November 2012
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LATEST ARTICLES
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Euromoney’s annual survey invites investors to rate the quality of bank research on Middle Eastern equity and debt bearing in mind overall performance and accuracy.
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Bank analysts and equity investors give their opinions on which companies they think are the best by the individual company sectors.
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"Deals are being oversubscribed by anything ranging from three to four times up to 15 times – and these are for small $100 million deals up to multibillion dollar deals"
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NBAD announces six-month waiver; Rules could promote federal borrowing
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M&A activity drops after introduction; Cade’s response faster than predicted
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Bonds rise on announcement; Recovery-note holdouts threaten resolution
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Priced to support post-deal performance; Mexican equity story outshines Brazil’s
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QE distorts currency trading; Returns exist, but in limited pairs
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First international sovereign issue for 90 years; Aftermarket performance disappoints
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More issuance likely from PDVSA; Currency appreciation might force devaluation
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Air Liquide attracts new investors; More deals to follow
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Signs of life driven by blocks; Rise in bookrunners ‘frustrating’
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Banks profit on originate and hold; Expectations ‘ahead of themselves’
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"It’s a minor irritation. We’ve always thought Moody’s was shit, but S&P has now proved it’s just as shit too"
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Depository law proves final hurdle; OFZ spreads tighten on foreign buying
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Veteran lured away from Deutsche; Signals BAML ramping up effort in Asia
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More issuance expected; Indonesia performance remains lacklustre
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Fine wine shows an attractive Sharpe ratio; Investors must be wary on valuations
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$5 billion under management; Employs advisers and third-party fund manager
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Nine-year tenure ends; Maliki seen to be consolidating power
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If there was ever any doubt about who Wall Street wants in the White House, a cursory glance at the top contributors to the campaigns of president Barack Obama and Republican challenger Mitt Romney clears that up in a hurry. It might even make the president regret being quite so harsh on a group who backed him pretty heavily (for a Democrat) when he was first elected president after a campaign during which he is thought to have broken the world record for saying: "Yes we can".
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The IMF/World Bank meetings in Tokyo produced nothing of note in terms of concerted action to counter the global financial and economic crisis.
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Padraic Fallon, the chairman and editor-in-chief of Euromoney Institutional Investor, was the person who highlighted to me the importance of being first. "Write something new, Abigail," he would say. "Always try to be first with your angle or story. Go out and meet new people."
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Brazil’s retail banks need to adapt to a new low interest rate environment. With the years of easy revenue growth seemingly coming to an end, the other side of the efficiency equation – cost – is at the forefront. Technology will be critical to improving efficiency, but will the returns follow the investment?
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Goldman Sachs insiders were relieved by the dearth of damning allegations in Greg Smith’s tell-all book about his time at the firm.
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Euromoney paid a visit to the annual British Bankers’ Association conference last month in London.
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Sometimes, I am pleased to say, I get there before others. Those who are successful normally spot signals before they become trends and navigate accordingly. I can think of many examples: Howard Schultz, the founder of Starbucks, who realized people would pay £2.50 for a half decent cup of coffee; Steve Jobs, who saw that consumers wanted design as well as functionality; and even Barack Obama, who recognized in 2008 that the US public were desperate for change. Of course, Obama now faces a difficult re-election battle as it is not clear his tenure delivered the change that he promised.
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An investment bank wouldn’t be doing its job if it didn’t advise its clients on where they could potentially make money, and earn a fee from doing so.
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With the authorities having achieved a lowering of the current account deficit, expectations for growth in Turkish bank lending are rising again. Quantitative easing has let loose new capital flows into the country, but the dearth of longer-term funding is more serious than ever.
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Basle III proposals would hurt Danish banks; Denmark wants equal treatment in bank union