Russia’s Sovcombank breaks new ground with equity release loans and ESG
Consumer finance growth in Russia is expected to slow after the introduction of central bank curbs on over-indebtedness, forcing its leading banks to look for new ways to target retail borrowers. At Sovcombank, one of the country’s largest private sector...
India’s risks ‘do not justify Moody’s downgrading’
Moody’s outlook for India is cold and harsh, but ECR’s risk experts believe the country can forge its own path through any short-term difficulties It’s November, and Moody’s latest outlook on the global economy is chillier. It also has India...
Rameda to breathe life into Egyptian IPO market
Cairo-based Rameda Pharmaceuticals is set to price Egypt’s second private-sector initial public offering (IPO) of the year, revitalizing the country’s lacklustre IPO market, which has struggled to recover to pre-revolution levels, despite a healthy pipeline of state and non-state run companies....
Left-wing coalition sends jitters through Spanish banking
Podemos’s Pablo Iglesias embraces PSOE’s Pedro Sánchez after signing the coalition agreement Banks in Spain are bracing themselves for yet another big blow to their profits, thanks to the anti-establishment Podemos party’s moves towards forming a coalition with the centre-left...
India reverses course on Essar Steel decision
The Supreme Court in New Delhi India’s Supreme Court has set aside a controversial judgement that had threatened to kill India’s distressed debt market before it started. As Euromoney reported in July, the National Company Law Appellate Tribunal had thrown...
Origin seeks new funding to promote adoption of digital DCM
Two very different debt capital markets deals – one recently completed in Asia, the other earlier this summer in Europe – show how new financial technology is set to transform the primary markets. That is slowly, methodically and by concentrating...
What’s behind UBS’s joint venture with Banco do Brasil?
Banco do Brasil CEO Rubem Novaes talks with Sylvia Coutinho, country head of UBS Brazil, before a news conference in São Paulo on Thursday The logic behind the announcement of an investment banking joint venture (JV) between Banco do Brasil...
EU’s anti-money laundering body finally takes shape
The European Union is finally moving to seal a gaping chasm in the internal market’s institutional makeup, with a new anti-money laundering authority, and a common structure for financial intelligence-gathering. In a sign of the political tests the new powers...
Q3 earnings results show credit risk appetite among Brazil’s banks
Brazil’s private sector banks are firmly in ‘risk-on’ mode, after the third-quarter reporting season. The economy is expected to grow GDP a little under 1% this year, but the banks are anticipating stronger growth to come and are ramping-up their...
Green finance: Calls for transition bonds gain traction
A growing number of bankers and investment managers are trying to develop a transition bond market that will allow carbon-intensive companies and industries to finance their gradual shift away from fossil fuels. Last month, AXA Investment Managers (IM) issued a...