Competitors gloating over the firm’s current predicament are likely to be sorely disappointed.

Until discrepancies between index auction prices and single-name CDS recovery rates can be ironed out, investors should sell recovery basis risk.

Proponents of European high yield think covenants for issuers should be relaxed if the market is to survive.

The removal of restrictions on trans-national M&A are fundamental to EU principles. Turkey is setting an example.

It´s the new Big Bang in equity trading. As research and execution are unbundled, and as clients increasingly access markets directly, brokers need to find new ways to keep their institutional clients. Algorithmic trading is one way. It cuts execution costs, adds alpha and gives the creative brokers – those able to design flexible, customized algorithms – a new way to keep in the execution business, for now.

Latin America is no stranger to banking crises. Every so often a banking system will implode, and depositors will lose all or some of their money.

Australian regulator’s charges cast doubt on legitimacy of prop trading.

JPMorgan Chase CEO Jamie Dimon wants a clear, new structure for the bank, without personal fiefdoms and superstars. But what does this mean for one of its most important franchises – the structured credit business that JPMorgan once dominated – now in the hands of a new generation of managers? Alex Chambers reports.

The authorities of Saudi Arabia have used the stock market to redistribute wealth, but in doing so they helped inflate a bubble. The inevitable crash has aroused some discontent. Rather then rushing to bail the market out, policymakers should use the sell-off as a spur to force out the manipulators and build a sounder infrastructure by forging ahead with privatization, licensing new investment banks and brokers and fostering institutional asset management. The pain of the sell-off will eventually pass, because Saudi Arabia is booming.