Deal architect - rights issues: Mortgage lenders hunt around for recapitalization cash

With UK lenders RBS, HBOS and Bradford & Bingley in the market with rights issues totalling more than £16 billion ($31.5 billion) as Liquid Real Estate went to press, and intense speculation that Barclays Bank and others might soon follow suit in order to shore up their capital adequacy, recapitalization looks set to become the financial trend of the season for UK mortgage lending banks.

Bond Outlook May 21st

Against a background of unrelenting bad economic news, we consider the looming dangers of the world’s largest unregulated insurance and financial market: credit default swaps.

Bond Outlook May 14th

The data used to calculate LIBOR may be improved by threatening the participating banks, but how can we deal with official statistics which have been creatively manipulated for decades?

Esteves quits global role at UBS

Andre Esteves has quit his role as global head of fixed income, commodities and currencies (FICC) at UBS, the troubled Swiss investment bank.

Structured products: Keeping it simple

Investment banks are rushing to offer systematic payoffs and smart underlyings as structured notes, partly in response to investors’ growing mistrust of more complex products.

Romania’s rocky road to reform

Romania is vulnerable to the global credit crisis, with its current account in deficit, a budget shortfall and a domestic credit binge.

Q1 equity-linked deals plummet

The number of new equity-linked issues in the first quarter of 2008 fell dramatically across all regions in comparison with the same period in 2007.

Private equity adapts to the new climate

Private equity businesses have taken a battering from the credit crisis but the industry remains flush with cash commitments from investors and appears to be trying to adapt to a world devoid of easy and cheap financing.