October 2011

Top stories

How Glencore crashed through the equity markets

How Glencore crashed through the equity markets

Having secured permanent capital just before the big equity market sell-off, Glencore now has the financial strength to boost production and acquire cheap mining assets. In the long run, shareholders should reap the benefits. For now, they’re still licking their wounds after the Swiss firm’s record-breaking IPO. Peter Lee tells the inside story of the deal of the year.

Credit trading

Transaction banking

Cash management survey 2011: Cash gets central billing

Cash management survey 2011: Cash gets central billing

As corporate executives make cash management an increasingly important part of their treasury function, so transaction banks are realigning their businesses. Now it is increasingly part of the overall corporate relationship. Laurence Neville looks at the models the leading banks are adopting.

Sibos: Transaction bankers counter fears with opportunities

As the industry faces up to more stringent regulation in the west, the mood at this year’s Sibos convention was extremely mixed. That’s why many bankers are turning to emerging opportunities, most notably in Asia and Latin America. Nathan Collins reports from Toronto.

Corporates

Corporates turn their backs on banks

Corporates turn their backs on banks

In an historic reversal of the old order, corporate treasurers are now assessing the risk profiles of banks before doing business with them. And some leading companies are so worried about the state of the financial sector that they’re even considering setting up their own bank. Louise Bowman reports.

Food finance

Food finance: Founding farmers

Asset owners and managers are signing up to a series of principles on how they invest in agricultural land. Will this mollify critics of the land grab? Nick Lord reports.

North America

Oil boom brightens Native Americans’ prospects

The Native American reservations of three northern US states are on the brink of an oil boom that could reduce global concerns about the future supply of oil. Helen Avery talks to a private equity venture that hopes to produce triple-digit returns for investors while ensuring the Tribal Nations are not swept aside in the rush for oil.

Debt markets

Emerging Europe

Foreign Exchange

Bloomberg challenges FX multi-dealer incumbents

Foreign exchange volumes in the multi-dealer e-trading market are soaring. Competition to be the application of choice on end-users desktops is heating up. Can Bloomberg steal a march through its ubiquitous terminals? Hamish Risk reports.

Private banking debate

Belgium debate: Belgium proves a bright spot for private banking

Belgium is seen as one of the bright spots in the eurozone and competition is increasing for the assets of the country’s wealthiest individuals. For those with investment expertise and knowledge of the intricacies of the Belgian wealth market, the future looks promising.

Banking news

Markets news

Asia news

Latin America news

EEMEA news

Comment

Columns

Macaskill on markets: Self-styled King of Wall Street taints his crown

Central bankers seem to have had just about enough of Jamie Dimon’s spittle-flecked rants about the dangers of increased regulation. The JPMorgan chief executive lambasted Federal Reserve chairman Ben Bernanke over the costs of regulation in a public debate in June, then followed up by arguing with Bank of Canada governor Mark Carney during the recent IMF/World Bank meetings in Washington. Dimon has also warned that some reforms are “anti-American”.

Inside Investment: The rise of Faginomics

Faced with an unpalatable menu of policy choices, there is concern that another course will be taken: financial repression. It is the economic prescription favoured by Fagin. Bondholders should beware.

Against the tide: Returning to normal

GDP growth must be sufficient to outweigh possible deleterious effects of sovereign budget cuts and measures to increase revenues. It’s an impossible ask for Japan and an extremely tough one for the eurozone.

Front End