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The credit crisis has left the country’s banks relatively unscathed, and regulators around the world want to find out why. But is a conservative culture stopping local players achieving their global potential? Helen Avery investigates.
Have we learnt anything from the unsettling events of the past nine months? I have learnt that bankers have short memories and exceptionally short recall regarding painful reminiscences. Maybe it’s part of the human condition. It certainly seems to be part of a banker’s DNA.
The debt market has rewarded the biggest borrowers and the largest – and least scarred – underwriters handsomely. A new poll of the world’s largest fixed income investors by Euromoney shows which issuers are accessing the markets most successfully. Alex Chambers finds out what is making the bond markets tick.
Barclays was the bank that many expected to fail. Recapitalized, with its earnings power enhanced, safe from the clutches of the UK taxpayer, it may emerge as one of the big winners from the crisis. The bank’s leaders expect to build dominant positions in both retail and investment banking. What could still throw Varley, Diamond & Co off course?
It has already won a reputation as one of the world’s leading hedge funds. Now Citadel has its sights set on investment banking. Chief executive Ken Griffin sees a sweet spot where many firms have left the stage. He normally succeeds in his goals. Chief executive Ken Griffin believes his newly expanded business will be a force to reckon with on Wall Street, says Helen Avery.
Prime brokers' relationships with hedge funds have inevitably be modified by the credit crunch but ultimately the brokers have to provide the full range of services funds require at a reasonable cost and without undue constraints.
Wealth management services are relatively underdeveloped in the Gulf region. But local and foreign private banks and family offices have broad opportunities to develop their business.
May 2009
The top-five banks in the 2009 Euromoney FX poll remain the same as in 2008 despite big sub-prime losses. As senior FX bankers make clear, a leading position in the market reflects an established set of relationships that aspirant banks find hard to build, whatever their creditworthiness. Lee Oliver reports.
April 2009
The demise of AIG has inflicted an identity crisis on the insurance industry. But insurers face exposure to distressed assets, accounting and valuation issues and a potential shortage of capital. Sounds familiar? Helen Avery reports on how insurers believe they will avoid the same fate as the banks.
March 2009
The impact of the credit crunch spread across the world over the past 12 months. Eastern Europe was badly hit, and the Middle East and Asia could no longer claim to be immune.
February 2009
Private clients have traditionally been seen as stable money. But 2008 proved that axiom doesn’t always hold, as private banks attached to investment banks discovered.
July 2008
The Euromoney Awards for excellence define banking excellence in global categories and across 110 individual countries. Over the years these awards have set the standards for banking and capital market excellence amongst the top ranking financial institutions around the world. Awards are based on on outstanding performance, quality service, innovation and momentum.
“Everyone who was a leveraged finance banker and has lost their job is now calling themselves a debt adviser”
A banker spots a trend