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CAPITAL MARKETS

Funding: Mortgage finance will rise again

It’s back to basics for US and UK mortgage financing, with more transparency, a better alignment of risks through a mortgage’s life cycle, and attempts to revive sound securitization. Rachel Wolcott reports.

Rachel Wolcott, March 05, 2009

Hedge funds: Data

March 05, 2009

BANKING

Banks stick with Brazil

Despite their mounting woes, several US and European banks claim that they remain committed to Latin America, especially Brazil, according to their regional heads, although some are paring down their presence.

Chloe Hayward, March 05, 2009

European property funds: Shall I stay or shall I go?

European property funds have taken a battering over the past 18 months and investors have sought to cash out. A temporary freezing of redemptions has given managers breathing space and they’re using the time to convince investors to stick with them. Rachel Wolcott reports.

Rachel Wolcott, March 05, 2009

Latin America round up: Madoff maddens Latin Americans

Rio de Janeiro came in a close second to New York for Madoff losses according to locals in the Brazilian city. Reports continue to emerge that despite the big losses few customers will report them because much of the invested money was undeclared. "Go to the country club in Rio and the only conversation is about how much each person has lost," says a local banker.

Chloe Hayward, March 05, 2009

Hedge funds: Get in line for some ritual bloodletting

More heat than light was generated when UK MPs interrogated hedge funds. Neil Wilson reports.

Neil Wilson, March 05, 2009

Opinion

Inside investment: European policymaking — Mind the gaps

The current economic crisis exposes gaps at the heart of European policymaking. They will only widen as eurozone countries and the ECB grapple with the prospect of quantitative easing.

Andrew Capon, March 05, 2009

BANKING

Kazakhstan: Devaluation and nationalization hit home

Kazakhstan has witnessed a dramatic series of events in recent weeks as the central Asian state grapples with the growing challenge of the global credit crunch and associated economic slowdown. At the start of February it devalued its currency by 18% to about KT150 to the dollar.

Guy Norton, March 05, 2009

Opinion

Desperate bankwives

"This may seem a bit cliché [sic], but ladies, head to Victoria’s Secret tonight (part of Limited brands, ticker: LTD) and pick out something as revealing as you possibly can for Valentine’s Day with your FBF. You may not want to pick out anything red, as it might remind him of the carnage in the market today, but pretty sure anything you buy will do the trick."

March 05, 2009

CAPITAL MARKETS

Equity: Wall of money or begging bowl?

Substantial amounts of equity are piling up for commercial property. But the price needs to be right and the difficulty of accessing leverage is a serious impediment to mobilizing funds. Phil Moore reports.

Philip Moore, March 05, 2009

BANKING

EEMEA round up: Knox leaves ADCB

Eirvin Knox, chief executive of Abu Dhabi Commercial Bank, has resigned. He will be replaced by his deputy, Ala’a Eraiqat. The resignation came as ADCB’s profits for 2008 fell 35% from 2007 to Dh1.36 billion ($370 million). The bank took loan provisions of Dh758 million and investment provisions of nearly Dh740 million.

Dominic O’Neill, March 05, 2009

BANKING

Central America faces up to recession conditions

One region that will feel the force of a deep recession in the US is central America. However, recent financial reform could help soften the blow to an extent. Two of the region’s finance ministers tell Euromoney about their hopes and fears.

Sudip Roy, March 05, 2009

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