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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


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Quotes of the month



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BoE: When is a bail-out not a bail-out?

May 2008

The Bank of England’s special liquidity scheme does nothing that hasn’t already been done by the Fed and the ECB – except on more onerous terms.

Crunch time for emerging Europe

May 2008

A reduction in foreign capital flows means that many banks in eastern Europe are indirect victims of the credit crunch.

Death bonds: The perils of sub-prime death

May 2008

The US secondary market in life insurance is being extended to sellers who can ill afford to relinquish their policies.

Online extra: The case for compulsion

May 2008

Does the EC need to force clarity on clearing.

Paraguay’s future hangs in the balance

May 2008

Freeing up markets would help the country lose its tag as the poor man of Latin America.

The rise of state-owned banks

May 2008

The crisis suggests that privately owned banks are not self-evidently better managed nor more effective at allocating capital than state-owned ones.

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Columnists

Against the Tide: It’s a suckers’ rally

May 2008

Only suckers believe that the remedies applied to the credit crisis have cured the underlying sickness. There’s more painful adjustment to come, and it could last two to five years.

Inside Investment: Currency disunion

May 2008

With the euro hitting fresh record highs against the dollar, it must be tempting for European policymakers to crow. However, complacency could lead to crisis.

Abigail Hofman: "We’re here to save the world and we don’t need any questions"

April 2008

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: Armageddon has arrived

April 2008

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.

More columnists stories


Debates

Alternative investments debate: Participants

May 2008

Alternative investments debate: Seeking the new alternatives

May 2008

The rise of alternative beta strategies seems inevitable as investors chase greater levels of diversification in their portfolios. What are the secrets of alternative beta’s success and what obstacles can still impede its progress?

Cash management debate: Participants

May 2008

Cash management debate: The march of progress

May 2008

Sepa came into being in January but there is still much work to be done before the full benefits come through for banks and corporate customers. What are the main threats or opportunities of the developments? What obstacles have to be overcome? Euromoney’s debate panel wrestles with the key issues.

FX debate: Participants

May 2008

FX debate: Testing times in the search for alpha

May 2008

The sideways, low-volatility markets of the past two years are gone, so how should investors review their currency management strategies? Should they consider shifting mandates from quant to discretionary? And should capital preservation take over from return maximization?

MTN debate: Coping with the crunch in private

April 2008

With the public markets all but closed, issuers have turned to private and structured products to fulfil their requirements. Those who have maintained the best relationships with their investors and dealers have proved best able to ride out the turmoil, printing deals at half their CDS levels or better. Infrequent borrowers and those who have taken cheap funding for granted are in for a shock.

Inflation-linked debate: The upside of rising prices

March 2008

Inflation, far from being a thing of the past, is back in the forefront of investors’ and issuers’ minds. The increased use of innovations such as liability-driven investment means a rise in demand for inflation-linked products. How are the markets responding?

Structured products debate: New challenges in structured products

March 2008

Structured products debate: presents a range of new challenges for providers and distributors of structured notes. Representatives of leading structured products houses discuss those challenges, and the opportunities.

More debates stories

I’ve reluctantly discarded the notion of my continuing to manage the portfolio after my death – abandoning my hope to give new meaning to the term ‘thinking outside the box

The 84-year old Warren Buffett announces in February’s annual letter to Berkshire Hathaway shareholders that he has identified to the board four potential candidates who could take over from him

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