Hybrid corporate bonds might be the new hot product of the Eurobond market but originators’ hopes for a deluge of new issues have not been fulfilled.
Do hedge funds need strategic advice from investment bankers? And do banks need to set up new departments to offer it? Yes, reckon UBS and CSFB; no, say many of their competitors.
The Inter-American Development Bank’s new president, Luis Alberto Moreno, speaks to Sudip Roy about his plans to make the bank’s policies more relevant to the private sector in a region that is attracting growing investment inflows.
Banco Central de Chile president Vittorio Corbo is arguably Latin America’s most respected central banker.
Taiwan recognized the failings in its existing pension systems early.
In 2005, while issuers, underwriters, rating agencies and regulators have still been grappling with the question of covered bond identity, investor concerns have been more basic – spreads, yields, and the arrival of new investors.
Arab banks have sustained the recovery that began in 2002, with Gulf institutions in the forefront.
Another round of changes to financial legislation could reshape the German covered bond market.
Spot FX prices are so tight that it is almost impossible to make a profit from market making.
The Philippines’ state pension schemes are in a parlous financial condition and in desperate need of reform, but the government has no money.
The European Union is introducing the first uniform covered bond legislation.
The fallout from the recent broker investigations has prompted reinsurance broker Benfield to branch out into primary business and create Benfield Corporate Risk.
India’s private-equity business is growing fast again.
Brokerage firm Refco steals the headlines but Samsung faces major fine.
Pension funds’ need to outpace the effects of inflation has prompted growing exposure to alternative investments.
The jumbo covered bond market was 10 years old this year.
Intrigue surrounds FSA views of an HBOS tier 1 deal.
With an amazing recovery from the brink of collapse and a comprehensive debt restructuring, everything seems to be going right for the Dominican Republic.
Hedge funds are overflowing with money, and margins on traditional strategies are shrinking.
Turkey looks set to be the next great EU convergence play.
Sales of non-performing loan and real estate portfolios to foreign investors have stirred controversy in Germany, with the buyers being described by a senior politician as “a plague of locusts”.
In the first of a series of articles, Euromoney examines the status of pension reform in two countries at the extremes of Asia’s pensions revolution, Taiwan and the Philippines.
Global M&A volumes are heading back up to levels not seen since 2000.
Investors are offered first subordinated bond issue by a Middle Eastern financial institution, lead managed by Deutsche Bank and UBS.
Mercury had great people and a great process.
The M&A boom is good news for equity capital markets.
Investors are pushing bank CEOs to produce growth.
Zhou Xiao Chuan, governor of the People's Bank of China, tells Sudip Roy why the renminbi was revalued and what financial reforms are next on the agenda.