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Opinion

Chile set for burgeoning foreign-currency issuance

Changes in domestic market conditions are making borrowing abroad the most attractive option for Chilean banks and corporates.

July 10, 2008

Opinion

Relax, covered bonds will be this way for a while

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.

July 10, 2008

BANKING

Awards for Excellence 2008: Philippines

Last year BDO-EPCIB won the best bank in the Philippines award from perennial contender Bank of the Philippines Islands in recognition of the former’s strong results and the ambition of its merger, the largest in the country’s banking history. The newly merged entity, now called BDO, has almost completed the integration of Equitbale PCI bank and looks to be making a real success of the historic deal.

July 10, 2008

Foreign Exchange

FX market round-up: HBOS boosts Sydney ops

HBOS, whose dealing rooms operate under the name of Bank of Scotland Treasury, has made two senior appointments to its Australian FX operations. Michael Peric joined as head of trading from NAB in early June. He has been joined by Matt Brady as head of FX trading.

Lee Oliver, July 10, 2008

Ukraine: Polar Capital looks to Kiev for growth

London-listed asset management group Polar Capital is looking to launch a fund later this year to take advantage of the attractive investment opportunities it believes exists in Ukraine. Earlier this year, Polar relocated its head office for emerging Europe to Kiev from Moscow, citing the growing attractiveness of the Ukrainian economy.

Guy Norton, July 10, 2008

Foreign Exchange

FX market round-up: Stan Chart opens in Paris

Standard Chartered has opened a branch in Paris to tap into the considerable flow it already sees from French corporates and financial institutions. The bank says the branch will facilitate access for those French firms looking to capitalize on the huge investment flows between key markets in Asia, Africa and the Middle East. The team in Paris will be led by Raoul Leblanc.

Lee Oliver, July 10, 2008

BANKING

Restructuring: Cheyne, Whistlejacket close to resolution

The restructuring of Cheyne’s SIV could provide a blueprint for other stricken vehicles; Blackrock in the frame to manage StanChart’s SIV.

Louise Bowman, July 10, 2008

BANKING

Awards for Excellence 2008: Saudi Arabia

Perhaps the most exciting story in Saudi banking is Al Rajhi’s conversion from an Islamic retail operation to a wholesale financial institution with corporate and investment banking added to its armoury. The decision to develop the wholesale banking business has not been taken lightly: it has taken Al Rajhi almost 50 years to change its model.

July 10, 2008

Foreign Exchange

Marketing: Saxo gets on its bike for further growth

Decision to sponsor cycling team guarantees to generate huge media coverage.

Lee Oliver, July 10, 2008

CAPITAL MARKETS

Credit Markets round-up: Overheard at the Global ABS conference in Cannes

"Redemptions at par"

July 10, 2008

BANKING

Latin American regional Awards for Excellence

While its big cousin in the north is experiencing a spot of financial bother, Latin America goes from strength to strength. When historians come to judge the past 12 months, they might well come to regard it as a watershed period for the region.

July 10, 2008

BANKING

Australia: Babcock & Brown faces up to leaner times

This time last year, Phil Green had plenty to smile about.

Chris Wright, July 10, 2008

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