October 2007
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LATEST ARTICLES
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Takeover of partner Synthesis Bank is central to planned expansion into wealth management.
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A year ago, fund managers and analysts were confidently predicting as many as seven landmark IPOs on Vietnam’s stock exchanges in 2007, raising as much as $1 billion each.
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Barclays Capital is further expanding its equity origination business with the appointment of William Ortner from Citi to its New York office as managing director in equity product origination. Ortner is the latest of several new hires that Barcap has made this year to its equity origination business. He was most recently a managing director responsible for corporate equity derivatives at Citi.
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Buried deep in the announcement of Morgan Stanley’s third-quarter earnings results was a substantial hit from the bank’s newly built hedge funds business.
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Rumours that RBC Capital Markets had let go up to 40 sales and trading officials in the US were firmly denied by officials at the Canadian bank, who refused to comment on possible redundancies.
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UBS has continued the revamping of its European debt capital markets business instigated by Roberto Isolani – who became head of fixed-income capital markets, for EMEA and APAC, at the start of this year.
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"Interest rate cuts will be like Viagra – an artificial stimulus that doesn’t cure the underlying problem"
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Oanda is an anomaly among the many trading platforms that offer retail FX.
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CMBS conduit lenders in Europe might be forced to return to the market to shed inventory.
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Absolute Capital Management is restructuring five of its equity hedge funds following the departure of co-chief executive officer Florian Homm, which prompted in excess of $100 million of redemption requests for funds with up to $530 million invested in illiquid US stocks quoted on over-the-counter bulletin boards. Chief executive Jonathan Treacher calls the affair "a significant distraction".
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Flotation gives big boost to Zagreb market.
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The fallout from sub-prime worries in the US has cast a pall over the equity issuance plans of Russian companies in the wake of the volatility that rocked global stock markets over the summer.
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The developments will heat up the battle between Qatar and Dubai to become the Middle East’s financial centre.
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Lebanon’s economy is crumbling. Its public debt is breaking new world records. It has been teetering on the brink of civil war for the past 10 months. But none of this has stopped Dubai-based Shuaa Capital, one of the Middle East’s leading investment banks, opening a branch this September in Beirut. Why?
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A prolonged liquidity contraction is irrevocable, whatever happens in the spuriously autonomous real economy.
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Cash management is a hugely attractive business for the banks that have ended up at the top of the consolidation pile, with earnings stability and high returns on equity. And despite reductions in activity because of such developments as the Single Euro Payments Area, new business is emerging in white-labelled products and financial supply chain management. Laurence Neville reports.
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As the loan market revives, both buyers and sellers are struggling to establish the upper hand.
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Investors may have learnt the lesson that bonds aren’t supposed to provide equity-like returns.
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The industry collectively did not cover itself in glory during the August/September correction. But there is now a rich environment for a wide range of strategies, says Nick Evans, editor of EuroHedge.
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Authoritative Triennial Central Bank Survey confirms FX volumes have grown at an astonishing rate.
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In the light of the troubled times the covered bond market has found itself in, the European Covered Bond Council has proposed to establish an emergency committee.
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Pfandbrief issuers were notable by their absence as the covered bond market descended into chaos.
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Write-downs in the leveraged loan market can raise more questions than they answer.
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Opportunities are growing for distressed debt and equity investors in the region despite record levels of private equity fundraising.
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Northern Rock’s Granite master trust did launch a deal in September – but Granite Master Issuer 2007-3 was a far cry from what the market had been expecting just a matter of months ago.