
Western bankers have overestimated opportunities and underestimated risks in hydrocarbon-exporting nations.
Euromoney January 2010
The fate of Vietnam’s ambitious $1 billion bond deal will tell us much about bond investors’ real risk appetites.
Euromoney January 2010
Central American country’s economy robust despite global downturn.
Euromoney January 2010
Last year was an odd one: waves of euphoria and despair that normally unfold over decades were compressed into 12 months. In the early part of 2009, you could smell the fear: even the wealthy were paralyzed by panic. Of course, with hindsight, one can see all the elements were in place for a massive boom in financial assets.
Euromoney January 2010
There is a near consensus that 2010 will be a banner year for commodities trading. Energy analysts are hard pressed to see anywhere for prices to go but up. TV ads urge householders to cash in their gold to exploit the boom. And banks of all types are scrambling to win a share of the commodities revenue that was once largely the preserve of investment banks led by Goldman Sachs and Morgan Stanley.
Euromoney January 2010
Two of the top-four bank commodity groups are run by women, unusually for the male-dominated world of sales and trading at investment banks.
Euromoney January 2010
Germany’s fiscal discipline imperative, which perforce will be imposed on the whole eurozone, is the key to a more dynamic, less state-heavy EU economy.
Euromoney January 2010
Reports of life in the barbarous relic have been greatly exaggerated.
Euromoney January 2010
This economic downturn is long past the point where banks might normally have started waxing lyrical about their commitment to relationship banking. Anticipating the end of past down cycles and sensing good opportunities ahead to lend, banks would already have tried to appeal to new customers by promising to stick with them through bad times such as those recently endured as well as the good.
Euromoney January 2010
Euromoney January 2010
Euromoney January 2010
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Euromoney January 2010
Euromoney January 2010
