Senior RMBS bondholders will pay the price from US mortgage chaos.

Investors should diversify into developed market companies with high emerging markets exposures to capture these economies’ growth.

The easy environment is pushing asset prices in Latin America to boiling point.

Being a fixed-income investor in Europe just got a whole lot trickier.

A merger between the companies that own the Australian and Singapore exchanges is only a first step towards an integrated market.

The cancellation of the Nedbank acquisition reflects badly on HSBC.

There’s rarely been a better time to be a mortgage banker in the US.

A stand against foreclosures might be a vote winner but it has deleterious economic consequences.

Spate of interventions boosts volumes; Emerging countries seek to stem capital inflows

Canadian bank sees great potential to distribute credit investments; BlueBay’s founders hope clients will take comfort from RBC’s capital strength

New shareholder comes on board; Sufficient funds to hand to repay Eurobond

In the battle to rebuild war-torn Afghanistan, Kabulbank inserted itself as a key player, building the country’s largest deposit base and becoming the payment agent for many government enterprises. But a run on the bank in August led to the ousting of colourful poker-playing bank owner Sherkhan Farnood. What does this mean for the country’s banking sector? Eric Ellis reports.

Scotching a reputation for cowboy practices, they are responding to demands for more sophistication and the state’s desire to create an important financial centre. New respectability is accompanied by impending consolidation that will leave eight or so leading houses. Elliot Wilson reports.

Investment banker turned economics professor Michael Pettis has insights and forthright views on China. He has two main targets: the country’s cheerleaders and the one-note naysayers, arguing neither side understands the subtleties and complexities of the China debate.

The SEC and Commodity Futures Trading Commission’s findings on what caused the May 6 flash crash are not convincing everyone involved in trading.

Acute mid-market refinancing need; New funds target sector

Pan-African group restructures operations; Investment unit to trade 17 African currencies

Chinese appetite for Russian risk remains relatively weak; Rare IT flotation on the way in London

That banks and mortgage servicers may have foreclosed on US homes without adequate documentation further blackens their already tarnished reputations. But the foreclosure scandal has increased the prospect of a far greater attack on mortgage securitization – one that even if it does not destroy the market altogether could cost the banks as much as $180 billion. Helen Avery, Louise Bowman and Peter Lee report.

Second rise in as many weeks; Analysts sceptical of its effectiveness

In the past few years the country has reduced its dependence on offshore banking and links to Argentina and has grown its exports of agricultural produce and position as an important entrepôt. But its capital markets remain severely undeveloped, a situation that might be improved by a programme of privatization. Jason Mitchell reports from Montevideo.

Cairn boss breaches protocol; Vedanta struggling to raise cash

As Iraqi oil production is ramped up, a big bank run and Al Qaeda attacks are undermining basic faith in the financial system. Nevertheless, especially in safer areas such as Iraqi Kurdistan, there are signs of how the country’s potential could be exploited.

There was no chance that the UK’s Financial Services Authority would emerge from the recent financial crisis without a fundamental overhaul of its culture, objectives and procedures. But did it need to be scrapped altogether? And if it did, will the new model work any better? Dawn Cowie reports.