A long history of dispute over what the Gulf-based adviser should be paid for her role in helping the UK bank raise capital during the financial crisis, first revealed by Euromoney, has been revived – and escalated – by a new claim lodged in the UK High Court.
The Basel Committee on Bank Supervision released long-awaited guidance on a new capital regime for market risk in January.
The film of The Big Short provides a welcome reminder of the glory days of Morgan Stanley’s fixed income franchise, when Howie Hubler managed to lose $9 billion on botched structured credit tranche trades.
The January fall in emerging market currencies, the exodus of foreign capital and a global bear market in equities all point to a new financial crisis.
Portugal’s central bank had very few options when it decided to bail-in senior bondholders of Novo Banco at the end of last year.
The Bank of Portugal’s decision to transfer just five tranches of bonds on December 29 was not made in isolation.
Distrust in official data coincides with hedge-fund closures, including Nevsky Capital.
Bank of Portugal tells Euromoney that Novo Banco bail in has satisfied BRRD conditions for the exercise of retransfer power but insolvency experts believe that important criteria have not been met
It was the weakest year for global trade since the financial crisis.
Policymakers must work harder than ever to boost trade and banks must revisit their strategies to meet this new threat to their business.
The fintech bubble is inflating rapidly in Asia, with near hysteria over how it will improve everything from return on equity to erectile dysfunction.
Despite signing up to the Santiago Principles, most sovereign wealth funds don’t observe them, nor do they have to.
The South African president’s recent erratic changes in the ministry of finance highlight his flailing leadership.
International investors will swiftly return to Latin America if they see clear evidence of economic progress.
It shows how far expectations have fallen for CEE that its most exciting prospect is now Romania.
Leading green bond issuers are working together to find a solution to one of the problems holding back the growth of the market – how to report back to fund managers on the environmental impact of their investments.
Often overlooked and taken for granted, the repo market is crucial to the flow of cash and collateral through all other financial markets, so talk of a coming meltdown is troubling.
Issuer awareness of what investors want is key to the development of impact reporting.
The liquidity mismatch that has built up in sub-investment grade credit meant it was only a matter of time before the market blinked
Default? What default? Asia Pulp & Paper, Sinar Mas and the Widjaja family, once pariahs of the international financial markets, have bounced back with a vengeance.
The financial woes at APP in 2001, which led to its default and subsequent debt restructuring, opened up a can of worms within the wider group.
Patrick Drahi has taken advantage of low-cost debt to make Altice one of the world’s most acquisitive media conglomerates.
American private equity sees sub-Saharan Africa as an opportunity in an era of slow growth, but have been slow to tap in to the region’s long-term potential.
Brazil or Argentina need to spark revival; Latin America investment banking’s worst year since 2009.
Arrests, disappearances and suicides rock industry; investor unease at hard-nosed Beijing.
Private/public valuations diverge; investors becoming ‘more rational’.
Spanish infrastructure credits trade down; money continues to flow.
Flight to AT1 from high yield expected; tier 2 needed to mitigate ALAC impact.
As European banks return to the stock exchange, don’t expect much growth in balance sheet or geography.
