February 2012
| Euromoney February 2012 At long last, investment bankers are bowing to the inevitable. Four years after the crisis, the industry is undergoing a much-needed transformation, as banks exit businesses they simply cannot make a return on. Bank chiefs are struggling to adapt to the new rules of the game. It should lead to an era of greater specialization and further consolidation. |
Euromoney February 2012
Refinancing options are running out for many European companies with looming debt maturities. Could the banks’ own funding problems finally precipitate the distressed debt opportunity this market has been waiting for? Or are the consequences of asset disposals too brutal for many banks to take?
Euromoney February 2012
Euromoney February 2012
Until recently, European public-sector finance did not set the pulses racing. But as the latest sovereign downgrades hit home, some investors are shunning any SSA borrower with ‘Europe’ in its name. The days of boring old triple-A seem to be over.
Euromoney February 2012
With public spending being cut, wealthy individuals are putting more of their philanthropic dollars to work through social-impact investing. Companies are being set up to provide advice and products, and the private banks need to get on board.
Euromoney February 2012
Barclays Wealth has reinvented itself in just five years. With the benefit of heavy investment, it has developed a unique model of interacting with clients – using behavioural finance. It is targeting only high-net-worth clients and expanding globally.
Euromoney February 2012
To be the best, firms need positions of strength in the US, Europe and emerging markets. Being big in only two regions is no longer enough.
Euromoney February 2012
Euromoney February 2012
A European sovereign debt crisis, looming bank regulation, volatile markets – 2011 was a challenging year for those managing money for the world’s wealthiest individuals. The heads of nine of the largest global private banks discuss how they are navigating the turbulence and what they expect of 2012.
Euromoney 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.
Euromoney February 2012
While global and regional banks lead the results in Euromoney’s private banking survey for Central and Eastern Europe, local specialist wealth managers are rising up the ranks in many countries.
Euromoney February 2012
Local private banks in the Middle East are losing out as the region’s wealthy react to the Arab Spring.
Euromoney 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.
Euromoney February 2012
For many in the capital markets, 2011 was a year to forget. But it’s in times of crisis that the best advisers come to the fore. Which deals hit the sweet spots over the past 12 months, when markets were like a box of chocolates – you never knew what you were going to get?
Euromoney February 2012
It was a year that many in banking would
like to forget. But adversity can be the
mother of invention and an impressive array
of transactions shone through the gloom:
evidence of the market’s resilience in the face
of everything macroeconomic headwinds can
throw at it
Euromoney February 2012
Weak equities, developments in DCM and
intra-regional M&A trends make for an
interesting – if eclectic – mix of Latin American
deals of the year
Euromoney February 2012
With eurozone turmoil spilling over into
emerging Europe it took special skills, tenacity
and organization to get deals away
Euromoney February 2012
Amidst the fi nancial gloom of 2011, Asia was a
beacon of hope: Thailand’s markets remained
remarkably resilient, the dim sum market
approached maturity and depth, and there
were standout deals from India and China – but
Indonesia dazzled the most
Euromoney February 2012
In the Middle East last year, borrowers sought
to diversify sources of fi nancing , while in Africa
new issuers added to the continent’s growing
recognition on global markets
Euromoney 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?
Euromoney February 2012
US Fed to incentivize investors; Single-family homes new asset class
Euromoney February 2012
Lots of small deals for FIG bankers… But no big transformational ones
Euromoney February 2012
99.8% take-up of €7.5 billion deal; Positive sign for other eurozone lenders
Euromoney February 2012
Shift in investment approach; CDS index strategies explored
Euromoney February 2012
Lobbying intensifies over OTFs; Isda, BBA voice concern
Euromoney February 2012
ECB injection lifts risk sentiment; Low-rate prospect boosts appeal
Euromoney February 2012
UK and Hong Kong sign deal; London in leading position
Euromoney February 2012
VTB Capital accelerates expansion; Bhattal’s permanent replacement sought
Euromoney February 2012
Taiwanese focus on Fujian; Hua Nan logical trailblazer
Euromoney February 2012
Opening for foreign investors will have only long-term effects; QFIs force for stability
Euromoney February 2012
Appetite for deals beyond plain vanilla; Multiple deals marketing concurrently
Euromoney February 2012
Low interest rates key factor; All eyes on Cementos Pacasmayo
Euromoney February 2012
Euromoney February 2012
EU infringement process launched; Orban backs down
Euromoney February 2012
Government pursues key reforms; Strikes spur energy-sector shake-up
Euromoney February 2012
Dire economic data all round; But doubts persist on conditionality and future burdens
Euromoney February 2012
The ECB doesn’t have to take the same losses on Greek debt as the private sector – but it should.
Euromoney February 2012
The business is consolidating rapidly and survivors might enjoy rising market share and healthier margins
Euromoney February 2012
Private banks are looking to help clients move away from the greed-is-good mentality
Euromoney February 2012
Euromoney 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.
Euromoney February 2012
"Bankers are not going to repeat the errors of the past or buy 10-year bonds with three-year funding. Such a duration mismatch would ultimately be suicide"
Euromoney 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…
Euromoney February 2012
Euromoney February 2012
Euromoney February 2012
Euromoney February 2012
Euromoney February 2012
