Row 1 - Latest/Ad/Opinion
Row 1 - Latest/Ad/Opinion
LATEST
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European corporates find eager buyers in hyperactive bond market
A wall of liquidity among investors has helped to drive a busy start to the year for bond issuers, as they rush to capture tight spreads. -
FX: Mixed outlook for carry trades as markets read the runes on rates
Carry traders are going to have to work hard to maintain the momentum of the last few months if expectations of interest rate cuts in the US and hikes in Japan come to pass. -
Tokenization can improve transparency but brings its own challenges
Asset managers and industry regulators face operational challenges around the tokenization of private assets. -
Loan-on-loan market could fuel real-estate rebound
Caution at local commercial banks – coupled with the eagerness of large investment banks to foster relationships with private equity players – means large real-estate deals fuelled by back leverage could be primed for a comeback in Europe. -
NatWest retail offer will not solve UK’s problems
For a deeply unpopular government with little room to manoeuvre, the chance to bribe voters with a cheap offer of bank shares is irresistible. The bank in question is now well-run and profitable while its stock still trades at a discount. But the great NatWest share offer will do little to revive UK capital markets. -
Corporates rush to take advantage of better conditions
Accommodating credit markets mean that corporates are keen to get fundraising completed ahead of elections on both sides of the Atlantic. -
Sánchez ushers in reform at Cabei
Internal and external reforms are under way as the new president signals a break with the previous administration. -
Same-day settlement: to infinity and beyond
While the world’s biggest markets are still preparing for T+1 settlement, talk is growing of the next step – but going any faster would mean a total reworking of how markets function. -
More haste, less speed? The rush to T+1 could cause disruption for years to come
It is not hard to find short-term worries over global markets’ state of readiness for the US’s transition to one-day settlement in late May. But even if the UK, Europe and those Asian markets still using two-day settlement can adapt to the shift in the longer term, they will also face intense pressure to lessen their dislocation from the US cycle by copying its move. Many also fear the ultimate end-game of same-day or even instant settlement. -
Why the China-Switzerland Stock Connect never quite took off
The Sino-Swiss corridor, set up to encourage Chinese firms to sell global depositary receipts to international investors in the European state, took off fast in 2022. But a host of challenges, from Chinese regulatory concerns to an apparent lack of global interest, has stalled its progress. -
Reforms and China woes put ‘lucky’ Japan back on the map
Many factors explain Japan’s renewed allure to global corporate and financial institutions. Inbound FDI is rising, with local stock prices regularly hitting record highs. Is the economy’s long-awaited renaissance a passing phase or here to stay? -
The ‘intraday fade’: How Morgan Stanley’s ECM claims ring hollow after $250m block trade settlement
Morgan Stanley has for years touted its expertise and adherence to confidentiality as reasons to choose it over rivals for equity block trades. But charges brought by regulators over leakages of confidential information by the bank’s former head of US equity syndicate and another employee now make its historic claims look embarrassing. -
Analysing China, warts and all
With its economy embattled and investors fleeing in droves, getting good data on China has never been more important. There are some great analysts and research shops out there. But too many China-facing reports suffer from a lack of imagination, groupthink brought on by a fear of irritating Beijing and an over-reliance on state data. That must change. -
Archx Capital aims at an ‘emerging Brazil’
Brazil’s banks have been talking a good game about capturing the outperformance of smaller, privately held companies in the country. Now a new banking advisory firm – packed with senior bankers – has made this segment its entire business strategy. -
Chinese investment banks change tack in Hong Kong
Hong Kong-based Chinese investment banks, plagued by the market’s liquidity issues, are looking to China's economic pivot and the renminbi's rise as a fundraising currency to restore their fortunes. -
How long can Turkey’s DCM recovery hold?
Recently, investors have welcomed Turkish USD debt with open arms. As 2024 approaches, prospective borrowers will be hoping that the renewed interest can last. -
West Africa looks to securitization for social issuance
A securitization of pay-as-you-go electricity bills to fund wider access to electricity in Côte d’Ivoire could spark copycat social bonds for affordable housing, telecoms, electricity access and more. -
M&A can be catalyst for improved payments efficiency
Strategic adjustments, such as those resulting from mergers or acquisitions, represent a valuable opportunity for corporates to enhance their payment infrastructure.
Row 2 - Long Reads
Row 3 - More/Sponsored/Ad
Row 3 - More/Sponsored/Ad
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Direct lenders commanded generous terms on leveraged buyout financing last year, but volumes were low and, now that they show signs of revival, the banks are competing once more.
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Funded by green bonds, decarbonized assets are driving emissions upwards in other sectors that supply the necessary raw materials and shipment services. A capital markets transition label ought to factor this in.
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As Beijing works to underpin the equity market, China's fund houses and investment banks are betting on exchange-traded funds as the next big thing. That reflects a market corseted by regulation, where limited options compel a collective herd mentality.
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Abu Dhabi and Dubai sell themselves as international hubs for tech companies, with new initiatives to support start-ups and scale-ups, but rules around eligibility for equity listings will hinder the Emirates’ tech sectors if they aren’t changed.
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The SEC wants us to be thinking about special purpose acquisition companies again.
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Wall Street bankers tempted to pick a fight with the Federal Reserve should take a lesson from the insider trading plea deal by investor Joe Lewis.
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Opposition to the proposed Basel III endgame for US banks is now so widespread that a climb down by the Federal Reserve is likely. Wall Street bankers like Jamie Dimon can stop crying wolf about increased capital requirements and think carefully about publicly threatening their regulators.
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The midcap broker needs new business lines to survive a prolonged IPO drought.
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Appealing to issuers by removing investor protections makes no sense when London’s decline as a listing venue stems from domestic investors abandoning the UK market.