Rate rises, combined with the soaring price of oil, mean that Saudi banks enjoy unprecedented liquidity. This will accelerate the change already under way in the sector.

Private equity’s relationship with the Spac asset class? It’s complicated.

This year, many Latin American debt issuers eschewed the traditional practice of issuing in January, believing the expensive market would move in their favour. That reading now looks like a bad one.

It looks like Chelsea bid heartbreak for the structuring team at asset manager Centricus, but football financing is a funny old game and it’s never over until the final whistle blows.

A blunder in its exchange-traded notes business is set to cause Barclays a fresh headache that it doesn’t need.

Park Jung-ho is a key executive in three arms of the SK chaebol, Korea’s third-largest. In more than 30 years he has developed a reputation as a dealmaker, whose key transactions – buying Hynix, Toshiba’s memory business and a major division of Intel – are seen as corporate landmarks. He explains his approach to Euromoney in Seoul.

Margin hikes are raising the table stakes in markets from commodities to stock loans. Margins may be a better risk signal than curiously subdued measures like the ViX index of equity volatility.

War in Europe changes everything. In the medium term, European countries will spend heavily on new sources of energy, their military and perhaps on food security. In the short run, comes slower growth. The financial markets are barely capable of pricing these hits. They have no capacity at all to price further unprovoked attacks on countries beyond Ukraine, much less a full-on war with Nato or nuclear conflict.

As Covid fatalities rise fast, senior bankers are fleeing a city that, despite today's relaxation of some rules, is increasingly cut off from the world. Will Hong Kong ever be the same again?