Aldermore pulls, Virgin Money delays; Equity fund outflows dim ECM prospects

Wealth tax proposed; Finance minister sensitive to FDI fears

Participants in the European high-yield market say the collapse of Phones 4U, which left PIK-note holders wiped out, was a one-off event. But it serves as a stark reminder of the liquidity trap that lies in wait for yield-hungry investors chasing each other further and further down the credit curve. And it calls into question whether European investors have developed the necessary credit skills to invest in such risky assets.

Pity the regional Asian bank chiefs dealing with myriad local regulators as well as extra-territorial oversight.

The relative harmony of the Pacific Alliance means that Argentina and Brazil must now start to listen to their little brothers in Mercosur.

The QIA has found itself on both sides of a property spat. But when in-fighting turns into a court case, only the lawyers will end up winning.

Headcounts might fall as banks prepare for the digital future, but those whizz kids building apps don’t come cheap.

Revenues on the rise; More lending and discretionary mandates.

Bahrain stuck in trading trough; Gulf markets are polarizing.

China, the dollar and oil. All three are moving in novel directions.

Latin America’s first such deal; Pemex plans to follow.

Fed gets tough with Credit Suisse; cov-lite loans on the rise in US and Europe

The chief executive of the leading Turkish Islamic bank claims it is the victim of a politically driven campaign by the country’s president, in an exclusive interview with Euromoney.

Jon Macaskill imagines how the star fund manager might have recorded the reasons behind his shock move from Pimco to Janus Capital. Item one: update his enemy list.

Nedbank and QNB’s increased shareholding in Ecobank has brought into question the bank’s future, but as Smit Crouse of Nedbank states, the South African bank has no intention of becoming a majority stake holder in the bank.

Bondholder groups join forces to push through a deal that reduces the indebted pub group’s leverage to 7.7 times.

Malaysia gears up for consolidation in its financial sector as the three-way deal moves ahead.

Société Générale and BNP Paribas outline new plans to get their investment banking divisions growing again. The US market is central to the ambitions of both banks.

There is more work to be done before the Asean Exchanges project – designed to connect bourses in the region – can realize the ambitions it set out during its inception.

A shake-up in Standard Chartered's Asean capital markets team prepares the ground for a 2015 growth push.