June 2010
| Euromoney June 2010 European governments are layering new levels of debt onto their stricken economies in a doomed attempt to solve a problem that was created by debt in the first place. Their measures are little more than confidence tricks. Widespread sovereign debt restructuring looks increasingly likely. Peter Lee counts down to the inevitable day of reckoning. |
Euromoney June 2010
European bank rehabilitation is at risk as funding markets are dislocated by the sovereign debt crisis. Will governments be forced to underwrite their lending again? And what does it mean for companies when the global economy is showing signs of recovery and default rates are falling? Hamish Risk reports.
Euromoney June 2010
Investment banking heads are confident that they can turn a government-sponsored trading boom into an enduring customer-based cash machine. Regulatory reform and renewed volatility threaten revenues, but the leaders think they have created a moat around their core earnings. Jon Macaskill reports.
Euromoney June 2010
After weathering the financial crisis better than most of its rivals, the bank is adopting an aggressive strategy in Asia. It has spent heavily and hired top talent, but getting the new generation to gel with the old won’t be easy. Lawrence White spoke to the heads of the main businesses.
Euromoney June 2010
The insurance industry needs to consolidate as regulatory pressures build and margins shrink. Yet last year M&A activity in the sector was at a record low. The beginning of 2010 looked promising, but if the Prudential/AIA deal does not succeed, will it signal to the market that it’s still not time? Helen Avery reports.
Euromoney June 2010
Euromoney June 2010
The government of Turkey has plans to turn Istanbul into an international financial centre. The historical, geographic and political reasons behind the plan seem sound but the details suggest that practicalities might put the project out of reach. Nick Lord reports from Istanbul.
Euromoney June 2010
The regulatory bombshell of Basle III has resulted in an almost complete halt to hybrid tier 1 issuance. Banks now need to decide whether they can afford to wait on the sidelines or whether they should issue and let the regulatory chips fall where they may. Louise Bowman reports.
Euromoney June 2010
The world’s largest borrowers in the international bond markets rate the products and services offered by the biggest deal arrangers.
Euromoney June 2010
A survey of 1,700 leading fixed income investors puts the French bank in pole position for credit research. But Barclays and JPMorgan are close behind.
Euromoney June 2010
The turbulent markets of the past two years have provided a unique challenge to debt issuers that can never be closed out of the market. Clive Horwood asked four of the world’s leading borrowing officials how they have maintained access throughout the crisis. From cooperative bonds to building their own banks, the best issuers continue to innovate.
Euromoney June 2010
The region’s debt markets have withstood the convulsions in western Europe with surprising ease. Has the global perception of risk irrevocably changed or will the region eventually get caught up in the maelstrom? Sudip Roy reports.
Euromoney June 2010
The Brazilian investment bank has hired some big-name bankers, many from UBS, and wants to develop business linking Latin America with European and Asian investors and corporates. Can its fruitful partnership structure survive if it undertakes an IPO? Chloe Hayward reports.
Euromoney June 2010
Financial inflows have failed to transform the country into a dynamic, growth economy. However, its present crisis, which the government seems determined to solve, might be an opportunity to put in place reforms. Jeff Lewis reports.
Euromoney June 2010
Transaction banks face the double threat of falling cash balances at financial institutions and a changing regulatory environment. Laurence Neville reports on their efforts to keep ahead of the game.
Euromoney June 2010
The balance between centralized and local processes in cash management is a complex issue that varies according to the special requirements of particular corporates. Users and providers discuss the issues in this roundtable.
Euromoney June 2010
The nightmare of being held against his will is finally over for David Proctor, the former chief executive of Al-Khaliji Bank. Reunited with his family, he can finally reveal the extent of his ordeal, and issues a stark warning to other finance professionals looking to do business in Qatar. Eric Ellis, the reporter who broke news of his plight, spoke to Proctor in Singapore.
Euromoney June 2010
The country’s SMEs have not suffered from the credit drought that has hit some other western economies. Things might get harder as the economy picks up, but lenders to the Mittelstand appear eager to stand by their customers. Philip Moore reports.
