February 2010
| Euromoney February 2010 A strategy of integration is paying rich dividends for Credit Suisse, sending the Swiss private bank storming past local rival UBS to take the top spot in the global rankings. Now it needs to maintain that momentum. Helen Avery reports. |
Euromoney February 2010
Legendary troubleshooter Oswald Grübel has had a tough first year at UBS, trying to mend the bank’s tattered reputation and staunch the outpouring of client money. But his biggest challenge may be convincing the markets that his methods are working. Peter Lee reports.
Euromoney February 2010
It was meant to be another year of difficulty and potential disaster. But 2009 provided much more than even the arch-optimist could have expected.
Euromoney February 2010
Dubai World’s proposed restructuring has given the emirate precious time to begin to get its affairs in order. A painful adjustment process is in prospect. Sudip Roy reports from Dubai.
Euromoney February 2010
The financial crisis and its reverberations have been felt dramatically across the private banking industry. The status quo has been altered and new leaders have emerged, as the Euromoney 2010 private banking poll reveals. Helen Avery reports.
Euromoney February 2010
Offshore banking centres and the code of secrecy are under attack by governments hungry for tax revenues. But Switzerland’s private banks are adapting fast, and finding strength in openness and innovation. Helen Avery reports.
Euromoney February 2010
With a long-standing reputation for stability and sound advice, JPMorgan was ideally placed to profit from wealthy investors’ mistrust of other managers during last year’s market mayhem. Doug Wurth, head of its international private bank, tells Helen Avery how his division kept its cool and its clients during the crisis.
Euromoney February 2010
Eager to move out of the low-yielding cash they sheltered in during the crisis, clients of Asia’s private banks are moving to riskier assets, with a renewed interest in diversification. Will that also mean diversifying their choice of banks? Lawrence White reports.
Euromoney February 2010
Brazilian equities proved irresistible to investors in 2009, but private bankers are looking elsewhere for returns amid fears that the love affair might not last another year. Chloe Hayward reports.
Euromoney February 2010
The acquisition of Sal Oppenheim accelerates Deutsche Bank’s ambitious private banking growth strategy. Peter Lee reports.
Euromoney February 2010
Private banks draw on their groups’ retail base, while there has been a revival in appetite for structured products. Helen Avery reports.
Euromoney February 2010
After hundreds of millions of euros of investment, banks are finding that the EU’s single payments area (SEPA) is not the promised land. Early adopters think the blame lies with politicians and want them to save Sepa by forcing through migration. Laurence Neville reports on a flawed but not failed initiative.
Euromoney February 2010
Turmoil in banking has changed transaction services. Just as it has become crucial to extract every last efficiency from treasury, clients face new choices and new uncertainties. How should they choose their banks? How can they manage their risks? What should their treasury look like?
Euromoney February 2010
In all the talk of regulation, the distinction between settlement risk and counterparty risk seems to have been blurred. The FX market survived the crisis best.
Euromoney February 2010
UBS and Morgan Stanley beef up to regain market share;
Broader competition from the French banks
Euromoney February 2010
Euromoney February 2010
French bank’s write-downs spook investors; But head of SG CIB says strategy is working
Euromoney February 2010
Capital regulators tighten rules; Banks required to set aside more capital
Euromoney February 2010
First bond issue of the year gets plenty of bids; fails in secondary trading; Fears that Greece might have to keep raising premium to attract investors
Euromoney February 2010
Funds want more issuance, please; Non-prime ABS will face period of higher financing costs
Euromoney February 2010
Platforms form lobby group to counter proposals
Euromoney February 2010
High-yield investors stayed on sidelines; Bondholders take early bath
Euromoney February 2010
Average daily spot jumped 32%, says FEC
Euromoney February 2010
Record number of funds seek cash; Debt appetite returns
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
High yield, Korea, financials among key themes; China the top local-currency market
Euromoney February 2010
Indonesia, Philippines, Vietnam debt mandates won; Challenge of growing ECM, M&A in competitive field
Euromoney February 2010
Euromoney February 2010
Governor leaves after stand off; $6.6bln transfer at root of conflict
Euromoney February 2010
Banco do Brasil considering US acquisitions; M&A volumes expected to pick up
Euromoney February 2010
Selective devaluation only of short-term efficacy; Power supply crisis looms
Euromoney February 2010
Marchenko plays down Eurobond option; Bank restructurings nearing completion
Euromoney February 2010
Share prices rebound; Pressure on recapitalizations at year-end
Euromoney February 2010
Euromoney February 2010
Local players and foreign firms show interest; Expansion capital and turnaround opportunities sought
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
Integration has become the key goal as banks look to boost their wealth management revenues.
Euromoney February 2010
Martin Redrado departs as central bank governor of Argentina after standing by his principles. Someone will regret that, but it probably won’t be Redrado.
Euromoney February 2010
If Islamic finance is to be more than just a marketing fad, radically new products must be developed.
Euromoney February 2010
Investors are showing their nerves in the CDS market.
Euromoney February 2010
The Russian aluminium company’s stock market debut seemed ill-fated from the start.
Euromoney February 2010
Distressed-debt investors will continue to need deep reserves of patience during this downturn.
Euromoney February 2010
Hedge fund AUMs are on course to equal their 2008 peak, and Obama’s bank reform proposals should help, not hinder, the sector.
Euromoney February 2010
IFR awards; HSBC cocktails; the US banks' Q4 reporting, or, a party without the punchbowl.
Euromoney February 2010
The unexpected lurch towards tighter regulation by the Obama administration has focused an unwelcome spotlight for banks on the dirty secret of their sales and trading operations: exactly how much is made from proprietary risk-taking by business lines with a nominal client focus.
Euromoney February 2010
Euromoney February 2010
Greece has a tough road ahead of it to restore economic health and credibility. But those who believe it will default, leave the eurozone or abandon the EU are living in a fantasy world.
Euromoney February 2010
Is the money management industry – or ought it to be – facing an existential crisis?
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010
Euromoney February 2010