North America

Big pools of private capital, led by sovereign wealth funds, private equity sponsors and family offices, now dominate capital formation in the key growth industry sectors of technology and biotech and the expanding markets of Asia. New tech will let networks of private investors connect and exchange it more easily.

As part of Euromoney's 50th anniversary coverage, we profile some of the biggest names that we interviewed for our April capital markets focus.

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?

Few things age as ungracefully as technology, and the pages of Euromoney’s archives are a treasure trove of the weird and wonderful gizmos that banking has embraced.

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?

As part of Euromoney's 50th anniversary coverage, we profile some of the biggest names that we interviewed for our April capital markets focus.

Closure of second investigation brings embarrassing episode to an end.

Investors are using exchange-traded funds (ETFs) as tactical tools and strategic, longer-term allocations, so banks are investing heavily to capture this business.

Firms are funding social and environmental projects on the one hand and fossil fuels on the other – it’s time to show they care.

The sharp sell-off in credit in December and rapid recovery in the first quarter is a worrying sign of market dysfunction.

JPMorgan Chase to stop financing private prisons; Aspiration shows values-based banking model.

The bank confirms focus on transaction banking by strengthening ties with its investment banking unit through new appointments.

Bundling FX and non-FX services has become an established strategy for smaller prime brokers seeking a foothold in a market where the barriers to entry remain dauntingly high.

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

Andrea Enria must open up the European Central Bank’s (ECB) bank data and supervision to scrutiny, but he faces resistance, and not just from banks.

Macro and monetary policy factors are affecting some currencies more than traditional commodity triggers.

The rationale to accelerate cuts in its US investment bank is obvious, but an orderly withdrawal will be hard to execute.

JPMorgan is trying to advance its master plan for global fintech domination with a discipline that is often lacking in a sector better known for wildly over-promising than actually delivering practical solutions.

I am delighted to see two large sustainable bond issues from US banks already this year.

Be humble in victory and gracious in defeat.

$500 million bond for affordable housing and CDFI loans.

JPMorgan says that its new dollar stablecoins are collateralized against client dollar deposits but it also emphasizes its own strong balance sheet as surety.

Even though this business is notoriously sticky, Goldman Sachs’ entry into cash management business could shake up the industry.

Tired of paying what they view as exorbitant fees to the incumbents, some large US brokers, banks and financial services firms have now decided to take the US equity exchanges on at their own game. The names involved and the amount of order flow that they now control mean that – this time – it could just work.

In December last year, the SEC launched its transaction fee pilot, a landmark investigation into the effect of fee and rebate models on order routing, trade execution and general market quality. The pilot involves a test group of 1,460 securities.

Tired of paying what they view as exorbitant fees to the incumbents, some large US brokers, banks and financial services firms have now decided to take the US equity exchanges on at their own game. The names involved and the amount of order flow that they now control mean that – this time – MEMX could just work.

$4.3 trillion of loans and bonds are vulnerable to US rate rise or economic slowdown, stoking fears of a wave of fallen angels.

The proposed launch of a new US equities exchange may just be a shot across the bows of the incumbents, but it illustrates the anger within the industry at exchange revenues that have risen 5.4% annually since 2010.

President Donald Trump has pulled off the almost impossible task of making America’s banks look good, if not exactly great, again.

On January 25, after a record-breaking 35-day shutdown, a deal was finally struck to fund US government activity until February 15, but without another agreement, state agencies will again close down on that day. Equity capital markets bankers could face further disruption and precious few options for getting IPOs out of the door.