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As Pakistan finalises a $7.6 billion bailout from the IMF, the country’s former prime minister says leadership and wisdom is required to help the globalized financial markets survive the financial crisis.
Published November 2008 euromoney.com
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Includes Bonds, Equities, Loans, M&A, MTN, Project Finance
Published October 2008 euromoney.com
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The long-anticipated ISDA auction settlement of Lehman CDS trades took place October 10 amid heightened nervousness in the market about what the impact of the final settlement price will be. The key issue in the Lehman auction is the net open interest (buyers versus sellers) for the contracts – which initi
Published October 2008 euromoney.com
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The US Federal Reserve is stepping beyond efforts to bolster and support short-term financial markets: it is replacing them.
Published October 2008 euromoney.com
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One option presented by Euromoney last week as an alternative to Paulson's US bail out plan included using public money to recapitalise the banks directly by taking equity stakes. The Treasury secretary now seems to be warming to this idea.
Published October 2008 euromoney.com
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Published October 2008 euromoney.com
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Published October 2008 euromoney.com
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Central and eastern Europe are a key division to UniCredit’s future success. Comprising 20 countries, with a regional market share of about 18%, historically the bank has grown its presence more through acquisition than organic growth.
Published October 2008 euromoney.com
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UniCredit is one of the world’s biggest financial groups but concerns over its capital base have made it vulnerable to panic-stricken investors.
Published October 2008 euromoney.com
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It's not too late to enact a better plan than the one the Treasury has put on the table. Peter Lee looks at alternative strategies that might prove sharper than Paulson's bailout plan.
Published October 2008 euromoney.com
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Despite approval of Paulson's bailout plan, it's not too late to devise a better approach than the one the Treasury has put on the table. Peter Lee looks at alternative strategies that might prove sharper.
Published October 2008 euromoney.com
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It's not too late to enact a better plan than the one the Treasury has put on the table. Peter Lee looks at alternative strategies that might prove sharper than Paulson's bailout plan.
Published October 2008 euromoney.com
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As Hank Paulson seeks to resubmit his action plan to save the US financial system, Euromoney considers whether he was ever the right man for the job, asks the questions that he desperately needs to answer, and analyses the mistakes he has made which mean, whether his bill is eventually passed or not, he has
Published October 2008 euromoney.com
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As Hank Paulson seeks to resubmit his action plan to save the US financial system, Euromoney considers whether he was ever the right man for the job, asks the questions that he desperately needs to answer, and analyses the mistakes he has made which mean, whether his bill is eventually passed or not, he has
Published October 2008 euromoney.com
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As Hank Paulson seeks to resubmit his action plan to save the US financial system, Euromoney considers whether he was ever the right man for the job, asks the questions that he desperately needs to answer, and analyses the mistakes he has made which mean, whether his bill is eventually passed or not, he has
Published October 2008 euromoney.com
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As Hank Paulson seeks to resubmit his action plan to save the US financial system, Euromoney considers whether he was ever the right man for the job, asks the questions that he desperately needs to answer, and analyses the mistakes he has made which mean, whether his bill is eventually passed or not, he has
Published October 2008 euromoney.com
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As Hank Paulson seeks to resubmit his action plan to save the US financial system, Euromoney considers whether he was ever the right man for the job, asks the questions that he desperately needs to answer, and analyses the mistakes he has made which mean, whether his bill is eventually passed or not, he has
Published October 2008 euromoney.com
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As Hank Paulson seeks to resubmit his action plan to save the US financial system, Euromoney considers whether he was ever the right man for the job, asks the questions that he desperately needs to answer, and analyses the mistakes he has made which mean, whether his bill is eventually passed or not, he has
Published October 2008 euromoney.com
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Conditions are turning tough in Japanese listed real estate. The Topix Real Estate index dropped 23% from mid-May (its peak so far this year) to the end of August, and the TSE Reit index is down 32.2% year to date.
Published September 2008 Liquid Real Estate Issue 07
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Australia has come out of the credit crunch reasonably well: its biggest banks show no danger of collapse, it has been insulated by its heavy concentration of big resource stocks, and its housing finance industry has been built on more stable foundations than that in the US. One area that has taken a hit, th
Published September 2008 Liquid Real Estate Issue 07
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The government bailout of mortgage agencies Fannie Mae and Freddie Mac has made the case for covered bonds in the US less compelling. After the collapse of the government sponsored entities (GSE), the need for alternative funding methods should have been clear. Instead, with the debt of both entities tighten
Published September 2008 Liquid Real Estate Issue 07
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The UK non-conforming mortgage market – colloquially known as sub-prime – was the only fully fledged non-prime mortgage market in Europe. It was one of the first sectors to suffer contagion from the US sub-prime crisis. Indeed, spreads on non-conforming RMBS began to widen in March 2007 – well before t
Published September 2008 Liquid Real Estate Issue 07
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KBC Asset Management UK will launch a Japan fund to take advantage of perceived future growth prospects. The seven-year closed-ended fund will invest principally in office, retail and industrial market sectors in Tokyo, Fukuoka, Osaka, and other big Japanese cities.
Published September 2008 Liquid Real Estate Issue 07
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Bernd Knobloch has left Eurohypo, where he had been chief executive and chairman of the board of managing directors. Frank Pörschke who joined the German real estate lender in September 2007 has been tapped to succeed Knobloch.
Published September 2008 Liquid Real Estate Issue 07
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TriAlpha has brought out a property fund of hedge funds called the TriAlpha Global Property Strategy fund. It seeks to invest in hedge fund managers specializing in the global property sector. Its portfolio includes funds from Credit Suisse, Thames River and New Star.
Published September 2008 Liquid Real Estate Issue 07
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GE Real Estate has appointed Mark Hutchinson to be president of the newly created GE Real Estate International, covering operations in Europe and Asia.
Published September 2008 Liquid Real Estate Issue 07
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The FTSE Group, in conjunction with the European Public Real Estate Association (Epra) and the National Association of Real Estate Investment Trusts (Nareit), is readying a new family of real estate indices for emerging markets. The indices, made up of listed property stocks, will be launched in December.
Published September 2008 Liquid Real Estate Issue 07
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The future of US mortgage agencies Fannie Mae and Freddie Mac is in the hands of politicians. Hours after the $200 billion bailout was announced in early September, Senate Democrats were calling for hearings to analyse the causes of the government-sponsored entities’ (GSE) demise. How the agencies look aft
Published September 2008 Liquid Real Estate Issue 07
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Royal Bank of Scotland’s Vesteda Residential Funding II commercial mortgage-backed securitization has shown that there is appetite for high-quality paper from well-known issuers. The €150 million five-year deal, executed in July, is the only externally placed CMBS in Europe this year, according to RBS. T
Published September 2008 Liquid Real Estate Issue 07
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GMAC Financial Services and its subsidiary Residential Capital (ResCap) announced the elimination of 5,000 jobs in the US as part of its survival plan as the downturn in the credit and mortgage markets persists. The move is part of ResCap’s plan to cut back its operation and adjust its lending to refocus i
Published September 2008 Liquid Real Estate Issue 07