Euromoney June 2010
Analysts say forbearance disguises scale of bad debt problem; Santander insists its own stress tests give it confidence
Euromoney June 2010
Diversification and scale key to deal; Unlikely to spur other M&A say participants
Euromoney June 2010
Bank makes three key hires; Issuance volumes likely to rise across all three regions
Euromoney June 2010
Euromoney June 2010
Circuit breakers no cure say participants; Confidence in equity markets needs to be restored
Euromoney June 2010
Cash from HY refinancings; New US CLO deals emerge
Euromoney June 2010
Trade may be Basle III-driven; Reverse enquiry likely
Euromoney June 2010
Platforms struggle to process trades; Aggregation services claim a victory
Euromoney June 2010
Euromoney June 2010
European regulation could favour US assets; US growth prospects better than Europe’s
Euromoney June 2010
President focuses on technical overhaul and domestic growth; Mulyani’s resignation triggers plunge
Euromoney June 2010
IPL is India’s free market champion; Direct correlation between IPL and Sensex
Euromoney June 2010
Euromoney June 2010
Customers claim fees excessive; NBA up against CDO claims
Euromoney June 2010
Lower-than-expected acceptance rate for first phase; Deal is key to market re-entry
Euromoney June 2010
Bank rebuilds in Latin nation; Hopes to gain investment banking licence soon
Euromoney June 2010
First debut deals in nearly two years; Bankers expect more regional issuance
Euromoney June 2010
President tries to eliminate parallel FX market; Claims irregularities taking place
Euromoney June 2010
Bankers expect more deals; Opportunities in natural resources
Euromoney June 2010
Restructurings likely to lead to re-rating of financial sector risk; Domestic markets insufficient for future growth
Euromoney June 2010
Egypt’s bonds helped by rarity factor; Both tranches hold ground against Russia
Euromoney June 2010
Delays in key project finance deals; Few opportunities in contractor financing
Euromoney June 2010
Airport, port deals help expand capacity; Private and public lenders show support
Euromoney June 2010
Private lenders sold to foreign groups; Decisions awaited in bank licence auction
Euromoney June 2010
Sale proceeds to be reinvested in Africa; StanChart in Africa/Middle East custody push
Euromoney June 2010
The German chancellor’s short-selling ban had no impact other than to increase speculation about the future of the eurozone.
Euromoney June 2010
Exchanges might prove temporary fixes rather than permanent solutions.
Euromoney June 2010
Amid the threat of competitive devaluations, the US and the eurozone need help from the new emerging market powers.
Euromoney June 2010
Dubai World’s debt restructuring shows that orderly, voluntary agreements are the best solution to a crisis.
Euromoney June 2010
The outcome of Japan’s first rights issue has critical implications for the market.
Euromoney June 2010
Sentiment in Gulf property is picking up but a truly sustainable recovery is impossible.
Euromoney June 2010
Euromoney June 2010
The attack of the machines or flash crash in US stocks on May 6 highlighted serious problems in the one corner of the markets that is supposedly an oasis of liquidity and transparency. This does not augur well for plans by regulators to push fixed-income markets such as credit towards electronic trading and settlement.
Euromoney June 2010
As electronic trading is dragged blinking into the sunlight, more careful name choices for platforms and systems might be a good idea, if only from a public relations standpoint.
Euromoney June 2010
The EU’s single-currency system is under great stress but will not reach breaking point so long as Germany wants it to survive.
Euromoney June 2010
The euro will survive. But the self-preservation instinct of its architects must mean the defenestration of Greece.
Euromoney June 2010
For the briefest of moments the news of European Union plans to bail out eurozone members that could not meet their debt obligations brought a sense of calm to the market.
Euromoney June 2010
Euromoney June 2010
Euromoney June 2010
Euromoney June 2010
Euromoney June 2010
Euromoney June 2010
Euromoney June 2010
Euromoney June 2010
