January 2011
| Euromoney January 2011 In his final interview as chief executive of HSBC, the bank he served for almost 40 years, Mike Geoghegan answers the questions that matter. Did he jump or was he pushed? Should HSBC remain supervised and headquartered in the UK? What happened to the Nedbank takeover? Will the bank list in Shanghai? And he reflects on a stellar career that mirrored the globalization of banking, and in which he was forced to deal with many financial crises. |
Euromoney January 2011
The EU’s European Stability Mechanism will make last resort funding for distressed sovereigns conditional on restructuring their debts. However, some restructuring specialists argue pre-emptive involvement with private sector creditors is the cheapest solution for all concerned. Hamish Risk reports.
Euromoney January 2011
Magnus Böcker has had a string of successful securities exchange mergers. Now chief executive of the Singapore Exchange, he hopes to conclude a fruitful merger with the Australian Stock Exchange. Chris Wright reports.
Euromoney January 2011
Asia’s best-run companies are taking advantage of strong domestic growth to integrate and expand, while the tough global environment distracts their peers. Chinese and Indian companies are leading the charge. This year’s Euromoney best-managed companies in Asia survey highlights some of the region’s world-beaters. Lawrence White reports.
Euromoney January 2011
The president of the EBRD tells Sudip Roy why adopting the euro is still the best option for central and eastern Europe’s EU members.
Euromoney January 2011
The ousting of long-time mayor Yury Luzhkov could pave the way for the sale of a number of prime assets owned by the Russian capital’s administration. Guy Norton reports.
Euromoney January 2011
As much as bankers complain about politicians, the country’s biggest problem might be the banks themselves. Whoever is to blame, financial collapse could be just around the corner. Dominic O’Neill reports.
Euromoney January 2011
Western bankers have paid a heavy price for their expansion into the further reaches of central and eastern Europe yet the region still offers potential for growth. With recovery on the way, will banking groups be able to resist making the same mistakes again? Lucy Fitzgeorge-Parker reports.
Euromoney January 2011
The two countries will not be able to sustain their export-led growth policies while inflation is boosted by QE II. Beyond that, the reduction of US deficits will further undermine Chinese and German exports, writes Charles Dumas of Lombard Street Research.
Euromoney January 2011
Basle III has been agreed and rubber-stamped in a remarkably short time. It might make the banking system more robust, but it has also ridden roughshod over some markets with near flawless reputations. One of them is Denmark, whose covered bond market is under threat. Hamish Risk reports
Euromoney January 2011
Central and eastern Europe is not a single entity when it comes to cash management. EU members in the region are committed to the union’s payment principles. By contrast, Russia and other non-EU states have much more ground to make up. Laurence Neville reports.
Euromoney January 2011
In the first part of this roundtable on cash management, Euromoney looks at the increasing expectations from corporates of what cash management banks should offer. The second and concluding part will be published in the February issue.
Euromoney January 2011
Competition is intense in trade finance banking while the funds banks need to engage in it are harder to raise, reducing margins. Basle III will probably only make things more difficult. So, paradoxically, fierce rivalry runs parallel to collaboration and increased risk sharing. Laurence Neville reports.
Euromoney January 2011
Foreign exchange traders are getting used to huge volatility in their two core markets – the euro and the dollar. But they’re still battling regulators to prevent what they consider would be a damaging move to trading on exchanges.
Euromoney January 2011
Extent of US bank failures to be revealed in H2 2011; M&A in US banking sector will be subdued
Euromoney January 2011
Bank has had good results by sticking to its derivatives skills; Michel Péretié, head of CIB, is seeing first fruits of investment in M&A advisory
Euromoney January 2011
Bank has fought back up the DCM rankings; Merger of DCM and global transaction banking coverage partly explains how
Euromoney January 2011
Success crucial for sovereign debt markets; Strong investor demand expected
Euromoney January 2011
Treasury secretary to make ruling in Q1; Risk mitigation duplicated, costs increased
Euromoney January 2011
New rules boost transparency; Goldman launches MTF
Euromoney January 2011
Launches find it hard to raise capital; Investment banking salaries prove more appealing
Euromoney January 2011
IPO outlook solid for 2011; Banks fear investor euphoria threatens danger
Euromoney January 2011
Observers of the Japanese government bond market are sounding a note of caution at the start of this year, amid concerns that the domestic investors that have propped up the market for so long might finally lose their nerve.
Euromoney January 2011
Euromoney January 2011
Sovereign wealth funds buy in; Firm now valued at $9.7 billion
Euromoney January 2011
Airports deal ended year in style; Infrastructure issuance a rising trend
Euromoney January 2011
Government loans to BNDES to be restricted; Tax breaks for long-tenor investors
Euromoney January 2011
Local regulators keen to attract new entrants; Aversion to banks exacerbated by AUB affair
Euromoney January 2011
Euromoney January 2011
Investor appetite returns; Listed companies tipped to debut
Euromoney January 2011
Highlights growing importance of food sector; Part of growing M&A trend
Euromoney January 2011
Negotiations on government purchase of Surgutneftegaz stake; Surprise offer to buy out minority shareholders at INA
Euromoney January 2011
Mumtalakat to diversify portfolio; Alba IPO raises $338 million
Euromoney January 2011
Banks might refuse to underwrite and distribute sovereign debt at risk of principal reduction.
Euromoney January 2011
Bondholder standoff on the cards at ailing Punch.
Euromoney January 2011
The SEC’s regulatory interest in the market in private-company shares might cripple this source of funding.
Euromoney January 2011
What multinationals really want to know: when can we issue debt on the Chinese mainland?
Euromoney January 2011
Corporates are still squirrelling away cash, so bond issuance has shrunk. When and how will the cash be put to work?
Euromoney January 2011
Will South Africa join the growing club of interventionist central banks?
Euromoney January 2011
Last month, Euromoney attended a reception celebrating a landmark anniversary for one of China’s leading financial institutions. The event was held in an historic London building and was attended by several dignitaries and luminaries of the investment world.
Euromoney January 2011
This month there will be a changing of the guard at UK bank plc. I will be watching with interest as the new boys put on their bullet-proof vests and tin hats and go into battle.
Euromoney January 2011
If market confidence in the eurozone is to be restored, not just Greece and Ireland but also Portugal and Spain need the attention of the EU’s Financial Stability Facility.
Euromoney January 2011
Euromoney January 2011
Euromoney January 2011
Euromoney January 2011
Euromoney January 2011
Euromoney January 2011
Euromoney January 2011
