Local players dominate Latin American investment banking
As corporate debt with a negative yield passes the $1 trillion threshold, the fact that a recent local CRI debenture in Brazil raised only R$538 million ($132 million) in orders for a proposed R$1 billion deal may seem like a...
More than 300 European firms have lost all sell-side coverage since Mifid II
In late August, the UK’s Cass Business School published a research paper looking at the effects of Mifid II on sell-side analysts, buy-side analysts and firms themselves. Unsurprisingly, the authors – Bingxu Fang and Ole-Kristian Hope of the Rotman School...
Danske wields risk axe after Estonia money laundering scandal
In an era when compliance heads have unprecedented importance in banking, there is perhaps no other major financial institution in the world where the role is quite as crucial as it is at Danske Bank. Philippe Vollot became the Danish...
WeWork: Neumann redefines key man risk as IPO looms
Adam Neumann, co-founder and CEO of WeWork, is understood to have cashed out roughly $700 million from the company Lending money to charismatic chief executives of valued clients has long been an important business line for the world’s investment banks, but...
Yield curve inversion spreads worry across global markets
It may have been a short-lived and modest intra-day move, but the fact that the 10-year US treasury bond yield briefly fell below the yield on the two-year US treasury note on Wednesday – coming amid a broad equity market...
Mexico is not a safe option for investors fleeing Argentina
With attentions focused on the market reaction to a potential electoral defeat later this year for Argentina’s president Mauricio Macri, investors eyeing Mexico as a suitable alternative would do well to take heed of the warnings. Lying 38th in Euromoney’s...
Kenya lifts rate cap, boosts hope for new IMF agreement
Local Kenyan shilling-denominated bond yields had risen in the weeks leading up to the vote Bank stocks rallied and investors rushed to buy local Kenyan government bonds after the country’s parliament voted on Tuesday to remove the cap on banks’ commercial lending...
Online US consumer banking is a game of give and take
News in October that Santander plans to launch a nationwide deposit gathering platform in the US in the next 12 months has invited an inevitable comparison with Goldman Sachs’ move into the space. The latter’s Marcus consumer lending arm has...
FIS-Worldpay’s $43 billion merger a sure sign scale is paramount in payments
The closure of a $43 billion deal between FIS and Worldpay last week – the biggest deal in the payments M&A space to date – is a sign that consolidation pressure is building in the space. “With the introduction of...
High-risk Nepal is the number-one improver in Euromoney’s risk survey
On the up – but still a mountain to climb… Famous perhaps only for playing partial host to the world’s highest mountain, Nepal has reached the summit in another respect lately by becoming the most improved country in Euromoney’s crowd-sourcing...