Sub-investment grade debt: Blended risk

Sub-investment grade debt: Blended risk

April 17, 2019
By LOUISE BOWMAN

Investors and issuers increasingly view leveraged loans and high yield bonds as practically one and the same from a risk perspective.

Banking: Generation tech rent

Banking: Generation tech rent

April 11, 2019

Capital markets banks are investing heavily in technology, partly in response to the threat from fintech disruptors but also just to keep their businesses running.

Innovators drove the markets – what drives them now?

Innovators drove the markets – what drives them now?

April 11, 2019

Capital markets bankers have spent much of the last five decades dreaming up products to help clients and themselves make money, but is process, which has largely taken a back seat, now becoming the battleground?

Capital markets: Turning art into science

Capital markets: Turning art into science

April 11, 2019

Pricing new issues on intuition and market feel is ancient history – artificial intelligence and algorithms are setting the market price for credit, using factors and correlations humans can guess but not follow.

How leverage transformed the M&A business

How leverage transformed the M&A business

April 11, 2019

In business school they teach you that rising equity markets drive increased mergers and acquisitions activity, but perhaps it is really the debt markets that have driven the booms and busts in M&A.

Leveraged finance: poster child or problem child?

Leveraged finance: poster child or problem child?

April 11, 2019

Leveraged finance has contributed to plenty of crises over the last 50 years, and the market is bigger and deeper than it has ever been – does that make it more disciplined or more dangerous?

Sideways: Deutsche Bank's Garth Ritchie – the Brexit thinker

Sideways: Deutsche Bank's Garth Ritchie – the Brexit thinker

April 03, 2019

The news that Garth Ritchie, head of investment banking at Deutsche Bank, is being paid €250,000 a month for extra responsibility 'in connection with the implications of Brexit' has been condemned in Germany, where politicians and union leaders are preparing to oppose a potential merger with Commerzbank and associated job cuts.

Pakistan tries to break the IMF habit

Pakistan tries to break the IMF habit

March 18, 2019

Pakistan is a bailout addict, having spent 22 of the last 30 years in the fund’s intensive care, but can Imran Khan’s new government break that dependency? His finance minister says he has the cure.

Special focus

SME financing: special focus

SME financing: special focus

March 25, 2019

The vexed battle to finance small and medium-sized enterprises (SMEs) continues amid risk aversion, economic weakness, new regulations and banks’ balance-sheet repair.

Donald Trump: special focus

Donald Trump: special focus

March 18, 2019

What has Trump's presidency meant for banking and financial markets? Unsurprisingly, things haven't gone as expected.

Iran sanctions: special focus

Iran sanctions: special focus

December 03, 2018

Euromoney investigates how the relaxation of western sanctions on Iran – dubbed the world’s most lucrative closed economy – will jump-start trade and capital flows from Europe to the Gulf, and plots a vision for the country's banking system and economic transformation, more generally.