We follow Stan O'Neal's CEO-ship at Merrill Lynch, starting with David Komansky's decision to name O'Neal as future CEO in 2001.
The most striking feature of the subprime crisis is how the failure by cash-strapped house buyers in California to meet their mortgage payments could have had such far-reaching consequences.
Your shareholder agreement in Russia is probably unenforceable.
Including: Asia Pacific (ex Japan), European, US and Global Announced M&A
Including: ECM Convertible Bookrunners: Asia, EMEA, US | ECM IPO Bookrunners: Asia Pacific, EMEA, US | ECM Bookrunners: Asia Pacific, EMEA, US and Global
Including: Bonds - Global (ex Japan) MBS/ABS Bookrunners | HY debt: Asia Pacific, EMEA, US | IG debt: Asia Pacific, EMEA, US | $ DCM Bookrunners | € DCM Bookrunners | International DCM Bookrunners | Loans - EMEA sponsor-driven loans | Global IG loans | Global leveraged loans & highly leveraged loans | Mandated Arranger: Asia, EMEA, US, Global | Non-syndicated MTNs, Private MTNs
In the light of the troubled times the covered bond market has found itself in, the European Covered Bond Council has proposed to establish an emergency committee.
Fundamental stability in corporate credit means that banks’ secondary loan books are not their immediate concern.
Cash management is a hugely attractive business for the banks that have ended up at the top of the consolidation pile, with earnings stability and high returns on equity.
As volatility spreads across the debt markets, the CMBS market is taking stock.
Banks are rushing to offer investors access to exposures designed to replicate the performance of hedge funds but without the high fees and other drawbacks.
The first European bank to be cleared to use one of the new Basle Accord’s advanced approaches – and reap the rewards – is not headquartered in London, Paris, or Frankfurt.
After what could be described as a difficult conception and then arduous labour, foreign exchange settlement system CLS has gone on to thrive in the first five years of its life.
Thomas Fischer’s grand plans for WestLB were doomed to fail.
The recent rise of shareholder activism, particularly from the hedge fund sector, has not been universally welcome.
The credit crisis that began in the US sub-prime mortgage markets has had inevitable consequences for corporates’ short-term investment decisions.
N&P’s achievement has made it a standard-bearer for the UK building society sector – proof positive that the mutuals can match their listed competitors when it comes to risk management savvy.
The Single Euro Payment Area (Sepa) has been the subject of endless articles and conferences over the past few years.
The credit crunch has made life especially difficult for the credit portfolio managers charged with hedging commercial banks’ massive corporate loan portfolios.
Opportunities are growing for distressed debt and equity investors in the region despite record levels of private equity fundraising.