Total losses from the credit crisis amount to $1.8 trillion, much of that suffered by buyers of supposedly low risk structured credit securitizations that turned out to be garbage.
Note well what King of the BoE is spelling it out, echoed by Trichet: an income squeeze in the West is unavoidable.
The new asset class of European bailout bonds has flown off the shelves in January.
Struggles are emerging between governments nurturing weak recoveries and central banks wishing to dampen inflation.
Includes Bonds, Equities, Loans, M&A, MTN, Project Finance
Kevin Connors, Goldman Sachs’ global co-head of global G10 foreign exchange sales, is understood to have left the firm abruptly last week.
The SEC’s enforcement chief Robert Khuzami is under investigation for allegedly giving preferential treatment to Citigroup in the settlement of a case related to its exposure to subprime mortgages.
Europe’s bottom-up problems may be on their way to solution, contrasting with the USA where Federal budgetary deficits are spreading down to States and Municipalities, with rising yields for “munis”.
Western bankers have paid a heavy price for their expansion into the further reaches of central and eastern Europe yet the region still offers potential for growth.
The two countries will not be able to sustain their export-led growth policies while inflation is boosted by QE II.
Basle III has been agreed and rubber-stamped in a remarkably short time.
The ousting of long-time mayor Yury Luzhkov could pave the way for the sale of a number of prime assets owned by the Russian capital’s administration.
This month there will be a changing of the guard at UK bank plc.
Central and eastern Europe is not a single entity when it comes to cash management.
The president of the EBRD tells Sudip Roy why adopting the euro is still the best option for central and eastern Europe’s EU members.
As much as bankers complain about politicians, the country’s biggest problem might be the banks themselves.
Launches find it hard to raise capital; Investment banking salaries prove more appealing
As chief executive of HSBC, Mike Geoghegan had a ringside seat at the biggest ever global financial crisis.
In his final interview as chief executive of HSBC, the bank he served for almost 40 years, Mike Geoghegan answers the questions that matter.
Last month, Euromoney attended a reception celebrating a landmark anniversary for one of China’s leading financial institutions.
Sovereign wealth funds buy in; Firm now valued at $9.7 billion
An entrepreneur at heart, and with a stint as a girls’ dress shop owner already under his belt, the teenage Geoghegan had his sights set on pursuing a business degree at University College Dublin before a job offer as an HSBC trainee manager threw him off course.
Local regulators keen to attract new entrants; Aversion to banks exacerbated by AUB affair
If market confidence in the eurozone is to be restored, not just Greece and Ireland but also Portugal and Spain need the attention of the EU’s Financial Stability Facility.
Corporates are still squirrelling away cash, so bond issuance has shrunk.
Bank has had good results by sticking to its derivatives skills; Michel Péretié, head of CIB, is seeing first fruits of investment in M&A advisory
Banks might refuse to underwrite and distribute sovereign debt at risk of principal reduction.
Extent of US bank failures to be revealed in H2 2011; M&A in US banking sector will be subdued
Competition is intense in trade finance banking while the funds banks need to engage in it are harder to raise, reducing margins.
Find out how your trade finance bank ranked across a selection of service categories and in an overall, global ranking.
The rapid expansion of trade both between and within emerging market regions is an opportunity as well as a challenge.
Citi, which has once again been ranked first globally in Euromoney’s trade finance survey (with almost double the number of points as second placed Deutsche Bank), dominates the industry.
Basle III has been flagged as perhaps the most important development in the recent history of trade
Pricing in trade finance – which is driven primarily by the cost of liquidity and the cost of risk – has had a rollercoaster rise in the past two years.
We consider whether yield curves will steepen and overnight rates be raised, and reach a conclusion as to the likely order for four major currencies.