Asia

Private banking 2012: Keeping it local in China

February 2012

Despite internationalization, local is still considered best when it comes to private banking advice. To find out why, Euromoney spoke to two of the sector’s leading figures.

Taiwan: Cross-strait banking plans to bear fruit

February 2012

Taiwanese focus on Fujian; Hua Nan logical trailblazer

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.

Private banking heads still eye US, UK and other developed markets for growth

February 2012

Despite emerging markets being heralded as the beacon for growth, CEOs and global heads of private banking at the world’s largest firms tell Euromoney they are still expanding and seeking growth in the US and other developed markets

Dwindling M&A to be boosted by restructuring

January 2012

While transformational big-bank mergers remain on hold, Euromoney learns that lots of small deals for FIG bankers will boost M&A activity

The banking model is broken and needs to change now

January 2012

Euromoney takes a look at how banks need to fundamentally change the way they do business

Equities: UniCredit defies the odds with rights issue

February 2012

99.8% take-up of €7.5 billion deal; Positive sign for other eurozone lenders

Citic stretches its ambitions beyond China

January 2012

CLSA stake and landmark deals show China could have an international investment banking champion.

CIMB looks beyond local excellence

January 2012

Malaysia’s best investment bank has its sights set across southeast Asia.

China plays catch-up with the developed world

January 2012

The country’s economic strengths are well documented, yet its position in Euromoney’s Country Risk rankings is surprisingly low, held back by weak bank scores and political risk.

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.

Exclusive: IMF’s Singh warns of collateral drought threat to global liquidity

December 2011

IMF senior economist Manmohan Singh says the shadow-banking system is a necessary part of the monetary universe, and therefore something that regulators and policymakers must thoroughly understand if they are to have any success in improving economic performance.

More Asia stories


Central and Eastern Europe

Deals of the Year 2011: Emerging Europe

February 2012

Emerging Europe: Hungary’s central bank fights back

February 2012

EU infringement process launched; Orban backs down

Azerbaijan: Sofaz steps out of its comfort zone

February 2012

The State Oil Fund of Azerbaijan has always feared risk. Now it’s seeking higher yields, branching out into listed securities, real estate, gold and emerging market debt. But is this ultra-cautious fund really ready?

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.

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.

Regionalization goes both ways for Is Investment

January 2012

From a dominant domestic position, Turkey’s top investment bank is also acting as a conduit for foreign investment in the country.

RenCap uses diversity to combat adversities

January 2012

As Renaissance Capital moves away from its Russian roots, is the firm now stretched too far or not stretched far enough?

Table-topping VTB moves to a new phase

January 2012

VTB Capital has built a powerhouse capital markets business in Russia. Can it become just as influential elsewhere?

VCP builds a business on its USP

January 2012

Vienna Capital Partners believes that its unique selling point as a local, independent adviser across CEE gives it the upper hand in the face of international competitors.

The investment banks of the future

January 2012

The era of global investment banking is coming to an end. But financial trade involving and between developing markets will continue to grow. This gives a once-in-a-lifetime opportunity to firms based in those markets to build not just leading domestic franchises but also ones that can compete on a much broader scale. Which emerging market investment banks are best placed to take it?

More Central and Eastern Europe stories


Latin America

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.

Peru: Locals ride the equity wave

February 2012

Low interest rates key factor; All eyes on Cementos Pacasmayo

Latin America DCM: High yields scramble through the open window

February 2012

Appetite for deals beyond plain vanilla; Multiple deals marketing concurrently

Brazil: Bankers curious over Brazil IPOs

February 2012

Private banking 2012: Santander rides the LatAm wave

February 2012

The Spanish bank began its systematic wealth-management strategy in Latin America in 2007. It has paid off handsomely in our latest survey. But other banks are pushing hard to beat it.

Brazil guide: The year of the Brazilian stranglehold?

