Despite transforming UniCredit’s business, Italy’s most controversial banker lost one too many battles with the bank’s shareholders.

"That deal was an ambulance-chasing, low fee, beauty parade ordeal, which we were very happy to do for the league table credit"

Investors more active in hedging market tail risk; Exchange traded products may be skewing volatility curve

Chairman calls rules misconceived; Wants help against foreign competition

Moves to curb supposed speculation on futures exchanges are pointless populism, as commodity price spikes reflect physical market supply/demand factors.

The reputations of many analysts soared as other bankers lost credibility. But are their opinions as sound as many think?

"History tells you that the dollars you put to work at this stage in the cycle are very attractive. Buying larger equity stakes does not mean that you are oversizing – it just means that you are buying at a different point in the cycle"

At the end of October, the winner of the prestigious Financial Times/Goldman Sachs business book of the year award will be announced at a swanky dinner in New York.

Dismal trading volumes in the third quarter were punctuated by some chunky investment-grade bond issues and stock offerings that were a disappointment to investment banks in terms of fee generation.

EU tracks US derivatives regulation with a time lag; Barnier sets regulatory sight on commodities markets

Dodd-Frank Act US fiduciary standard hits brokers; Costs likely to increase for issuers and investors

As the high-yield debt markets converge further with leveraged loans, the model of a modern head of leveraged finance at a big house is a banker with a focus on lending, such as Andy O’Brien at JPMorgan or David Flannery at Bank of America Merrill Lynch. An Irish surname isn’t obligatory, but a reputation for hard work and patient application to client needs is, and flashy behaviour is not encouraged.

Banks have shown themselves incapable of safeguarding the system in which they operate. Intrusive, interventionist, expert, powerful, independent regulatory authorities are the answer.

Canada’s PotashCorp up for grabs; China’s Sinochem might intervene

Biggest province to issue bond; Investors attracted by juicy yields

Gulf investment banking has hopes of staging a delayed recovery.

Deal resumes Russian equity issuance; Proceeds earmarked for capex programme

Lending still shrinking as NPLs weigh on sentiment; Regulatory changes may help ease the burden

Currency-market intervention cannot boost Japan’s exports in the short term. Nor does it tackle the country’s deeper economic malaise.

Brazilian government biggest investor in deal

Renewed quantitative easing is not a sound answer to the threat of double-dip recession or deflation. A credit bubble cannot be cured by pumping in more credit.

Rating agency clarification boosts market; Some investors say hybrid debt is flawed

The Saga of Iceland’s involvement in the financial crisis has elements of tragedy and farce. But it would be unwise to underestimate this nation of warriors, poets and volcanoes.

$1.25 billion government bond sale; More payment delays at other Dubai entities

Law changes from 2006 savage industry; Defaults act as vital trials for global CDS settlement

It’s fast shaping up to be one of THE stories of the decade, a collision of the much-maligned worlds of football and finance. The battle for ownership of Liverpool Football Club has drawn in some of the biggest names in global finance. Controversial US club owners Tom Hicks and George Gillett have been desperately trying to refinance £325 million ($512 million) of debt, lent by RBS to the holding company through which they own the 18-times English championship-winning club.

Cross-border regional ties growing; Asian investment interest emerging

Exchange offers relaxed requirements; Risk-averse banks creating bottleneck

Energy and commodities focus persists; Growing frustration on Latin side

To commemorate its London centenary, RBC sent umbrellas to clients. Euromoney wondered whether any banks had plans to celebrate anniversaries for their businesses in Canada, and if so what would they send round.