Macaskill on Markets
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Wall Street’s Trump party could end in a hangover
US banks will get a trading and dealmaking boost from Trump’s re-election, but rising Treasury yields could pose challenges. -
Sideways: Timing is everything at Deutsche Bank
Former credit trader Shikha Gupta discovers that a verbal contract isn’t worth the paper it is written on. -
Macaskill on markets: In the year of equities, derivatives are key
It is turning out to be an equities year for the big investment banks, as fixed income revenues fall or stall and fees from dealmaking recover slowly.
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A US climate bill filled with green credits will create business for banks and provide relief from the backlash against ESG products.
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West Virginia state treasurer Riley Moore has opened another front in a campaign by Republican officials in the US against banks that promote ESG policies.
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HSBC Asset Management’s head of responsible investing has had it up to here with consultants and regulators lecturing him on climate change risk.
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Blackstone-owned GSO Capital’s provision of financing for building firm Hovnanian, on condition that it defaults on debt in order to trigger a payout on default swaps, highlights the reputational risks for investors as they supplant banks in setting the agenda for the credit markets.
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The recent disclosure that rare wine worth more than $1.2 million was stolen from Goldman Sachs co-president David Solomon, allegedly by a personal assistant, raises questions about which other Wall Street titans may have suffered the indignity of losses they would rather not discuss.
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The search is on for masters of the bitcoin universe to rival the bond traders who appalled and fascinated the public in the 1980s.
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An important step to confer respectability on trading in bitcoin and other cryptocurrencies was taken in mid December when analysts from Deutsche Bank highlighted the role played in the emerging market by male leveraged foreign exchange investors from Japan.
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Jon ‘Mystic Mac’ Macaskill looks ahead at possible highlights for markets in 2018.
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The conviction of former HSBC trader Mark Johnson for front-running a customer FX order could transform the way dealers hedge client trades – and how they communicate with each other.
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Barclays CEO Jes Staley has staked his future on the ability of four markets veterans to produce a fast turnaround in performance at the firm’s investment bank.
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The departure of SoFi founder Mike Cagney as CEO should serve as a warning against believing the hype about fintech firms without testing the self-interested assertions of their managers.
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It is a truism that technology is set to transform banking.
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Norway’s sovereign wealth fund has decided to steer clear of corporate bonds, which will help it to avoid the reputational traps that loom for some other large investors.
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Hurricanes, electric cars and pollution rules are bringing volatility back to the commodity markets.
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There was an air of mild incredulity in some quarters of the City of London when John Varley, the former CEO of Barclays, was charged with fraud alongside the bank he once headed and three ex-colleagues.
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The UK’s Serious Fraud Office (SFO) charged Barclays and four former managers with fraud in June, alleging misconduct relating to two capital raising deals in 2008 and a loan to Qatar.
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A survey released by index provider Coalition on May 24 revealed the grim state of FX business lines.
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Following news that Barclays chief executive Jes Staley and Bank of England governor Mark Carney were fooled by spoof emails purporting to come from their chairmen, Euromoney’s Jon Macaskill has uncovered more misleading messages from the top.