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BANKING

Carson Block misfires on bearish Standard Chartered bet

The famed hedge fund short-seller Carson Block's bet against Standard Chartered - citing deteriorating loan quality evidenced by a $1 billion loan to the chairman of Bumi - significantly overstates the risks on the emerging market-focused bank’s balance sheet.

Sid Verma, May 31, 2013

Treasury

Decisions loom on correspondent banking

One impact of the current economic and regulatory environment is that correspondent banking – the provision of services to other banks to enable them to service their own clients – is facing a shake-up.

Laurence Neville, May 31, 2013

CAPITAL MARKETS

Foreign banks fight on in US DCM

Competition in US debt capital markets remains fierce despite pressure on European banks to retrench from capital-intensive business lines. Faced with regulatory and funding headwinds, European banks insist they are staying put, and other non-US banks are joining them in the world’s biggest debt market.

Helen Avery, May 31, 2013

Opinion

Abigail with attitude: Africa in for Diamond, Asia out for Barclays

Returning to the category of imperial CEOs, most would agree that Bob Diamond, the former Barclays chief, was an earlier poster boy: a Do-it-my-way-or-take-the-highway kind of boss.

Abigail Hofman, May 30, 2013

Poland: Pensions battle threatens Warsaw’s hub

Government considers reforms, including nationalization; Private managers reject profiteering claims

Lucy Fitzgeorge-Parker, May 30, 2013

CAPITAL MARKETS

To Paul Krugman's chagrin, Volcker and the BIS swim against the deflationary tide

Before lambasting Paul Volcker and the Bank for International Settlements for sounding the alarm over the inflationary impact of lax G7 monetary policy – even in the face of a deflationary cycle – take a moment to consider the defence.

Sid Verma, May 30, 2013

Foreign Exchange

Shrinking ECB balance sheet no shield against euro weakness

For some, the growing divergence between the size of the Federal Reserve’s balance sheet and that of the European Central Bank (ECB) is a reason to be bullish on EURUSD, but that relationship might be in the process of breaking down.

Peter Garnham, May 30, 2013

Opinion

Against the tide: Brunettes not Goldilocks

There is just about enough global growth activity to sustain growth-dependent assets. But stagnating Europe remains the weak link that could disrupt peaceful progress.

David Roche, May 30, 2013

Opinion

Inside investment: Stupid is as stupid does

Banks need to be better regulated. But a financial transactions tax is more than wrongheaded. As currently formulated, it would be hugely damaging.

Andrew Capon, May 30, 2013

BANKING

Gold, liquidation and the dollar – BCA Research

BCA Research continues to recommend underweight positions in precious metals within the commodity complex.

May 30, 2013

Opinion

Bloomberg data wars: Into darkness

Bloomberg brought a knife to a gunfight when it tried to pry information out of Goldman Sachs by using details gathered from the data and media firm’s terminals about the bank’s employees. An enquiry by a Bloomberg reporter about whether a partner had left Goldman, given that his terminal was not in regular use, set alarms bells ringing at a bank that has a well-deserved reputation for paranoia.

Jon Macaskill, May 30, 2013

Opinion

Abigail with attitude: Mark Carney – the new Bob Diamond?

A seasoned source told me a few months ago that Diamond’s tenure was abruptly terminated because "He was foreign! In this new era of heightened public scrutiny and domineering regulators," the source sighed, "your cultural values and background have to be aligned with those of the national authorities. If your face doesn’t fit and there’s a setback, you are out. It happened to Bob and it happened to Vikram Pandit at Citi. Anshu Jain, over at Deutsche, needs to watch out."

Abigail Hofman, May 30, 2013

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