Row 1 - Latest/Ad/Opinion
Row 1 - Latest/Ad/Opinion
LATEST
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Iwoca sees surging demand as banks retrench from SME lending
Private credit funds are committing more to specialist non-bank lenders such as iwoca, seeing big potential in small business credits, even if NPLs are set to climb. -
Capitolis sets new records in FX derivatives compression
Some leading FX banks have struggled to stay competitive in forwards, swaps and swaptions thanks to SA-CCR rules, but compressing portfolios helps. -
PrivEx brings syndicated loan-trading platform to Europe
While big US banks edge slowly towards exchange-like trading of loans, a group of market veterans have tested a system in Asia and will soon launch in Europe. -
Investors anticipate corporate bond bonanza as inflation fears recede
Appetite for corporate issuance remains robust as investors dismiss recession fears and take on credit exposure. -
Hong Kong IPO bankers hope for better in 2023
Initial public offerings by Chinese firms are Hong Kong’s lifeblood, yet they were rarer than hen’s teeth in 2022. For deal flow to return, China must open up. Buckle up: things could get bumpy. -
Real estate debt funds face their day of reckoning
As Europe’s economic mood sours, a sharp rise in interest rates is putting commercial real estate through its first big cyclical turn since 2008. The non-bank sector, which has become a vital enabler of funding at higher leverage, now faces a test of its resilience. -
Sovereign funds lost $1 trillion in 2022 – but where?
A new study attempts to quantify the damage of 2022 for sovereign wealth funds. Beneath the numbers are tumultuous levels of deal activity, as funds tried to take advantage and position for the long term. -
After Citrix: Leveraged finance and the point of no return
With broadly syndicated markets largely shut and CLOs facing formidable challenges, leveraged finance has had a tough year. It has been a story of big hung deals and a market that is even more reliant on credit funds than before. With little clarity over when interest rates will peak, let alone start to fall, how will participants manage their way through the turmoil? -
Can investors still find an edge in private markets?
Sovereign wealth and pension funds have poured into private and illiquid asset classes over the last 10 years. -
Sovereign issuers may crowd corporates out in January bond sales
The ECB is barely half way through raising rates. Quantitative tightening will further raise the cost of debt in 2023, and is set to test bond market capacity. -
Does the Gulf’s breakout year signal lasting change?
The Middle East’s capital markets were awash with plus-sized IPOs in 2022, with a growing belief in its future. -
Brazilian bankers look to international buyers to drive demand
Local flows to fixed income and equity redemptions limit ECM liquidity. -
After a banner year for Middle East IPOs, VC is the big opportunity
Noor Sweid, founder of Global Ventures – a young Dubai-based venture capital fund with $200 million of AuM – sees company founders with great businesses starved of finance. -
The Philippines gets a sovereign wealth fund
Maharlika Investments Fund looks like it will be a development vehicle that takes Indonesia for inspiration. -
CIC had a fine 2021, but how will this year look?
China Investment Corporation’s annual reviews are always out of date, but they provide clues to what is happening now. -
What’s behind SocGen and AllianceBernstein’s new equities partnership?
Societe Generale and AllianceBernstein may look like an equities odd couple. Leveraging Societe Generale’s derivatives franchise is key to the new joint venture, as is maintaining AllianceBernstein’s reputation for independence. -
Have private markets reached saturation?
Sovereign wealth funds have swamped private markets over the last decade, but there are questions whether the pace of investment can continue. -
LSF: The long road to an African repo market
A groundbreaking repo facility for African sovereign Eurobonds was completed in time for a debut trade as COP27 took place. The road to closing the deal was far from simple.
Row 2 - Long Reads
Row 3 - More/Sponsored/Ad
Row 3 - More/Sponsored/Ad
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It’s the time of year for feng shui market predictions.
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The US Securities and Exchange Commission has lifted the lid on some eye-popping charges against the former CFO of a special purpose acquisition company.
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Nearshoring has been seen to drive credit growth among the country’s smaller regional banks.
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FTX founder Sam Bankman-Fried faces the full wrath of US authorities, as rival agencies compete to make the most hyperbolic charges against the former crypto exchange head. Death by metaphor could be his provisional sentence.
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AT1s rallied on news that UBS will redeem a key deal in January. But with refinancing costs higher than coupon re-sets, the pressure now passes to other big banks.
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The gating of Blackstone’s $69 billion private real estate fund Breit highlights the risks in semi-liquid investment vehicles, even ones that perform strongly. Pitching US private market exposure to European and Asian retail investors may be slowed by the setback.
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The UK government has launched a sprawling range of measures to reform the country’s financial sector and markets. But the moves were mostly already under way – it is really all about the optics.
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Beijing recently ordered its state banks, including ICBC and Bank of China, to plough $162 billion worth of fresh credit into the country’s troubled property sector. In doing so, they look not proactive but panicky. A negative hit on lenders’ profits is inevitable.
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China is stuck. It has spent three years trying to keep Covid at bay, but now irate citizens have spilled onto the streets, questioning the competency of president Xi Jinping, and calling for an end to restrictions – just as transmission rates spike.