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LATEST ARTICLES
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Governments should give investors what they need and issue inflation-linked bonds.
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Family disputes in Asian listed companies have an unfortunate propensity to boil over unresolved into the public arena, raising important corporate governance issues.
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Panic over the state of Fannie and Freddie may have been overplayed, but more transparency over their role in US housing should be welcomed.
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Markets have changed and so will the terms for Mexico’s next round of toll road financing.
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The role of the European Central Bank as the saviour of the European securitization market over the last year is not even up for debate.
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The audience fell silent as they listened to his advice: don’t buy things you don’t understand; if you wouldn’t buy something, don’t sell it to anyone else; and don’t lend money to customers you don’t know.
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The strong performance of BBVA and Santander can’t mask the impact of a looming housing crash on domestic institutions.
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HBOS is struggling. That’s why its stock price is depressed and its rights issue came close to disaster.
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In-house hedge funds look to have been a costly mistake for investment banks. Far better, it seems, is to take stakes in independent ones.
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Appetite for distressed ABS is not nearly sufficient to mop up supply.
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The belief that Libor is an actual rate at which banks lend substantial money to one another is a façade that the credit crunch has torn down with a vengeance.
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The biggest retailers will regret having been blind to opportunities in emerging Europe.
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We could be living through the last days of the independent investment banks.
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Institutional investment in commodity markets is boon not bane.
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Changes in domestic market conditions are making borrowing abroad the most attractive option for Chilean banks and corporates.
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Tight spreads and a lack of differentiation between issuers are things of the past in the covered bond markets. But perhaps this is more “normal” than the bull market situation.
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The departure of Andre Esteves from UBS need not be a big setback for the Swiss bank’s fortunes in Brazil.
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A rights issue boom means investment banks have bizarrely profited from their failures.
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Revelations on Moody’s mis-rating of CPDOs could be the most damaging yet.
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Asian investment banking thrives despite woes in Europe and the US.
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The region’s importance could mean more banking officials relocating there.
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HBOS deserves the gratitude of its rivals for its attempt at a UK RMBS benchmark, but it may prove futile in the short term.
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Growing concerns about another default need to be assuaged quickly by the government.
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Falling corporate cash levels show the credit crunch is starting to bite.
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A commodity boom masks fundamental problems in the Brazilian economy, observers argue.
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A reduction in foreign capital flows means that many banks in eastern Europe are indirect victims of the credit crunch.
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UBS has done a service to all investors in bank stocks and bonds by making public the report requested by the Swiss Federal Banking Commission into the root causes of its sub-prime losses.
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Freeing up markets would help the country lose its tag as the poor man of Latin America.
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The crisis suggests that privately owned banks are not self-evidently better managed nor more effective at allocating capital than state-owned ones.