The credit market has witnessed a number of unguaranteed deals from European banks.
The US Treasury has criticized banks for reducing lending after it bailed them out.
Goldman Sachs received plaudits following its first-quarter results.
During 2008, Henderson Global Investors expanded into the advisory business and Ganesh Rajendra has been hired to drive this part of the business forward.
The sale of Pactual could be the first of many disposals of emerging markets assets by banks desperate to raise capital.
Don’t just blame the locals: these are age-old derivatives-based losses.
Eddie George’s skills are missed now more than ever.
Private equity stepping in to the vacuum left by lending banks.
Fubon Financial’s chief executive sees no hope at home without intensive consolidation.
Nigerian controls endanger foreign investment in Africa as a whole.
If the stimuli work, it will be inflation, if not deflation.
Includes Bonds, Equities, Loans, M&A, MTN, Project Finance
At the beginning of the year Kuwait’s biggest investment company, Global Investment House, announced that it had defaulted on about $2.5 billion in debt.
The same facts today are being interpreted in opposing directions; the usual “optimism vs.
Brazilian billionaire Andre Esteves has bought back much more than he sold just three years ago.
While we urge caution about recovery signaled by the stock market rally, we are quite optimistic about the operations of financial markets, especially for fixed-income instruments and credit in general.
A wider client focus with an eventual move into retail banking to ensure more stable funding will follow the implementation of a new shareholder structure at Gulf International Bank.
Macroeconomics has led us a view that this recession is L-shaped.
There are significant changes at the top and lower down the first quarter 2009 investment banking revenue rankings.
Governments on both sides of the Atlantic have announced ambitious infrastructure spending commitments.
In a period of financial crisis corporates are particularly concerned about avoiding risk, but are also keen to get their cash working at a time when credit is hard to raise.
The country restructured its financial system after the Asian crisis, and so it might have lessons to offer the world.
With the business models of many of the largest financial firms destroyed by rapid deleveraging, it suddenly looks smart to be a purveyor of independent advice.
Germany’s commitment to the EU project will guarantee bailouts for weaker eurozone members.
Chinese banks need to grow new income sources from fee-based services such as private banking, cash management, trade finance and investment banking.
Contrary to recent reports, Mexico’s government is not planning a rescue of beleaguered cement company Cemex, according to a senior finance ministry official.
Last month executives of the world’s largest banks, alarmed at collapsing share prices, told everyone what a profitable start to 2009 they had enjoyed.
Caution rules to get paper away in reopening debt markets.
The ECB could soon take the unprecedented step of buying private debt.
As the Philippines faces the Legacy scandal, president Gloria Macapagal-Arroyo is trying to reassure the world that her country is better placed to withstand the global crisis, after the lessons of 1997.
China’s banks are lending a hand to support the government’s efforts to stimulate the economy.
Fixed-income markets stand at a crossroads.