Renewed concern over 2015 wall; High-yield freeze prompts private solution

"Don’t be a dick"

Revamped pricing boosts turnover; profits from SNB intervention.

Investment banking revenue figures compiled by Dealogic for the first nine months of 2011 confirm a shocking sudden stop in the third quarter of the year. Global investment banking revenue reached $53.2 billion in the first nine months of 2011, up 10% from the first nine months of 2010. That increase was despite third-quarter revenue of just $11.8 billion being the lowest total since the first quarter of 2009 and down 45% from the second quarter’s $21.4 billion.

The run on Morgan Stanley’s stock and credit default swaps in the final days of September had alarming similarities to the collapse in confidence in the bank during 2008.

Plan attacks shuttered market; Slams door after horse has bolted

Benefits from growth markets; Shake-up in equities division

Trading scandal raises further questions about validity of investment bank; Does the integrated model work for UBS?

Hassell shuns future acquisitions; Litigation and regulation unavoidable expenses

What a difference a few years make. Warren Spector couldn’t have looked less like a banker had he tried at the showing of A Bird of the Air – his first movie as an executive producer since being ousted from Bear Stearns in 2007 before the bank failed. Dressed in a bright-yellow raincoat, the former co-president of Bear Stearns amicably chatted among the 50-odd audience that had come to see his debut production at the East Village movie theatre in Manhattan. The director of his film is his wife, actress Margaret Whitton, who starred in the 1980s films The Secret of my Success and 9-1/2 weeks.

New investment bank to rival BTG Pactual; Solvency of small banks under pressure

Rumours knock Ping An down 14% in a day; Soc Gen predicts big rally

PM forces repayment discounts; 1 million borrowers eligible

As corporate executives make cash management an increasingly important part of their treasury function, so transaction banks are realigning their businesses. Now it is increasingly part of the overall corporate relationship. Laurence Neville looks at the models the leading banks are adopting.

While banks at Sibos were focused on the changing nature of the regulatory landscape in the developed economies, together with the potential gains to be made in the emerging markets, what were the corporate clients talking about?

The Native American reservations of three northern US states are on the brink of an oil boom that could reduce global concerns about the future supply of oil. Helen Avery talks to a private equity venture that hopes to produce triple-digit returns for investors while ensuring the Tribal Nations are not swept aside in the rush for oil.

As the industry faces up to more stringent regulation in the west, the mood at this year’s Sibos convention was extremely mixed. That’s why many bankers are turning to emerging opportunities, most notably in Asia and Latin America. Nathan Collins reports from Toronto.

Asset owners and managers are signing up to a series of principles on how they invest in agricultural land. Will this mollify critics of the land grab? Nick Lord reports.

Related articles

In an historic reversal of the old order, corporate treasurers are now assessing the risk profiles of banks before doing business with them. And some leading companies are so worried about the state of the financial sector that they’re even considering setting up their own bank. Louise Bowman reports.

Top corporates are the new kings of the debt markets. Many are trading through sovereigns. Investors are desperate for their paper. But while US treasurers lock in historically low funding, their European counterparts are simply sitting on their cash piles. Louise Bowman investigates why, additional reporting by Helen Avery.

The country is proving a tough nut for private equity practitioners to crack. Guy Norton reports from Almaty on the challenges facing the alternative investment industry.

Foreign exchange volumes in the multi-dealer e-trading market are soaring. Competition to be the application of choice on end-users desktops is heating up. Can Bloomberg steal a march through its ubiquitous terminals? Hamish Risk reports.

The hunt for yield is driving emerging market investors ever further down the corporate credit curve. But, with domestic bond markets booming and local banks awash with liquidity, can supply keep pace with demand? Lucy Fitzgeorge-Parker reports.

Having secured permanent capital just before the big equity market sell-off, Glencore now has the financial strength to boost production and acquire cheap mining assets. In the long run, shareholders should reap the benefits. For now, they’re still licking their wounds after the Swiss firm’s record-breaking IPO. Peter Lee tells the inside story of the deal of the year.