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Scandals fraud and losses in the financial markets

Scandals fraud and losses in the financial markets

HSBC is the latest bank to be hit by attempted fraud, which Euromoney was first to report.

Abigail Hofman

Abigail Hofman

We’re here to save the world and we don’t need any questions

Banking


  • The credit crunch heads east: Russian banks prepare for battle

    Just as banks in Russia were beginning to resemble their peers outside the country, engaging in conventional retail and corporate banking, the western financial market crisis hit. Reduced availability of long-term funding from abroad highlights the shortage of such a market in Russia and reveals a systemic v

    Euromoney May 2008

  • Banking: US urges financial services development in Latin America

    Senior officials at the US Treasury are urging Latin American countries to pursue policies that will help grow their mortgage markets, despite the sub-prime woes of the US.

    Euromoney May 2008

  • Scandals fraud and losses in the financial markets

    Last Friday's FT.com carried an article

    Published May 2008 euromoney.com

  • Saudi: Can a mortgage desert bloom?

    While elsewhere the mortgage market is drying up and securitization is quiescent, the biggest economy in the Gulf is trying to expand both. The finishing touches are being applied to laws on the Saudi mortgage market but it’s uncertain they will provide enough flow to meet demand for funding. Dominic O’N

    Euromoney May 2008

  • HSBC calls in police for €90 million fraud investigation

    HSBC is the latest bank to be hit by attempted fraud. According to sources, police were called in to the Canary Wharf head office to remove two operations staff members on Friday April 25.

    Published April 2008 euromoney.com

  • Abigail Hofman: "We’re here to save the world and we don’t ...

    The world is starting to resemble a spinning top: one week the markets soar, the next they sink. Even mighty masters of the universe are confused: hedge funds and banks had a dire month in March. Abigail Hofman

    Published April 2008 euromoney.com

  • Sovereign wealth funds

    An in-depth look at the state-owned sovereign wealth funds that are now dominating the attention of the world's financial markets. Read Euromoney's unrivalled guide to the different strategies and investment styles of these hugely important funds – and learn how investment banks are trying to maximise thei

    Published April 2008 euromoney.com

  • Investment banking: Merrill Lynch grows as UBS shrinks

    Despite reporting its first annual loss in 2007 and forecasts of further credit write-downs in the first quarter, Merrill Lynch is getting out the chequebook for its Latin American business. The firm has gone on a shopping spree and plucked the cream of the Latin American investment banking crop, especially

    Euromoney April 2008

  • The not so hidden benefits of Barclays’ new bank

    The not so hidden benefits of Barclays’ new bank

    Euromoney April 2008

  • Cash management: How to make the most of a merger - Brian ...

    Brian Stevenson is the head of the new global transaction services division at RBS, following its acquisition of ABN Amro’s business. In his first interview since he took the job, he talks to Laurence Neville about separation, integration and what the future holds.

    Euromoney April 2008

  • African banking: Barclays and Absa fall out over bank sales

    Cross-border partnerships are tricky at the best of times. Each side tends to be wary of the other. Often cultural differences come to the fore. And then there’s the internal politics. So the failure of Barclays and Absa, the South African bank in which Barclays holds a 60% stake, to reach agreement on the

    Euromoney April 2008

  • Private banking: Banks race to keep up with China’s rich

    They are China’s emerging rich: hundreds of thousands of entrepreneurs making money hand over fist. They want that money to work hard for them. And they are the target market for a new domestic industry: private banking. Chris Wright reports.

    Euromoney April 2008

  • Against the Tide: It’s not even half-time for the credit crisis

    More assets are yet to be hit in the credit crisis and, as leverage continues to fall out of play, liquidity will keep on drying up. Equity prices are bound to fall still further too.

    Euromoney April 2008

  • The good old days for hedge funds: Goodbye to all that

    Are banks biting the hand that feeds them? Perhaps, but what choice do they have?

    Euromoney April 2008

  • The New Masters of Risk? How insurers are testing out their ...

    Euromoney’s ground-breaking poll of large corporate users of insurance reveals the best insurance companies and brokers globally and by region. The chief executives of the industry leaders tell Peter Lee how these customers’ increasing sensitivity to, and sophisticated appreciation of, all manner of risk

    Published April 2008 euromoney.com

  • StanChart: too big to be niche

    Its strength in emerging markets makes it a serious player in FX.

    Published April 2008 euromoney.com

  • Abigail Hofman: Armageddon has arrived

    We are engulfed in a tornado of gloom. Wall Street titans and employees alike have seen their share options decimated, pension pots plummet and everyone feels insecure about job security. I’m hearing that investment banks need to cut 20% of their employees to accommodate lower profitability. Abigail Hofman

    Published April 2008 euromoney.com

  • Investment banking: Merrill Lynch grows as UBS shrinks

    Despite reporting its first annual loss in 2007 and forecasts of further credit write-downs in the first quarter, Merrill Lynch is getting out the chequebook for its Latin American business.

    Published April 2008 euromoney.com

  • UBS to appoint David Sidwell as non-executive director

    Published March 2008 euromoney.com

  • Deutsche Bank prunes commercial property

    Published March 2008 Liquid real estate Issue 05

  • Axa taps European research head

    Published March 2008 Liquid real estate Issue 05

  • Boost for Bahrain’s mortgage market

    The Kingdom of Bahrain’s Real Estate Finance company (Reef) has secured $150 million in warehouse financing to bolster its local mortgage lending activities. The facility, provided by Calyon Crédit Agricole CIB, enables Reef to diversify its funding sources. Ultimately, the mortgage portfolio could be use

    Published March 2008 Liquid real estate Issue 05

  • Jones Lang’s Jolly lands at Merrill

    Published March 2008 Liquid real estate Issue 05

  • Colliers International Hellas hires two

    Published March 2008 Liquid real estate Issue 05

  • Sovereign wealth funds: Sovereigns sets sights on property

    Having bailed out the US investment banks in their hour of need, sovereign wealth funds are also turning their vast pools of cash towards real estate. Industry experts predict a doubling of investments by these funds to $10 billion within five years.

    Published March 2008 Liquid real estate Issue 05

  • UK mortgage lenders try to shore up funding

    As the Northern Rock saga rolls on, UK mortgage lenders that had frequented the now-shuttered residential mortgage-backed securities market are seeking to fortify funding lines. Alliance & Leicester, one of the country’s largest lenders, with a £41 billion ($82 billion) prime mortgage portfolio, is one op

    Published March 2008 Liquid real estate Issue 05

  • Morgan Stanley slashes US residential business…

    Published March 2008 Liquid real estate Issue 05

  • …As Lehman Brothers axes 200 in UK

    Published March 2008 Liquid real estate Issue 05

  • …While Scarles is tapped to chair property derivatives group

    Published March 2008 Liquid real estate Issue 05

  • Santander completes sale and leaseback series

    Banco Santander has completed the sale of its Spanish corporate property portfolio through a series of sale-and-leaseback transactions. The deals, executed over seven months, brought more than €4.3 billion into the bank’s coffers, €1.681 billion of which was a capital gain. The sale of the bank’s Mad

    Published March 2008 Liquid real estate Issue 05

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