"Return to profitability in 2009 is our most important priority".
While the structured products business is having a tough time as a result of poor performance and lower demand, the flow business is enjoying record volumes, particularly for exchange-traded options.
In the second part of Euromoney’s foreign exchange debate, which took place in late 2008, industry experts consider the future for the business.
Structured products are proving neither as safe nor as lucrative as investors were led to expect.
A looming recession threatens a shake-up of the country’s staid industries.
Includes Bonds, Equities, Loans, M&A, MTN, Project Finance
The primary market share of the top 10 global debt houses declined considerably in 2008, according to full year figures released by Dealogic.
As the UK market limps to the end of 2008, property valuations have once again come in for criticism.
Once a property paragon, Singapore’s CapitaLand has been confronted with fundamental questions about the viability of its business model.
Two of the world’s leading logistics developers have reached a turning point in their fortunes.
As in all other areas of financial services, the credit crunch has made its presence felt in international cash management.
Investors are busy in the country’s many retail, residential and hotel development opportunities, but in one source of funding – nearby Greece – local real estate investment companies are keeping money closer to home.
So far, the country’s economy has not been hit by the global downturn but analysts have been predicting trouble for some time.
Firms with large real estate portfolios are turning to specialists to manage their holdings and realize cost savings.
While much European commercial real estate is struggling, the logistics and warehousing sector has been comparatively buoyant.
Deleveraging is the key word of the moment and there is still a long way to go for banks and hedge funds.
Over the past five years the world’s biggest investment management firms have increased allocations to property, propelling the asset class into the mainstream.
Real estate investment trusts’ performance has seen better days.
Unlike most sovereign wealth funds, the State Oil Fund of Azerbaijan is still growing strongly and looking for more foreign risk.
In this downturn, corporate restructurings will be driven by problems at the banks rather than the struggling companies themselves.
Kazakhstan has emerged as the principal conduit for South Korean investment in central Asia.
In the past few months the Russian capital markets have been hit by a rush of selling as spooked investors head for the exit, sending valuations into free fall.
After enjoying years of plenty, the country’s investment banks are facing up to the prospect of leaner times ahead.
In the first of a series of interviews for 2009 with some of the world’s leading corporate chief executives, boss Antonio Brufau talks to Laurence Neville about his strategy for keeping a top-10 energy company on track in challenging times.
In 2009 corporate issuers are likely to join financials in seeking to push through equity issues aimed at repairing balance sheets.
US policy failures in the autumn of 2007 were crucial both in letting the financial crisis fester and then spiral out of control, and in a premature, panicky slashing of interest rates that paradoxically aggravated the slowdown severely, writes Charles Dumas.
Jordan’s Arab Bank is one of the most influential financial institutions in the Middle East.
Just two years after facing its previous financial crisis, Hungary is once again in trouble thanks to over-reliance on foreign markets.
Global stock markets are at their cheapest for 25 years.
The credit crunch has spread to emerging Europe – despite what the region’s central bank governors may claim.
Agency brokers have returned to fixed income just as investment banks have withdrawn from the market.
The process of restructuring struggling enterprises in this downturn will be different not only because of the nature and number of stakeholders in each deal, but also because new players are present at the restructuring table.
The key challenge for both corporates and financial issuers will be the $650 billion in bonds falling due this year, up from $560 billion in 2008.
Trichet is determined that extreme economic conditions should not lead to the abandonment of fiscal stability.
The president of the European Central Bank is at the centre of the global financial storm.
Even in tough capital markets, open only to the few, it’s still possible to craft good deals, attract new investors, bolster balance sheets and stave off disaster. For all their past sins and excesses, investment banks – the good ones at least – will prove themselves invaluable over the coming 12 months
Dubai's magic property bubble has burst.
The European Central Bank’s president knows that confidence must be restored before markets begin to function normally again.