Euromoney Skew Blog

WireTap 0900 08/02/12

February 2012

A round-up of the key stories across the specialist financial media, including news that Ivan Glasenberg plans to step down as CEO of Glencore.

WireTap 1400 08/02/12

February 2012

A round-up of the key stories across the specialist financial media, including news that global stocks have hit a six-month high as hopes for a worldwide economic recovery outweigh the negative impact of the eurozone fiscal crisis

UBS investment banking hits the bottom

February 2012

UBS isn’t doing too badly for a bank supposedly in the midst of a terminal crisis

WireTap 0900 07/02/12

February 2012

A round-up of the key stories across the specialist financial media, including news that Glencore has purchased Xstrata in a $90 billion deal

WireTap 1400 07/02/12

February 2012

A round-up of the key stories across the specialist financial media, including reports that finance watchdogs are set to crack down on shadow banking.

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Leadersrssfeed

Brazil: Playing fast and loose with reputation

February 2012

Brazil’s IPO market has been tarnished, so it’s imperative the first deal for 2012 is done with care and respect.

Impact investing: Banks and a fairer society

February 2012

Private banks are looking to help clients move away from the greed-is-good mentality.

Investment banking: The coming boom in FICC revenues

February 2012

The business is consolidating rapidly and survivors might enjoy rising market share and healthier margins.

Myanmar: From repression to opportunism

February 2012

US and European banks might soon do business in Myanmar, and could learn much from Indonesia and Vietnam’s transitions.

Sovereign debt restructuring: The cost of abandoning equal treatment

February 2012

The ECB doesn’t have to take the same losses on Greek debt as the private sector – but it should.

Asia: Capital outflow resilience

January 2012

So long as Asian markets remain risk-on bets to global portfolio managers, capital will continue to flee when things get bad elsewhere.

Basle scrutinizes capital relief trades

January 2012

Cost of protection under scrutiny as demand for risk transfer grows.

Capital markets: The Russian winter will endure

January 2012

Russia’s capital markets face a difficult future. Even if the will for change is there, it will be a long and difficult process.

ECB: Two cheers for the three-year LTRO

January 2012

Will Europe’s leaders do enough to convince banks to finance its problem sovereigns through an ECB-led carry trade?

Investment banking: No succour from fee data

January 2012

A look at 2011’s investment-banking business makes grim reading for banks fearing a further decline this year.

Renumeration: Out of touch with reality

January 2012

Compensation levels in the US show that most bank CEOs have yet to learn the meaning of the word restraint.

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Columnists

LTRO2: No bank safety in Draghi’s massive numbers

February 2012

The market’s almost hysterical reaction to the European Central Bank’s December three-year LTRO shows just how much funding pressure had built up among Europe’s banks in the second half of last year.

Macaskill on markets: Einhorn judgement could lead to greater scrutiny of CDS trading

February 2012

David Einhorn’s £7.2 million ($11.3 million) fine by the UK’s Financial Services Authority for insider trading in Punch Taverns stock should make some hedge fund managers and investment bankers very afraid.

Sideways: The ‘self-effacing’ activists

February 2012

When David Einhorn was sanctioned by the UK’s Financial Services Authority at the end of January he was described in one newspaper profile as “self-effacing”, which was an odd phrase for a hedge fund manager who relishes the spotlight, at least by the standards of the industry.

Abigail with attitude

February 2012

Inside investment: Out of the shadows

February 2012

New strictures have breathed life into shadow banking – it now constitutes about a quarter of the global financial system – and regulators fear they have created a monster. But look closer and there's much more to this financial Frankenstein…

Abigail Hofman: Making sense of the furore over Stephen Hester’s bonus

January 2012

By industry standards, Hester deserved a bonus from RBS; by political imperative, he should never have agreed to accept it. But could this dreadful saga be a mere warm-up for bank bonus season in the UK and beyond?

Abigail with attitude

January 2012

Against the tide: Bleak midwinter in euroland

January 2012

Europe’s leaders aren’t giving the currency what it needs: reform, fiscal discipline and international support.

Inside investment: Building blocks of recovery

January 2012

It is hard to be optimistic about 2012. But much of the bad news is reflected in prices and a confluence of factors could yet provide support for equity markets and other risky assets.

Macaskill on markets: An unhappy new year for corporate activity

January 2012

Banks face tough decisions on how hard they should fight to retain sales and trading market share in different sectors, as the great deleveraging drive of 2012 gets under way.

Sideways: Trying to square the ‘truth circle’

January 2012

More coals were heaped on the head of Johnny Cameron after the details in December’s FSA report on the failure of RBS revealed how little he appeared to understand the mechanics of structured credit when he was head of global banking and markets at the firm.

The currency ceasefire

January 2012

When, in December, Brazil withdrew its IOF tax on foreign investments in Brazilian equities many breathed a sigh of relief – not just for the marginal benefits that the removal will have on the poorly performing Bovespa, but because it could be seen as the end of the currency wars. The rapid appreciation of emerging market currencies had led Brazil to introduce a range of capital controls aimed at stemming the capital inflows that pushed the real to $1.50.

Abigail on Nomura: an ugly end to a messy episode

January 2012

Abigail Hofman has consistently called for Nomura to rethink its global strategy. What was behind the sudden departure of Jesse Bhattal, and what needs to happen next?

Abigail with attitude: No end in sight to anti-banker hysteria

January 2012

With deals still hard to come by, what can investment bankers do when they have nothing to do? And what was behind Michel Peretié’s sudden departure from SocGen?

Abigail Hofman: Bank opprobrium index will break the mercury in 2012

December 2011

Who’d be a bank chief executive? Most fear that 2012 will make a tough 2011 seem like a cake-walk; and it could be the year of the chop at the top of the industry

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Front end



Quotes of the month



Off the record

Off the record

February 2012

Off the record

January 2012

Off the record

December 2011

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Videos

Russia debate videos: The internationalising of Russia’s capital markets

January 2012

Pioneer Yunus promotes a social business network: Muhammad Yunus video interview

January 2012

In a society obsessed with maximizing profit, Muhammad Yunus, Nobel Peace Prize winner and pioneer of microfinance through Grameen Bank in Bangladesh, has a new goal: to get business and finance to take off its ‘profit-maximizing glasses’ and think about its role in society instead

Cash management partnership video

August 2011

Local and global cash management banks are forging stronger partnerships as they aim to offer clients the widest geographic coverage they can in a low interest rate environment. Euromoney speaks with Paul Camp at Deutsche Bank and Tolga Egemen at Garanti Bank on how these partnerships aim to achieve and provide these services, with attention to detail in a seamless fashion.

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Debates

Cash management debate: Participants

January 2012

Cash management debate: What cash management can do for corporates

January 2012

Bankers and corporate treasurers discuss what they are looking for from their relationships and the challenges of funding, the eurozone, Basle III and Sepa.

Russia debate: Crisis presents opportunity for Russia

January 2012

Russia’s capital markets remain upbeat, despite negative forecasts from the IMF. Amid the eurozone crisis, market players see an opportunity for the country to prove itself as a developed and reliable financial centre. Bankers, investors and issuers discuss what needs to happen next.

Russia debate: Participants

January 2012

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