Gulf of credibility baulks Aussie banker: Australian banker attempts to avoid jail time and earn enough to repay embezzled funds by taking a position at the National Bank of Kuwait.
Dealers say the backlog of unconfirmed credit default swap trades has been reduced by 54% since September 2005.
The future for UniCredit and HVB’s merged operations in central and eastern Europe has been determined, with HVB’s subsidiary, Bank Austria Creditanstalt, set to become the sub-holding company for CEE operations within the UniCredit group.
The ECB’s March 2 rate rise is contra-indicated by the prevailing data, which are apparently distrusted by the central bankers.
Finance minister’s resignation leaves investors feeling cautious.
Icelandic bank spreads, which had been drifting wider late last year, moved out sharply in early March.
Domestic criticisms of Deutsche Bank’s international focus have not passed it by, prompting plans to develop its business at home.
For some FX traders the prospect of an extended holiday seems to be the deal clincher for switching jobs.
Rising personal bankruptcy levels and an uncertain economic outlook in the UK might suggest that non-conforming and sub-prime mortgage lending is not the smartest business line to jump into at the moment.
Treat your back-office staff well lest they take umbrage and run away to a hedge fund.
Urban Vietnamese are leaping on the capitalist bandwagon, driving it as fast as they can in an effort to build a lead on the foreign companies that will inevitably tap a burgeoning market.
Excellent market conditions, M&A, special situations and heightened insurance activity drove record subordinated supply in the first quarter; more deals are in the pipeline.
Although the oil-rich emirate does not need other people’s money to finance big-ticket projects, it has shown an increasing appetite for project finance, reports Mark Ford in Abu Dhabi.
French bank increases staffing and product offering.
In a sign that Kazakhstan is set to become increasingly visible on investors’ radar screens, a new investment bank has been set up there to offer a full range of corporate finance and brokerage services.
While rivals’ share prices roar ahead, Citigroup’s languishes.
The first wave of easy returns on commodities has passed, while allocations continue to grow.
It’s a good job that many US investment banks have had such a strong first quarter.
There is a consensus view that European equities are cheap and that M&A will continue to drive the market up and keep the liquidity flowing.
Record liquidity stymies growth of securitization.
Sheikh Mohammed Al-Thani has many roles.
The volume of European equity capital market deals from the real estate sector has been growing strongly over the past two years and is expected to increase again this year.
Introducing a light-hearted look at the financial markets players as well as the issues that keep bankers up at night.
This has been week of two key changes, closely linked: long-term yields are at last rising and emerging markets are seeing a correction in bonds and stocks.
More than 50% of Citigroup’s corporate and investment banking revenues come from outside north America, so emerging markets are the cornerstone of its success or failure.
A hostile bid in the Malaysian banking market is almost unheard of.
The FSA took a couple of years but the UK regulator has finally accepted the concept of covered bonds; the Netherlands will be next.
Further consolidation in Latin America’s banking industry is expected on the back of strong economic growth and financial stability.
The US bank has made an expensive foray into China’s banking market, with little to show from two-and-a-half years’ work and millions of dollars spent.
The Swiss bank is making determined efforts to grow its US private banking business.
The market is attractive to potential foreign acquirers, but the process of acquisition is proving far from easy.
Thai capital markets are set for a bull run.
Dollar bond with enhanced curve is a sign of bigger things to come.
The country’s banks are successful and stable.
Taiwan is desperately overbanked and the unprofitable financial sector is crying out for successful consolidation and rationalization, rather than ill-judged government initiatives.
India’s distressed debt market has a problem.
Lehman's Grant Bowman has a taste of Superbowl fame in the Pittsburgh Steelers practice squad.
As KPMG wins a $5.4 billion advisory mandate, are consultants stealing big deals from investment banks?
With the notable exception of Deutsche Bank, German investment banks’ performance has lagged their French peers for most of the decade.
US state’s decision to pass a law protecting a bank from shareholder activists is seen as a setback for investors.
DrKW has embraced blogging in a big way.
In December 2001, the government defaulted on $81.8 billion of debt repayments and broke the peso’s link with the dollar.
With Mario Draghi taking up a position on the European Central Bank’s governing council, and Jürgen Stark set to be the next new member, the inner sanctum is likely to become more pragmatic than doctrinaire.
Supply of both Islamic-compliant and conventional instruments has so far failed to keep up with the voracious levels of demand across the Middle East, but there are signs that product-starved investors might now begin to see a steadier flow, though far-reaching challenges remain.
Jorge Maortua, deputy head of global wholesale banking for Grupo Santander and the group’s head of treasury services, is running a fast-growing business.
The number of Middle East-based hedge funds is set to increase.
Government announces incentives to attract foreign investment.
Financial sponsors now account for an important chunk of advisory fees, but not all banks are cashing in.
Latin America’s development bank has to change tack as countries in the region rely less on dollar funding.
Oil producers strike it rich, but long-term issues remain
The high price of oil highlights the fact that many economies are too reliant on raw materials exports, with governments creating unfavourable conditions for foreign investment through neglect or for political reasons.
Reserve confirms Wachovia deal qualifies for tier 1.
Bank of America gets the edge with its acquisition of Financial Labs.
Barclays believes there’s plenty of room for growth, helped by streaming prices on its own trading platform.
Where developed western markets go, Asia’s markets usually follow.
The Iranian authorities’ recent granting of operating licences to two new private banks (Bank Sarmaye Daneshgah and Bank Pasargeda) suggests that the sector has a future, despite president Mahmoud Ahmadinejad’s apparent disdain for his predecessor’s reformist agenda.
Grupo Santander is often considered to be among the sharpest of borrowers, and it certainly has one of the biggest profiles.
This could be just the beginning of a battle between exchanges and their users.
Manic demand for returns is putting Latin American issuers in the driving seat, calling the shots on subjects such as length of maturity, target investor base and restructuring opportunities.
The sale of Hotspot has prompted a torrent of speculation about the future of other ECNs.