January 2012

Times are tough for international investment banks attracted by the dynamic Brazilian market. The big local players have a tight grip on the business that they don’t intend to yield and may even soon be challenging the foreigners in other Latin American markets.

Brazil’s equities market suffers an identity crisis

January 2012

Rest of region outpaces traditional leader; Poor IPO performance blamed

GLOBAL OUTLOOK 2012

December 2011

Analysts from leading independent research group Ned Davis Research look at the prospects for financial markets and the global economy in 2012 and beyond, and shine a light on the distressed US fiscal situation which has been overlooked during the eurozone crisis

Brazil’s banks make their own bulge bracket

January 2012

Brazil is one of the largest and fastest growing emerging markets for investment banking. And the locals are coming out on top. The lesson for other emerging markets, they say, is to neutralize international banks’ claims over distribution to institutional investors.

More Latin America stories


Middle East and Africa

Nigeria: Dual crises cause alarm in Abuja

February 2012

Government pursues key reforms; Strikes spur energy-sector shake-up

Private banking 2012: Middle East – Collateral damage

February 2012

Local private banks in the Middle East are losing out as the region’s wealthy react to the Arab Spring.

Private banking 2012: Lebanon’s private banks prove their resilience

February 2012

Saudi Arabia: Reformers take the reins

January 2012

New government appointments in Saudi Arabia have sparked hopes that the Kingdom might adopt policies more oriented towards the private sector and foreign investment.

Banking: VTB Capital revs up for international drive

January 2012

Hires Dubai Credit Suisse team; CEE special situations push

Bermuda looks to pioneer Western Shariah-compliant hub

January 2012

The favourable tax haven is actively seeking to become the first Western centre to provide a Shariah-compliant platform by reviewing its existing legislation

The investment banks of the future

January 2012

The era of global investment banking is coming to an end. But financial trade involving and between developing markets will continue to grow. This gives a once-in-a-lifetime opportunity to firms based in those markets to build not just leading domestic franchises but also ones that can compete on a much broader scale. Which emerging market investment banks are best placed to take it?

Africa’s new frontiers

January 2012

Country risk scores for Nigeria, Ghana, Gabon and Tanzania rose last year, with higher average-economic-outlook scores across the continent and a willingness in the international capital markets to finance African borrowers.

More Middle East and Africa stories


Euromoney Country Risk

Country risk scores for European sovereigns decline in Q4 2011

January 2012

Country risk scores deteriorate across the eurozone

African political risk: Expect the unexpected in 2012

January 2012

The outlook for political risk in Africa this year remains elevated, despite the recent trend towards fair and free elections on the continent.

Country risk: Is the UK riskier than France?

January 2012

Two economists give their view on whether the UK is more deserving of a downgrade than France, as part of a special snapshot from Euromoney Country Risk.

How important is North Korea’s leadership change?

January 2012

In December, North Korean officials announced the passing of Supreme Leader Kim Jong-il, supposedly from a heart attack. Not too surprisingly, Pyongyang swiftly heralded Kim’s youngest son Kim Jong-un as the new head of state along with the title “Great Successor”…

North Korea’s country risk score falls after leader’s death

December 2011

Experts lower one-party state’s country risk score after sudden death of Kim Jong-il

Country risk experts consider UK riskier than eurozone AAA sovereigns

December 2011

Economists score the UK lower for country risk than France, Germany, Austria, Luxembourg, the Netherlands and Finland

Country Risk: Eurozone’s triple-A woes continue

December 2011

Decision by S&P to put Europe’s sovereigns on negative outlook backed up by steady decline in country risk scores.

Country Risk: Eurozone crisis weighs heavily on CEE risk

November 2011

Poland, Hungary, Russia and Bulgaria receive worsening scores for economic risk

Euromoney Country Risk: Namibian sovereign risk improving

November 2011

Debut Eurobond coincides with uptick in country risk score

Five reasons why Namibia’s 10-year Eurobond could strengthen:

November 2011

More Euromoney Country Risk stories