If international football teams performed according to economic criteria, one from the eurozone would not necessarily come out on top.
Users of the EU’s clearing and settlement systems would like to see a firmer hand on the tiller.
Market participants need to focus on the relevance of information, and not just information for its own sake.
When asked what vexes him most in his dealings with investment bankers, Fabio Barbosa, CFO of Brazilian mining company Companhia Vale do Rio Doce (CVRD), takes a few moments to think.
Summer began in style on July 13 as Euromoney hosted its annual Awards for Excellence Dinner in London.
Despite a downturn in emerging markets, Latin American companies are eager to tap the developing hybrid securities market to raise money to recapitalize their balance sheets without affecting their credit ratings or causing equity dilution.
High borrowing levels and possible interest rate rises could threaten profitability in the US and Europe, while Asian and Latin American banking systems become increasingly sophisticated, say analysts from Moody’s Investors Service.
PCCW is now controlled by Francis Leung.
Joseph Ackermann has just signed on for another four years at the helm of Deutsche Bank.
Inaugural mortgage securitization is sign of a fast-developing market.
Dubai Investment Group subsidiary Dubai Financial has bought a 40% stake in Malaysia’s oldest Shariah-compliant bank, Bank Islam Malaysia Bhd (BIMB) – the group’s largest single investment in the Asian financial sector to date.
The oft-perceived wisdom is that consolidation into the hands of fewer and fewer major players will continue.
The hedge fund mantra of making absolute returns regardless of market conditions is questionable.
A look a continued inflationary pressures coming through in the US and likely effects on US Monetary Policy.
Insurer explains impact of 2005 losses on its catastrophe bond.
Reinsurers’ underwriting is impressing the market.
Heath Lambert pulls out of merger discussions with JLT
What lessons did Stan O’Neal learn from the restructuring of Merrill Lynch at the turn of the decade? What are Merrill’s plans in mortgages, private equity and asset management? And what continues to drive Merrill’s CEO forward? O’Neal reveals all to Clive Horwood in his first in-depth interview since becoming the firm’s chairman and CEO.
Strength comes from the top.
What are perceived outside the firm as conflicts of interest have not deterred clients from lining up to use Goldman Sachs’s M&A expertise.
When Stan O’Neal took over as president and CEO of Merrill Lynch in 2001, the thundering herd of the 1990s was clapped out.
Daniel Bouton, chairman of Société Générale, plays the game by his own rules.
Daniel Bouton, chairman and CEO of Société Générale, discusses in detail his bank’s culture and strategy with Euromoney’s editor, Clive Horwood.
RBS has leveraged its experience in the sector to maintain its impressive franchise as both project finance adviser and arranger.
As the silly season opens this summer, the British have a new hero or rather triumvirate of heroes.
While Stephen Roach of MSI criticises Bernanke over “flip-flopping”, we find him quite consistent in quietly squeezing US borrowing till the housing bubble ends and credit expansion slows.
The flight to safety has eased but only temporarily, as the fundamental cause, drying up of liquidity, remains.
If Latin IPOs had a resurgence until a couple of months ago, so did structures that were either untried or hadn’t been used in years.
Euromoney congratulates those that have won this year, and challenges those that came close to make our decisions even harder in 2007.
Emerging markets have not responded well to the recent wobble of international stock markets.
Kuwait’s largest project financing to date closed on June 14.
But could publicly listed private equity funds stymie their development?
The structured credit market has truly come of age.
The refinancing of the Grupo Ferrovial takeover of BAA will be a showcase for infrastructure securitization, the first of a number of high-profile deals expected this year.
The panel for the second session at Standard Chartered’s China and Africa forum had already faced some tough questions on poverty and corruption, so they must have been uneasy when the Standard Chartered banker who popped up at the last minute took an even tougher line.
Barclays Capital has expanded its electronic trading platform to offer secondary market liquidity in all the bank’s equity structured note offerings.
Jürgen Stark has taken Otmar Issing’s seat but Issing’s old role has been split, reinforcing collegiality on the board.
High net-worth individuals (those with more than $1 million in financial assets) increased their wealth by 8.5% in 2005, according to the 2006 Capgemini/Merrill Lynch World Wealth Report.
Less liquidity in equity markets suggests that investment strategies harnessing volatility are appropriate.
The primary equity market is the latest victim of the sustained falls in stock markets around the world, now into its second month.
Simplify, simplify, simplify.
When Euromoney's journalists were able to do a bit of work between World Cup matches in June, football was never far from our minds.
A government committed to reforming Portugal’s public sector has also shown that it cares about capital markets.
This year the annual UBS financial institutions’ summer conference was held in Valencia just as the football World Cup was starting.
Foreign institutions considering an M&A foray into the financial services sector in Asia might want to pick up a copy of PricewaterhouseCoopers’ recent report on the matter before doing so.
Asia’s private banking ranks continue to swell as a benign market lures in more entrants.
Is it time to reconsider the make-up of equity portfolios?
The recent sale of the first Islamic compliant securitization originated in the US is likely to open up a new source for the sukuk market, bankers believe.
All the fundamentals are in place for rapid expansion of the Mexican MBS market.
It seems no business is too small as the leading sell-side players look to increase their FX trading volumes.
Private bankers are intent on finding value for their investors by identifying and harnessing influential emerging economic and social trends.
The equity market’s violent reaction to seemingly innocuous data has puzzled many commentators.
Bradford & Bingley’s treasurer, Peter Green, and head of capital markets and securitization, Mark Winter, want to regain ownership from investment banks of their institution’s dialogue with investors.
All banks have to deal with non-performing loans (NPLs) and delinquent debtors.
The US bank confirms its top position in the league tables.
Ever since Kuwait amended its banking legislation in early 2004 to license foreign banks, outside players have continued to show confidence in a high-potential market.
Hot on the heels of its highly successful $11 billion IPO in Hong Kong, mainland Chinese state-owned Bank of China is listing in Shanghai, raising an additional $2.5 billion.
Argentina’s central bank president reckons that it will take at least another two or three years before his country’s economic variables normalize.
The real test of Goldman Sachs’s new model will come in a prolonged downturn.
The US investment bank’s move points to a greater focus on the FIG hybrid capital sphere from its DCM coverage teams.
Finding suitable talent to staff the growing private banking markets in Asia has always been a challenge.
The merger of Caisse d’Epargne’s and Banque Populaire’s investment banks and asset managers opens up the possibility of even more consolidation in France.