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  • Willy Zapata, Guatemala’s head of banking supervision, is not easily shaken. When Euromoney met him late in the evening recently, his offices were under siege from angry depositors in the second bank to collapse in as many months. Armed guards barred the gates.
  • The shift in the balance of power in Citi’s debt group duplicates a trend seen in some other US investment banks.
  • One of Latin America’s most distinguished banking careers will come to an end this month. Eloy Garcia, treasurer at the Inter-American Development Bank, will leave the multilateral after its annual meeting in Guatemala at the end of March after 35 years’ service.
  • The temperature in Moscow has plummeted to well below freezing in recent weeks but the battle to land the best available investment banking talent is raging white hot as firms snap up experienced personnel whom – they hope at least – will boost their share in one of the world’s most lucrative markets.
  • Structured products debate
  • In the month after populist leftist Rafael Correa took power in January, the market in Ecuador’s global bonds went crazy. Correa made noises about defaulting on Ecuador’s debt from the beginning of his presidential campaign, but bond traders generally discounted that rhetoric as political posturing, and Ecuador’s benchmark 2030 global bonds remained near par until after the inauguration.
  • The market has been eagerly awaiting the deal, which will be the largest corporate securitisation to date and may even reach £8 billion in size.
  • Best in Islamic finance: Pushing beyond the boundaries
  • This week when Moody’s unveiled an unprecedented wave of credit rating upgrades for banks in the Nordic, Benelux and CEE regions it clearly did not think what the impact on its own credibility would be.
  • – open up the door, I’ll get it myself.

    I get the impression that some market participants are still a little bit concerned about what I’m going to write about when I contact them.
  • – open up the door, I’ll get it myself.

    I get the impression that some market participants are still a little bit concerned about what I’m going to write about when I contact them.
  • Credit Suisse used to be a byword for bad governance. I remember a friend who worked there in the dot-com days joking: “It’s hard to find a jurisdiction where we are not being sued.’’