Hybrid corporate bonds might be the new hot product of the Eurobond market but originators’ hopes for a deluge of new issues have not been fulfilled.
Fears of oversupply fade in Europe.
Do hedge funds need strategic advice from investment bankers? And do banks need to set up new departments to offer it? Yes, reckon UBS and CSFB; no, say many of their competitors.
The hedge fund industry has matured at a faster pace than anyone could have anticipated.
Recent popular new issues rapidly faced heavy trading and price falls.
The Inter-American Development Bank’s new president, Luis Alberto Moreno, speaks to Sudip Roy about his plans to make the bank’s policies more relevant to the private sector in a region that is attracting growing investment inflows.
Banco Central de Chile president Vittorio Corbo is arguably Latin America’s most respected central banker.
Regulatory pressure has forced a crackdown on transaction delays.
In 2005, while issuers, underwriters, rating agencies and regulators have still been grappling with the question of covered bond identity, investor concerns have been more basic – spreads, yields, and the arrival of new investors.
Agency’s rating action places extra focus on bank’s securitization of first-loss positions.
Investors want growth and are impatient to get it.
CDP’s latest issue shows the benefits of looking beyond the usual suspects to banks that offer strong secondary market support and enhanced distribution.
Arab banks have sustained the recovery that began in 2002, with Gulf institutions in the forefront.
Spot FX prices are so tight that it is almost impossible to make a profit from market making.
The European Union is introducing the first uniform covered bond legislation.
Experiments show that individuals with a specific type of brain damage, which prevents them from feeling fear, outperform normal players when it comes to making some investment decisions.
Wealth management arm put on course to “grow by multiples”.
Cash corporate credit might be in short supply but borrowers still need to tread carefully.
India’s private-equity business is growing fast again.
Intrigue surrounds FSA views of an HBOS tier 1 deal.
With an amazing recovery from the brink of collapse and a comprehensive debt restructuring, everything seems to be going right for the Dominican Republic.
Erste Bank launches The New Europe Blue Chip Index, covering the largest C&E European stocks traded on the Vienna stock exchange.
Hedge funds are overflowing with money, and margins on traditional strategies are shrinking.
Turkey looks set to be the next great EU convergence play.
But can their value surpass the underlying market?
Sales of non-performing loan and real estate portfolios to foreign investors have stirred controversy in Germany, with the buyers being described by a senior politician as “a plague of locusts”.
In the first of a series of articles, Euromoney examines the status of pension reform in two countries at the extremes of Asia’s pensions revolution, Taiwan and the Philippines.
But withdrawal of investors with unrealistic expectations seen as advantageous.
Global M&A volumes are heading back up to levels not seen since 2000.
Increasing numbers of pension funds in Europe are making the choice not to use hedge funds in the region since returns have dropped off.
Mercury had great people and a great process.
The M&A boom is good news for equity capital markets.
Fresh from big spending on China’s state lenders, global banks are lining up to buy into its securities industry.
The bankruptcy highlights the CDO market’s continued inability to price in potential credit events.
Investors are pushing bank CEOs to produce growth.
Zhou Xiao Chuan, governor of the People's Bank of China, tells Sudip Roy why the renminbi was revalued and what financial reforms are next on the agenda.