The sovereign believes that its debt obligations are much lower than the $80 billion to $90 billion that has been widely assumed.
Bond investors thought Dubai World was government risk.
The news that the state-owned company has asked for a credit standstill badly damages the emirate’s reputation.
A Chinese-made spanner has been thrown into the rebalancing works with their RMB pegged to the USD.
Its £22.5 billion capital raise staves off Europe Competition Commission demands for a complete break up.
Complex new arrangement splits venture in two; MUFG CEO says no sale of stake in MS for now .
Reluctant investors under pressure to buy, while bookrunners await fee bonanza; Analysts say extra capital will not solve banks’ inherent problems
Aiful and Isda; Japan’s megabanks raising capital; Morgan Stanley/MUFG
The last thing chairman Walter Massey and his board need as a successor to outgoing Ken Lewis is another pugnacious Bank of America lifer who rubs politicians the wrong way.
Cheap money always looks for a home, even a risky one, and that builds bubbles.
Investors furious at status of up to $1.5 billion of contracts; credibility of CDS market in Japan is at stake
Assailed on all sides for preparing to pay huge bonuses from a financial market kept alive by systemic government support, Lloyd Blankfein is having to fight Goldman’s corner almost as fiercely as when the crisis was at its worst.
Lloyd Blankfein reveals it's not business as usual at Goldman Sachs.
Maybe the end quantitative easing will not lead to inflation, but it will add to the pressure to steepen yield curves as government borrowing moves to financial markets.
It looks as if RBC may be losing its staff to Hollywood.
Bankers are often caricatured as greedy, bonus-grabbing individuals.
The ink has just dried on the contract.
The number of commercial banks has increased from 17 to 27 in the past two years.
Global investment banks under domestic pressure to curb salaries and bonuses face a dilemma in booming Brazil: how to compete for skilled staff in a market where local competitors face no such constraints.
They have raised private capital in abundance as their stock prices soared.
The country’s investment banks are encouraging firms to take a longer-term view of risk management and funding.
The Middle East’s best-known international investor says his faith in capitalism remains unshaken.
The credit crisis almost razed the entire edifice of modern finance to the ground.
The end of the civil war has boosted economic confidence.
The financial markets bounce is unsustainable.
HNWIs seek safe haven on isthmus; But regulatory pressure is growing
Plans on hold until recovery assured; Eligible asset limitations anger banks
Troika Dialog deal strengthens Standard Bank’s emerging markets presence; Troika Dialog gets better access to Standard’s balance sheet and links to China’s ICBC
Talks under way about payment arrears; Agreement with holdouts also under consideration
Banks under scrutiny over lending growth; Central bank praised for its supervision
Alliance Bank’s steering committee agrees to terms of restructuring; Government to avoid assuming all liabilities
Two problems are looming: the end of quantitative easing in the short term and reduction of debt to GDP at government level in the long term.
Shift from return-seeking to risk management; But more complex products expected to revive
Banks now busy negotiating debt-for-equity swaps in their distressed investments could actually be making their problems worse.
The Swiss bank needs to make a real commitment to the key Latin market, or give up the ghost.
Co-head was glue that held businesses together; Risk management hole needs to be filled
China sceptics think a dangerous asset bubble could be building.
Economic conditions may appear to be easing, but the region’s biggest challenges still lie ahead.
M&A worse than volumes reveal, fees down; 2010 seen to be better if equity markets stay up
The banking system is still on life support; A new fund might protect against renewed panic
The latest amendments to the rescue of RBS have brought into focus the trade-off that goes with government bailouts.
State-supported banks are being forced to sell; New entrant RHJ International will build on Kleinwort Benson
Uncertainty is growing over the scope and scale of restructuring plans to be imposed by the EU Competition Commission on European banks that have been kept alive by state aid.
How much does the Kingdom care about foreign investment?
BNP Paribas leads the way on state repayment; Are other banks looking to do too much, too soon?
Divestment plans to be imposed on Lloyds show the EU competition commission will not let European banks off the hook lightly for their past sins.
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