High US tax rates on funds repatriated by big US multinationals are prompting them to raise debt rather than send money home

Does Swiss wealth management business really need an investment bank too?

Lloyds LME highlights potential risks to investors of early regulatory calls in the booming AT1 market

For the first quarter, Citigroup reported an 18% decline in fixed-income revenues compared with 2013 and chief financial officer John Gerspach described the overall FICC business as a “shrinking pie”.

Barclays estimates 300% fall in bolivar; deficit should fall to 10%.

Bond sale just before elections; investors shrug off bad numbers.

AuM is over $57 billion; wants to capitalize on consumption.

Sinopec equals previous biggest issuance; global investors maintain Asia focus.

Vodafone sparked a flurry of interest from bankers in emerging Europe last month with the launch of its M-Pesa payments service in Romania. But the firm’s director of mobile money tells Euromoney that traditional lenders would struggle to replicate its business model.

Last month Goldman Sachs filed papers in the UK courts seeking to have a case for mis-selling brought by the Libyan Investment Authority summarily dismissed. This is not the first attempt by the bank to end the problems caused by its engagement with Gaddafi-era Libya. In a 2010 memo, Goldman proposed a complex structure that would have involved a $52 million payment in exchange for unwinding trades that had cost the Libyan fund almost $1.3 billion. While the US investigates, LIA chairman Abdulmagid Breish is making plans for the sovereign wealth fund’s future – and he wants his country’s money back.

CaixaBank CEO reveals he is expecting a concerted expansion in the Spanish market amid shareholder pressure to deploy excess capital.

Some SFr475 billion is to move between private banks within three years, as a result of regulatory and industry pressures – a move that should limit M&A in the private-banking industry, say analysts.

Nigerian oil and gas company Seplat successfully listed on the London and Lagos stock exchanges on Monday. Its aggressive acquisition ambitions might force the company to sell more equity and debt in the years ahead.

Higher loan-to-value (LTV), 15-year and adjustable-rate mortgages (ARMs) are in the frame as the structured agency credit risk (STACR) programme is expanded.

Swap traders are furious at what they describe as a “royal regulatory cock up” as frontloading comes to the fore and they struggle to price swaps, while Europe’s financial regulator has yet to announce a solution despite crisis talks earlier this month.

High-quality definition to be based on ECB eligibility, EIOPA criteria, and might be set at “PCS-minus”.

The sharp jump in cross-border lending to China in recent years means capital controls are de facto broken. As a result, Beijing faces the “impossible trinity” – an inability to manage exchange rates, monetary policy and allow for free movement of capital, all at the same time. China faces an renminbi-policy crisis just as much as a potential credit crisis.

The New York Fed published a call for self-insurance on the capital account while Tarullo repeats the warning of further risk-weighted charges aligned to dependence on unreliable short-term funding.

Ghana’s president admits that only structural changes will solve deep-rooted difficulties in the economy. One way to do this would be to diversify, lessening dependence on commodity exports. But can this be successful in a country still finding its feet?