Mexico set to relaunch Farac II

Mexico’s transport and communications ministry, the SCT, is expecting soon to relaunch its second federal highway re-concessions programme, Paquete del Pacífico, known as Farac II.

Banks raise earnings expectations

Last month executives of the world’s largest banks, alarmed at collapsing share prices, told everyone what a profitable start to 2009 they had enjoyed.

Lazard sticks with its own advice

With the business models of many of the largest financial firms destroyed by rapid deleveraging, it suddenly looks smart to be a purveyor of independent advice.

Funding: Mortgage finance will rise again

It’s back to basics for US and UK mortgage financing, with more transparency, a better alignment of risks through a mortgage’s life cycle, and attempts to revive sound securitization.

ING and the Dutch government pass taxpayers the bill

ING has always protested that its portfolio of alt-A residential mortgage-backed securities was of much better underlying quality than many of the sub-prime deals that imploded at the start of this credit downturn in 2007.

Banking: Restraint pays off for Portugal

The relatively conservative approaches of the financial system and banks’ customers seem to be helping the nation deal relatively well with the financial crisis and recession.

Should taxpayers own the good banks?

While many investors in bank stocks and bonds might have been hoping for a more comprehensive bailout plan from US Treasury secretary Timothy Geithner, others will be pleased with his feeble announcement.